2023-03-012024-02-292024-02-29false07586913Thomas Stanley Limited2024-11-2756101iso4217:GBPxbrli:pure075869132023-03-01075869132024-02-29075869132023-03-012024-02-29075869132022-03-01075869132023-02-28075869132022-03-012023-02-2807586913bus:SmallEntities2023-03-012024-02-2907586913bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2907586913bus:AbridgedAccounts2023-03-012024-02-2907586913bus:PrivateLimitedCompanyLtd2023-03-012024-02-2907586913core:WithinOneYear2024-02-2907586913core:AfterOneYear2024-02-2907586913core:WithinOneYear2023-02-2807586913core:AfterOneYear2023-02-2807586913core:ShareCapital2024-02-2907586913core:SharePremium2024-02-2907586913core:RevaluationReserve2024-02-2907586913core:OtherReservesSubtotal2024-02-2907586913core:RetainedEarningsAccumulatedLosses2024-02-2907586913core:ShareCapital2023-02-2807586913core:SharePremium2023-02-2807586913core:RevaluationReserve2023-02-2807586913core:OtherReservesSubtotal2023-02-2807586913core:RetainedEarningsAccumulatedLosses2023-02-2807586913core:LandBuildings2024-02-2907586913core:PlantMachinery2024-02-2907586913core:Vehicles2024-02-2907586913core:FurnitureFittings2024-02-2907586913core:OfficeEquipment2024-02-2907586913core:NetGoodwill2024-02-2907586913core:IntangibleAssetsOtherThanGoodwill2024-02-2907586913core:ListedExchangeTraded2024-02-2907586913core:UnlistedNon-exchangeTraded2024-02-2907586913core:LandBuildings2023-02-2807586913core:PlantMachinery2023-02-2807586913core:Vehicles2023-02-2807586913core:FurnitureFittings2023-02-2807586913core:OfficeEquipment2023-02-2807586913core:NetGoodwill2023-02-2807586913core:IntangibleAssetsOtherThanGoodwill2023-02-2807586913core:ListedExchangeTraded2023-02-2807586913core:UnlistedNon-exchangeTraded2023-02-2807586913core:LandBuildings2023-03-012024-02-2907586913core:PlantMachinery2023-03-012024-02-2907586913core:Vehicles2023-03-012024-02-2907586913core:FurnitureFittings2023-03-012024-02-2907586913core:OfficeEquipment2023-03-012024-02-2907586913core:NetGoodwill2023-03-012024-02-2907586913core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2907586913core:ListedExchangeTraded2023-03-012024-02-2907586913core:UnlistedNon-exchangeTraded2023-03-012024-02-2907586913core:MoreThanFiveYears2023-03-012024-02-2907586913core:Non-currentFinancialInstruments2024-02-2907586913core:Non-currentFinancialInstruments2023-02-2807586913dpl:CostSales2023-03-012024-02-2907586913dpl:DistributionCosts2023-03-012024-02-2907586913core:LandBuildings2023-03-012024-02-2907586913core:PlantMachinery2023-03-012024-02-2907586913core:Vehicles2023-03-012024-02-2907586913core:FurnitureFittings2023-03-012024-02-2907586913core:OfficeEquipment2023-03-012024-02-2907586913dpl:AdministrativeExpenses2023-03-012024-02-2907586913core:NetGoodwill2023-03-012024-02-2907586913core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2907586913dpl:GroupUndertakings2023-03-012024-02-2907586913dpl:ParticipatingInterests2023-03-012024-02-2907586913dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2907586913core:ListedExchangeTraded2023-03-012024-02-2907586913dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2907586913core:UnlistedNon-exchangeTraded2023-03-012024-02-2907586913dpl:CostSales2022-03-012023-02-2807586913dpl:DistributionCosts2022-03-012023-02-2807586913core:LandBuildings2022-03-012023-02-2807586913core:PlantMachinery2022-03-012023-02-2807586913core:Vehicles2022-03-012023-02-2807586913core:FurnitureFittings2022-03-012023-02-2807586913core:OfficeEquipment2022-03-012023-02-2807586913dpl:AdministrativeExpenses2022-03-012023-02-2807586913core:NetGoodwill2022-03-012023-02-2807586913core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2807586913dpl:GroupUndertakings2022-03-012023-02-2807586913dpl:ParticipatingInterests2022-03-012023-02-2807586913dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2807586913core:ListedExchangeTraded2022-03-012023-02-2807586913dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2807586913core:UnlistedNon-exchangeTraded2022-03-012023-02-2807586913core:NetGoodwill2024-02-2907586913core:IntangibleAssetsOtherThanGoodwill2024-02-2907586913core:LandBuildings2024-02-2907586913core:PlantMachinery2024-02-2907586913core:Vehicles2024-02-2907586913core:FurnitureFittings2024-02-2907586913core:OfficeEquipment2024-02-2907586913core:AfterOneYear2024-02-2907586913core:WithinOneYear2024-02-2907586913core:ListedExchangeTraded2024-02-2907586913core:UnlistedNon-exchangeTraded2024-02-2907586913core:ShareCapital2024-02-2907586913core:SharePremium2024-02-2907586913core:RevaluationReserve2024-02-2907586913core:OtherReservesSubtotal2024-02-2907586913core:RetainedEarningsAccumulatedLosses2024-02-2907586913core:NetGoodwill2023-02-2807586913core:IntangibleAssetsOtherThanGoodwill2023-02-2807586913core:LandBuildings2023-02-2807586913core:PlantMachinery2023-02-2807586913core:Vehicles2023-02-2807586913core:FurnitureFittings2023-02-2807586913core:OfficeEquipment2023-02-2807586913core:AfterOneYear2023-02-2807586913core:WithinOneYear2023-02-2807586913core:L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Thomas Stanley Limited

Registered Number
07586913
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

Thomas Stanley Limited
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

A R Gray
E Vargas Beiro

Company Secretary

A R Gray

Registered Address

14a Main Street
Cockermouth
CA13 9LQ

Registered Number

07586913 (England and Wales)
Thomas Stanley Limited
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,7495,972
4,7495,972
Current assets
Stocks8,8288,869
Debtors8,07319,975
Cash at bank and on hand1,7415,162
18,64234,006
Creditors amounts falling due within one year4(83,247)(76,788)
Net current assets (liabilities)(64,605)(42,782)
Total assets less current liabilities(59,856)(36,810)
Creditors amounts falling due after one year(52,630)(58,179)
Provisions for liabilities(902)(1,135)
Net assets(113,388)(96,124)
Capital and reserves
Called up share capital30,00030,000
Profit and loss account(143,388)(126,124)
Shareholders' funds(113,388)(96,124)
The financial statements were approved and authorised for issue by the Board of Directors on 27 November 2024, and are signed on its behalf by:
A R Gray
Director
Registered Company No. 07586913
Thomas Stanley Limited
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Fixtures and fittings20-
Office Equipment-3
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year87
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 2339,758
At 29 February 2439,758
Depreciation and impairment
At 01 March 2333,786
Charge for year1,223
At 29 February 2435,008
Net book value
At 29 February 244,749
At 28 February 235,972
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables16,48012,405
Bank borrowings and overdrafts5,5565,556
Taxation and social security11,6349,977
Other creditors49,57748,850
Total83,24776,788
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.