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Registered Number: 04397994
England and Wales

 

 

 

TAKING STOCK LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
Directors Patrick Stockhausen
Charlotte Stockhausen
Registered Number 04397994
Registered Office 18 Ambra Vale
Clifton Wood
Bristol
Avon
BS8 4RW
Accountants CEK Accounts Limited
Bamburgh House Apartment 1
Bamburgh Road
Westerhope
Newcastle-Upon-Tyne
NE5 5PZ
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 April 2024.
Principal activities
Principal activity of the company during the financial year was of ...
Directors
The directors who served the company throughout the year were as follows:
Shares
Patrick Stockhausen 500.00
Charlotte Stockhausen 500.00
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Patrick Stockhausen
Director

Date approved: 02 December 2024
2
Accountants report
You consider that the company is exempt from an audit for the year ended 30 April 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
CEK Accounts Limited
30 April 2024



....................................................

CEK Accounts Limited

Bamburgh House Apartment 1
Bamburgh Road
Westerhope
Newcastle-Upon-Tyne
NE5 5PZ
02 December 2024
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 89,563    89,563 
89,563    89,563 
Current assets      
Debtors 5 1,819   
Cash at bank and in hand (478)   3,193 
1,341    3,193 
Creditors: amount falling due within one year 6 (3,152)   (1,257)
Net current assets (1,811)   1,936 
 
Total assets less current liabilities 87,752    91,499 
Creditors: amount falling due after more than one year 7 (51,127)   (51,127)
Net assets 36,625    40,372 
 

Capital and reserves
     
Profit and loss account 36,625    40,372 
Shareholders' funds 36,625    40,372 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 02 December 2024 and were signed on its behalf by:


-------------------------------
Patrick Stockhausen
Director
4
  Retained Earnings   Total
£ £
At 01 May 2022 42,109  42,109 
Profit for the year (1,737) (1,737)
Total comprehensive income for the year (1,737) (1,737)
Total investments by and distributions to owners
At 30 April 2023 40,372  40,372 
At 01 May 2023 38,179  38,179 
Profit for the year (1,554) (1,554)
Total comprehensive income for the year (1,554) (1,554)
Total investments by and distributions to owners
At 30 April 2024 36,625  36,625 
5
General Information
Taking Stock Limited is a private company, limited by shares, registered in England and Wales, registration number 04397994, registration address 18 Ambra Vale, Clifton Wood, Bristol, Avon, BS8 4RW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25.5 Reducing Balance
Fixtures and Fittings 10 Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Preference shares
The company's preference shares are treated as a financial liability since they are subject to mandatory redemption for a fixed or determinable amount at a fixed or determinable time and are thus included in creditors in the statement of financial position rather than as part of the company's issued share capital.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Staff Costs

2024
£
  2023
£
Wages and salaries 18,863    25,005 
Social security costs   866 
18,863    25,871 
 
Average number of employees during the year Number   Number
Administration 1    1 
Marketing 1    1 
 

3.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 May 2023 49,084    46,707    95,791 
Additions    
Disposals    
At 30 April 2024 49,084    46,707    95,791 
Depreciation
At 01 May 2023 4,281    1,947    6,228 
Charge for year    
On disposals    
At 30 April 2024 4,281    1,947    6,228 
Net book values
Closing balance as at 30 April 2024 44,803    44,760    89,563 
Opening balance as at 01 May 2023 44,803    44,760    89,563 


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
PAYE & Social Security 1,819   
1,819   

6.

Creditors: amount falling due within one year

2024
£
  2023
£
FLEXIMIZE LOAN 1,667    1,667 
Barclaycard (410)   (410)
Corporation Tax 1,819   
Director: Patrick Stockhausen 76   
3,152    1,257 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Dividends Payable - Non-Equity 51,127    51,127 
51,127    51,127 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

6