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REGISTERED NUMBER: 00856904 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Stourbridge Paving Company Ltd

Stourbridge Paving Company Ltd (Registered number: 00856904)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stourbridge Paving Company Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: P S Taylor
Mrs S Wink
J W Taylor





SECRETARY: Mrs C Taylor





REGISTERED OFFICE: 93 Chapel Street
Dudley
West Midlands
DY2 9PN





REGISTERED NUMBER: 00856904 (England and Wales)






Stourbridge Paving Company Ltd (Registered number: 00856904)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 356,846 317,734
Investment property 5 180,000 180,000
536,846 497,734

CURRENT ASSETS
Stocks 172,027 187,482
Debtors 6 168,349 334,387
Cash at bank 691,618 392,482
1,031,994 914,351
CREDITORS
Amounts falling due within one year 7 385,461 245,070
NET CURRENT ASSETS 646,533 669,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,183,379

1,167,015

PROVISIONS FOR LIABILITIES 70,336 68,515
NET ASSETS 1,113,043 1,098,500

CAPITAL AND RESERVES
Called up share capital 8 1,002 1,002
Revaluation reserve 53,192 53,192
Retained earnings 1,058,849 1,044,306
SHAREHOLDERS' FUNDS 1,113,043 1,098,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Stourbridge Paving Company Ltd (Registered number: 00856904)

Balance Sheet - continued
31 July 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





P S Taylor - Director


Stourbridge Paving Company Ltd (Registered number: 00856904)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Stourbridge Paving Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
a) the requirements of Section 7 Statement of Cash Flows.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Stourbridge Paving Company Ltd (Registered number: 00856904)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023 198,501 611,959 14,745 25,295 850,500
Additions - 115,000 - - 115,000
At 31 July 2024 198,501 726,959 14,745 25,295 965,500
DEPRECIATION
At 1 August 2023 21,283 472,752 13,436 25,295 532,766
Charge for year 3,658 71,614 616 - 75,888
At 31 July 2024 24,941 544,366 14,052 25,295 608,654
NET BOOK VALUE
At 31 July 2024 173,560 182,593 693 - 356,846
At 31 July 2023 177,218 139,207 1,309 - 317,734

Stourbridge Paving Company Ltd (Registered number: 00856904)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 180,000
NET BOOK VALUE
At 31 July 2024 180,000
At 31 July 2023 180,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2019 180,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 86,808 86,808

The investment property was valued on an open market basis on 21 September 2018 by Wakemans Estate Agents .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 163,994 330,432
Other debtors 4,355 3,955
168,349 334,387

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 270,991 92,095
Taxation and social security 94,945 131,758
Other creditors 19,525 21,217
385,461 245,070

Stourbridge Paving Company Ltd (Registered number: 00856904)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1,002 Ordinary £1 1,002 1,002

9. ULTIMATE CONTROLLING PARTY

The controlling party is P S Taylor.