Company registration number 08403503 (England and Wales)
J STAMP & SONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
J STAMP & SONS LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
J STAMP & SONS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
437,177
508,310
Current assets
Stocks
15,150
16,216
Debtors
5
258,423
271,742
Cash at bank and in hand
511,013
609,392
784,586
897,350
Creditors: amounts falling due within one year
6
(223,759)
(235,068)
Net current assets
560,827
662,282
Total assets less current liabilities
998,004
1,170,592
Creditors: amounts falling due after more than one year
7
-
0
(225,692)
Provisions for liabilities
(54,829)
(72,882)
Net assets
943,175
872,018
Capital and reserves
Called up share capital
200
200
Revaluation reserve
8
2,933
3,556
Profit and loss reserves
940,042
868,262
Total equity
943,175
872,018

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial 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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

J STAMP & SONS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 11 September 2024 and are signed on its behalf by:
Mr D J Stamp
Director
Company registration number 08403503 (England and Wales)
J STAMP & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

J Stamp & Sons Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Chestnuts, 15 Kettering Road, Market Harborough, Leicestershire, LE16 8AN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
20% straight line from completion of improvements
Fixtures, fittings & equipment
15% reducing balance
Computer equipment
33.33% straight line & 100% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

J STAMP & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials only.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

J STAMP & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 35 (2023 - 36).

2024
2023
Number
Number
Total
35
36
4
Tangible fixed assets
Leasehold improvements
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2023
241,529
95,656
39,542
665,785
1,042,512
Additions
-
0
4,841
4,840
42,990
52,671
Disposals
-
0
-
0
-
0
(76,295)
(76,295)
At 30 April 2024
241,529
100,497
44,382
632,480
1,018,888
Depreciation and impairment
At 1 May 2023
106,109
52,774
30,793
344,526
534,202
Depreciation charged in the year
18,371
7,154
6,755
77,771
110,051
Eliminated in respect of disposals
-
0
-
0
-
0
(62,542)
(62,542)
At 30 April 2024
124,480
59,928
37,548
359,755
581,711
Carrying amount
At 30 April 2024
117,049
40,569
6,834
272,725
437,177
At 30 April 2023
135,420
42,882
8,749
321,259
508,310
J STAMP & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
126,200
148,951
Other debtors
132,223
122,791
258,423
271,742
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
28,058
Trade creditors
31,128
11,311
Corporation tax
135,480
133,356
Other taxation and social security
3,850
4,267
Other creditors
53,301
58,076
223,759
235,068
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
225,692

 

8
Revaluation reserve
2024
2023
£
£
At the beginning of the year
3,556
4,213
Transfer to retained earnings
(623)
(657)
At the end of the year
2,933
3,556

A transfer for excess deprecation from the revaluation reserve to retained earnings has been made, any surplus revaluation reserve has been transferred to retained earnings upon disposal of the assets.

9
Parent company

The company has no controlling party.

2024-04-302023-05-01false11 September 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr D J StampMr J M Stampfalsefalse084035032023-05-012024-04-30084035032024-04-30084035032023-04-3008403503core:LeaseholdImprovements2024-04-3008403503core:FurnitureFittings2024-04-3008403503core:ComputerEquipment2024-04-3008403503core:MotorVehicles2024-04-3008403503core:LeaseholdImprovements2023-04-3008403503core:FurnitureFittings2023-04-3008403503core:ComputerEquipment2023-04-3008403503core:MotorVehicles2023-04-3008403503core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3008403503core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3008403503core:Non-currentFinancialInstrumentscore:AfterOneYear2024-04-3008403503core:Non-currentFinancialInstrumentscore:AfterOneYear2023-04-3008403503core:CurrentFinancialInstruments2024-04-3008403503core:CurrentFinancialInstruments2023-04-3008403503core:ShareCapital2024-04-3008403503core:ShareCapital2023-04-3008403503core:RevaluationReserve2024-04-3008403503core:RevaluationReserve2023-04-3008403503core:RetainedEarningsAccumulatedLosses2024-04-3008403503core:RetainedEarningsAccumulatedLosses2023-04-3008403503core:RevaluationReserve2023-04-3008403503core:RevaluationReserve2022-04-3008403503bus:Director12023-05-012024-04-3008403503core:LeaseholdImprovements2023-05-012024-04-3008403503core:FurnitureFittings2023-05-012024-04-3008403503core:ComputerEquipment2023-05-012024-04-3008403503core:MotorVehicles2023-05-012024-04-30084035032022-05-012023-04-3008403503core:LeaseholdImprovements2023-04-3008403503core:FurnitureFittings2023-04-3008403503core:ComputerEquipment2023-04-3008403503core:MotorVehicles2023-04-30084035032023-04-3008403503core:WithinOneYear2024-04-3008403503core:WithinOneYear2023-04-3008403503core:Non-currentFinancialInstruments2024-04-3008403503core:Non-currentFinancialInstruments2023-04-3008403503core:RevaluationReserve2023-05-012024-04-3008403503core:RevaluationReserve2022-05-012023-04-3008403503bus:PrivateLimitedCompanyLtd2023-05-012024-04-3008403503bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008403503bus:FRS1022023-05-012024-04-3008403503bus:AuditExemptWithAccountantsReport2023-05-012024-04-3008403503bus:Director22023-05-012024-04-3008403503bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP