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Registered Number: 00578984
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 05 April 2024

for

F.C. STUBBINGS & SONS LIMITED

Directors Richard NIcholas Stubbings
William Anthony Stubbings
Registered Number 00578984
Registered Office Northwood Farm
Boynton
Bridlington
East Yorkshire
YO16 4XN
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 7,887,037    7,868,693 
Investments 4 4,807    4,450 
7,891,844    7,873,143 
Current assets      
Stocks 5 461,380    586,933 
Debtors 6 201,149    98,103 
Cash at bank and in hand 247,192    280,568 
909,721    965,604 
Creditors: amount falling due within one year 7 (413,759)   (293,448)
Net current assets 495,962    672,156 
 
Total assets less current liabilities 8,387,806    8,545,299 
Creditors: amount falling due after more than one year 8 (385,558)   (740,991)
Provisions for liabilities 9 (204,402)   (152,533)
Net assets 7,797,846    7,651,775 
 

Capital and reserves
     
Called up share capital 20,000    20,000 
Reserves 10 5,050,082    5,050,082 
Profit and loss account 2,727,764    2,581,693 
Shareholders' funds 7,797,846    7,651,775 
 


For the year ended 05 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 20 December 2024 and were signed on its behalf by:


-------------------------------
William Anthony Stubbings
Director
2
General Information
F.C. Stubbings & Sons Limited is a private company, limited by shares, registered in England and Wales, registration number 00578984, registration address Northwood Farm, Boynton, Bridlington , East Yorkshire , YO16 4XN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Land and Buildings 0% Reducing Balance
Plant and Machinery 10% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
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.
2.

Average number of employees

Average number of employees during the year was 4 (2023 : 4).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £   £
At 06 April 2023 7,303,633    776,990    778,195    1,370    8,860,188 
Additions   6,100    159,000      165,100 
Disposals   (2,000)   (106,750)     (108,750)
At 05 April 2024 7,303,633    781,090    830,445    1,370    8,916,538 
Depreciation
At 06 April 2023 233,784    309,800    446,740    1,171    991,495 
Charge for year   47,156    77,695    67    124,918 
On disposals   (838)   (86,074)     (86,912)
At 05 April 2024 233,784    356,118    438,361    1,238    1,029,501 
Net book values
Closing balance as at 05 April 2024 7,069,849    424,972    392,084    132    7,887,037 
Opening balance as at 06 April 2023 7,069,849    467,190    331,455    199    7,868,693 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 06 April 2023 4,450    4,450 
Additions 357    357 
Transfer to/from tangible fixed assets  
Disposals  
At 05 April 2024 4,807    4,807 

5.

Stocks

2024
£
  2023
£
Stocks 461,380    586,933 
461,380    586,933 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 168,748    57,493 
Prepayments & Accrued Income 6,973    8,775 
VAT 25,428    31,835 
201,149    98,103 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 232,776    58,780 
Corporation Tax 60,368    77,536 
PAYE & Social Security 2,296    2,337 
Accrued Expenses 41,391    60,865 
Other Creditors   1,159 
Obligations under HP/Financial Leases 33,622    42,745 
Directors' Current Accounts 43,306    50,026 
413,759    293,448 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 350,991    700,991 
Obligations Under HP/Financial Leases 34,567    40,000 
385,558    740,991 

9.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 152,437    156,565 
Charged to Profit & Loss 51,860    (4,128)
Pension Provisions 105    96 
204,402    152,533 

10.

Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd 5,050,082    5,050,082 
5,050,082    5,050,082 

3