IRIS Accounts Production v24.3.2.46 01110384 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011103842023-08-31011103842024-08-31011103842023-09-012024-08-31011103842022-08-31011103842022-09-012023-08-31011103842023-08-3101110384ns15:EnglandWales2023-09-012024-08-3101110384ns14:PoundSterling2023-09-012024-08-3101110384ns10:Director12023-09-012024-08-3101110384ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3101110384ns10:SmallEntities2023-09-012024-08-3101110384ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3101110384ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3101110384ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3101110384ns10:FullAccounts2023-09-012024-08-3101110384ns10:Director22023-09-012024-08-3101110384ns10:RegisteredOffice2023-09-012024-08-3101110384ns5:CurrentFinancialInstruments2024-08-3101110384ns5:CurrentFinancialInstruments2023-08-3101110384ns5:Non-currentFinancialInstruments2024-08-3101110384ns5:Non-currentFinancialInstruments2023-08-3101110384ns5:ShareCapital2024-08-3101110384ns5:ShareCapital2023-08-3101110384ns5:CapitalRedemptionReserve2024-08-3101110384ns5:CapitalRedemptionReserve2023-08-3101110384ns5:RetainedEarningsAccumulatedLosses2024-08-3101110384ns5:RetainedEarningsAccumulatedLosses2023-08-3101110384ns5:LandBuildings2023-09-012024-08-3101110384ns5:PlantMachinery2023-09-012024-08-3101110384ns5:LandBuildings2023-08-3101110384ns5:PlantMachinery2023-08-3101110384ns5:LandBuildings2024-08-3101110384ns5:PlantMachinery2024-08-3101110384ns5:LandBuildings2023-08-3101110384ns5:PlantMachinery2023-08-3101110384ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3101110384ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 01110384 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Storey's Limited

Storey's Limited (Registered number: 01110384)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Storey's Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: T Kingswood
E J Kingswood





REGISTERED OFFICE: 1 & 3 Cecil Court
Charing Cross Road
London
WC2N 4EZ





REGISTERED NUMBER: 01110384 (England and Wales)





ACCOUNTANTS: Amherst Accountancy
Room 2
1st Floor
7 Bligh's Walk
Sevenoaks
Kent
TN13 1DB

Storey's Limited (Registered number: 01110384)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,100 12,891

CURRENT ASSETS
Stocks 145,566 124,113
Debtors 5 10,998 12,794
Cash at bank and in hand 294,540 286,125
451,104 423,032
CREDITORS
Amounts falling due within one year 6 40,348 35,043
NET CURRENT ASSETS 410,756 387,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,856

400,880

CREDITORS
Amounts falling due after more than
one year

7

18,811

28,801
NET ASSETS 402,045 372,079

CAPITAL AND RESERVES
Called up share capital 2,500 2,500
Capital redemption reserve 7,500 7,500
Retained earnings 392,045 362,079
SHAREHOLDERS' FUNDS 402,045 372,079

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Storey's Limited (Registered number: 01110384)

Balance Sheet - continued
31 August 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 8 January 2025 and were signed on its behalf by:





E J Kingswood - Director


Storey's Limited (Registered number: 01110384)

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

1. STATUTORY INFORMATION

Storey's Limited 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.

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.

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.
Land and buildings - 25% on cost and 10% on cost
Plant and machinery etc - 20% on reducing balance and at varying rates on cost

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.

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.

Storey's Limited (Registered number: 01110384)

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

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 9,544 71,059 80,603
Additions - 570 570
At 31 August 2024 9,544 71,629 81,173
DEPRECIATION
At 1 September 2023 9,543 58,169 67,712
Charge for year - 3,361 3,361
At 31 August 2024 9,543 61,530 71,073
NET BOOK VALUE
At 31 August 2024 1 10,099 10,100
At 31 August 2023 1 12,890 12,891

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 10,998 12,794

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 4,830 3,230
Taxation and social security 19,279 22,363
Other creditors 16,239 9,450
40,348 35,043

Storey's Limited (Registered number: 01110384)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 18,811 28,801

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T Kingswood.