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REGISTERED NUMBER: 10096733 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2024

FOR

WILLIAM STOVELL DEVELOPMENTS LIMITED

WILLIAM STOVELL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10096733)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLIAM STOVELL DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 APRIL 2024







DIRECTORS: W D Stovell
D A J Stovell





SECRETARY: Mrs T A Stovell





REGISTERED OFFICE: The Old Toll House
Mare Hill Road
Pulborough
West Sussex
RH20 2DY





REGISTERED NUMBER: 10096733 (England and Wales)





ACCOUNTANTS: Sophic Finance Ltd
Chartered Accountants
Little Coombe
Longfield Road
Dorking
Surrey
RH4 3DE

WILLIAM STOVELL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10096733)

BALANCE SHEET
29 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,312 39,417

CURRENT ASSETS
Debtors 5 45,159 41,857
Cash at bank 15,102 21,723
60,261 63,580
CREDITORS
Amounts falling due within one year 6 51,301 38,974
NET CURRENT ASSETS 8,960 24,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,272

64,023

CREDITORS
Amounts falling due after more than one
year

7

29,820

39,852
NET ASSETS 452 24,171

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 352 24,071
SHAREHOLDERS' FUNDS 452 24,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 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.

WILLIAM STOVELL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10096733)

BALANCE SHEET - continued
29 APRIL 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 24 January 2025 and were signed on its behalf by:





W D Stovell - Director


WILLIAM STOVELL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10096733)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024

1. STATUTORY INFORMATION

William Stovell Developments 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.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost and over the term of the lease
Computer equipment - Straight line over 3 years

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

WILLIAM STOVELL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10096733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 30 April 2023
and 29 April 2024 3,200 72,423 716 76,339
DEPRECIATION
At 30 April 2023 3,200 33,006 716 36,922
Charge for year - 18,105 - 18,105
At 29 April 2024 3,200 51,111 716 55,027
NET BOOK VALUE
At 29 April 2024 - 21,312 - 21,312
At 29 April 2023 - 39,417 - 39,417

The net book value of tangible fixed assets includes £ 21,312 (2023 - £ 10,997 ) in respect of assets held under finance leases.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts recoverable on contract 17,436 34,350
Directors' current accounts 27,723 6,950
VAT - 557
45,159 41,857

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,817 6,485
Finance leases 3,215 3,215
Trade creditors - 8,647
Corporation tax 25,411 8,503
Social security and other taxes 9,406 8,433
VAT 1,572 -
Other creditors - 226
Directors' current accounts - 1,265
Accrued expenses 4,880 2,200
51,301 38,974

WILLIAM STOVELL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10096733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 669 7,485
Finance leases 29,151 32,367
29,820 39,852

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 April 2024 and 29 April 2023:

2024 2023
£    £   
W D Stovell
Balance outstanding at start of year 6,950 -
Amounts advanced 71,249 6,950
Amounts repaid (58,503 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,696 6,950

D A J Stovell
Balance outstanding at start of year - -
Amounts advanced 62,485 -
Amounts repaid (54,457 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,028 -

9. RELATED PARTY DISCLOSURES

The company paid £10,000 (2023 - £21,762) to a director in subcontractor fees.