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REGISTERED NUMBER: 01255860 (England and Wales)















STUBBINS & WILLIAMSON LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024






STUBBINS & WILLIAMSON LIMITED (REGISTERED NUMBER: 01255860)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


STUBBINS & WILLIAMSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: T H Stubbins
G Stubbins
R J Stubbins
N J Stubbins





SECRETARY: T H Stubbins





REGISTERED OFFICE: Glenrock
Victoria Road
Scunthorpe
North Lincolnshire
DN16 2SA





REGISTERED NUMBER: 01255860 (England and Wales)





ACCOUNTANTS: Clark Hearsey
Chartered Certified Accountants
Fairfield Enterprise Centre
Lincoln Way
Fairfield Industrial Estate
Louth
Lincolnshire
LN11 0LS

STUBBINS & WILLIAMSON LIMITED (REGISTERED NUMBER: 01255860)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,910 4,600
Investment property 5 820,000 820,000
823,910 824,600

CURRENT ASSETS
Debtors 6 60,081 34,053
Cash at bank and in hand 17,164 56,421
77,245 90,474
CREDITORS
Amounts falling due within one year 7 13,066 17,254
NET CURRENT ASSETS 64,179 73,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

888,089

897,820

CAPITAL AND RESERVES
Called up share capital 900 900
Revaluation reserve 8 555,766 555,766
Retained earnings 331,423 341,154
SHAREHOLDERS' FUNDS 888,089 897,820

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

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

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 30th January 2025 and were signed on its behalf by:



T H Stubbins - Director


STUBBINS & WILLIAMSON LIMITED (REGISTERED NUMBER: 01255860)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Stubbins & Williamson 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 15% 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.

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.

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 4 (2023 - 4 ) .

STUBBINS & WILLIAMSON LIMITED (REGISTERED NUMBER: 01255860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st August 2023
and 31st July 2024 5,413
DEPRECIATION
At 1st August 2023 813
Charge for year 690
At 31st July 2024 1,503
NET BOOK VALUE
At 31st July 2024 3,910
At 31st July 2023 4,600

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023
and 31st July 2024 820,000
NET BOOK VALUE
At 31st July 2024 820,000
At 31st July 2023 820,000

Fair value at 31st July 2024 is represented by:
£   
Valuation in 2006 271,636
Valuation in 2007 5,000
Valuation in 2017 (870 )
Valuation in 2023 280,000
Cost 264,234
820,000

If the properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 264,234 264,234

The investment properties were valued on an open market basis on 31st July 2024 by Mr T H Stubbins, a director .

STUBBINS & WILLIAMSON LIMITED (REGISTERED NUMBER: 01255860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,465 2,066
Other debtors 53,616 31,987
60,081 34,053

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,009 14,210
Taxation and social security 3,897 410
Other creditors 3,160 2,634
13,066 17,254

8. RESERVES
Revaluation
reserve
£   
At 1st August 2023
and 31st July 2024 555,766

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st July 2024 and 31st July 2023:

2024 2023
£    £   
T H Stubbins
Balance outstanding at start of year 22,770 21,686
Amounts advanced 11,546 1,084
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,316 22,770

G Stubbins
Balance outstanding at start of year - 465
Amounts advanced - 23
Amounts repaid - (488 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

STUBBINS & WILLIAMSON LIMITED (REGISTERED NUMBER: 01255860)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

R J Stubbins
Balance outstanding at start of year 55 -
Amounts advanced 150 55
Amounts repaid (205 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 55

10. ULTIMATE CONTROLLING PARTY

The company was under the control of T H Stubbins, a director, throughout this and the previous year.