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REGISTERED NUMBER: 01715545 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

STOCKING AFFAIR LIMITED

STOCKING AFFAIR LIMITED (REGISTERED NUMBER: 01715545)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STOCKING AFFAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: Ms K E Halder
Ms L E Halder





SECRETARY: Ms K E Halder





REGISTERED OFFICE: 12 Beastfair
Pontefract
West Yorkshire
WF8 1AW





REGISTERED NUMBER: 01715545 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

STOCKING AFFAIR LIMITED (REGISTERED NUMBER: 01715545)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 181 363
Tangible assets 5 161,180 52,860
161,361 53,223

CURRENT ASSETS
Stocks 55,851 58,366
Debtors 6 7,316 7,028
Cash at bank and in hand 499 1,929
63,666 67,323
CREDITORS
Amounts falling due within one year 7 90,619 81,269
NET CURRENT LIABILITIES (26,953 ) (13,946 )
TOTAL ASSETS LESS CURRENT LIABILITIES 134,408 39,277

CREDITORS
Amounts falling due after more than one year 8 (28,680 ) (31,859 )

PROVISIONS FOR LIABILITIES (8,046 ) -
NET ASSETS 97,682 7,418

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 9 134,556 22,734
Retained earnings (36,974 ) (15,416 )
SHAREHOLDERS' FUNDS 97,682 7,418

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.

STOCKING AFFAIR LIMITED (REGISTERED NUMBER: 01715545)

BALANCE SHEET - continued
31ST JULY 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 2nd March 2025 and were signed on its behalf by:





Ms K E Halder - Director


STOCKING AFFAIR LIMITED (REGISTERED NUMBER: 01715545)

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

1. STATUTORY INFORMATION

Stocking Affair 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised using 50% reducing balance basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance

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.

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.

STOCKING AFFAIR LIMITED (REGISTERED NUMBER: 01715545)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st August 2023
and 31st July 2024 19,495
AMORTISATION
At 1st August 2023 19,132
Charge for year 182
At 31st July 2024 19,314
NET BOOK VALUE
At 31st July 2024 181
At 31st July 2023 363

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1st August 2023 81,725 44,321 126,046
Additions - 377 377
Revaluations 115,000 - 115,000
At 31st July 2024 196,725 44,698 241,423
DEPRECIATION
At 1st August 2023 49,287 23,899 73,186
Charge for year 3,935 3,122 7,057
At 31st July 2024 53,222 27,021 80,243
NET BOOK VALUE
At 31st July 2024 143,503 17,677 161,180
At 31st July 2023 32,438 20,422 52,860

Cost or valuation at 31st July 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 1995 43,890 - 43,890
Valuation in 2024 115,000 - 115,000
Cost 37,835 44,698 82,533
196,725 44,698 241,423

STOCKING AFFAIR LIMITED (REGISTERED NUMBER: 01715545)

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

5. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 36,110 36,110
Aggregate depreciation 22,745 22,023

Value of land in freehold land and buildings 13,365 14,087

The Freehold Property was valued in 1995 on an open market value basis at £80,000 and again in 2024 on an open market value basis at 195,000. This value has been adopted as deemed cost of the assets concerned for FRS102.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 743 385
Other debtors 6,573 6,643
7,316 7,028

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 38,508 29,637
Trade creditors 30,389 35,160
Taxation and social security 8,460 5,369
Other creditors 13,262 11,103
90,619 81,269

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 28,680 31,859

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,347 10,321

9. RESERVES
Non-distributa
reserve
£   
At 1st August 2023 22,734
Transfer between reserves (3,178 )
Revaluation 115,000

At 31st July 2024 134,556

STOCKING AFFAIR LIMITED (REGISTERED NUMBER: 01715545)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review, members of key management personnel received loans from the company which are interest free and repayable on demand.

The company made advances totalling £3,147 (2023 - £2,857) and this was offset by credits totalling £2,056 (2023 - £2,076).

At the balance sheet date, the amount owed to the company was £741 (2023 - £349 credit balance and was included in other creditors) and is included within other debtors.

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £232 (2023 - £2,446) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.