Registered number
11227984
Stockley Environmental Limited
Filleted Accounts
30 April 2024
Stockley Environmental Limited
Registered number: 11227984
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 39,703 118,234
Tangible assets 4 41,952 93,614
Investments 5 100 100
81,755 211,948
Current assets
Debtors 6 356,522 636,206
Cash at bank and in hand 870 27,330
357,392 663,536
Creditors: amounts falling due within one year 7 (349,044) (659,306)
Net current assets 8,348 4,230
Total assets less current liabilities 90,103 216,178
Creditors: amounts falling due after more than one year 8 (6,112) (19,683)
Net assets 83,991 196,495
Capital and reserves
Called up share capital 100 100
Profit and loss account 83,891 196,395
Shareholders' funds 83,991 196,495
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John Sweeney
Director
Approved by the board on 6 March 2025
Stockley Environmental Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible assets acquired separately from a business are recognised at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Software development over 5 years
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Computers over 5 years
Motor vehicles over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 3
3 Intangible fixed assets £
Patents and goodwill:
Cost
At 1 May 2023 153,438
Additions 63,117
Disposals (158,575)
At 30 April 2024 57,980
Amortisation
At 1 May 2023 35,204
Provided during the year 8,479
On disposals (25,406)
At 30 April 2024 18,277
Net book value
At 30 April 2024 39,703
At 30 April 2023 118,234
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 267,789
Additions 1,178
Disposals (160,581)
At 30 April 2024 108,386
Depreciation
At 1 May 2023 174,175
Charge for the year 21,213
On disposals (128,954)
At 30 April 2024 66,434
Net book value
At 30 April 2024 41,952
At 30 April 2023 93,614
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 May 2023 100
At 30 April 2024 100
6 Debtors 2024 2023
£ £
Trade debtors 2,938 184,364
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 288,170
Other debtors 353,584 163,672
356,522 636,206
7 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 5,897 -
Trade creditors 62,399 589,972
Amounts owed to group undertakings and undertakings in which the company has a participating interest 255,019 -
Taxation and social security costs 25,729 9,109
Other creditors - 60,225
349,044 659,306
8 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 6,112 -
Other creditors - 19,683
6,112 19,683
9 Other information
Stockley Environmental Limited is a private company limited by shares and incorporated in England. Its registered office is:
166 College Road
Harrow
HA1 1RA
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