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REGISTERED NUMBER: 12279028 (England and Wales)















THE STAMFORD FABRIC COMPANY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






THE STAMFORD FABRIC COMPANY LTD (REGISTERED NUMBER: 12279028)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


THE STAMFORD FABRIC COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs K L Findlay
D G Findlay





SECRETARY: Mrs K L Findlay





REGISTERED OFFICE: 1 Burghley Lane
Stamford
Lincolnshire
PE9 2LT





REGISTERED NUMBER: 12279028 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA

THE STAMFORD FABRIC COMPANY LTD (REGISTERED NUMBER: 12279028)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,073 18,763
Tangible assets 5 4,516 5,598
21,589 24,361

CURRENT ASSETS
Stocks 44,538 51,413
Debtors 6 1,495 285
Cash at bank and in hand 15,009 22,654
61,042 74,352
CREDITORS
Amounts falling due within one year 7 65,267 70,556
NET CURRENT (LIABILITIES)/ASSETS (4,225 ) 3,796
TOTAL ASSETS LESS CURRENT LIABILITIES 17,364 28,157

CREDITORS
Amounts falling due after more than one year 8 (946 ) (3,309 )

PROVISIONS FOR LIABILITIES (1,028 ) (1,238 )
NET ASSETS 15,390 23,610

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 15,388 23,608
SHAREHOLDERS' FUNDS 15,390 23,610

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 STAMFORD FABRIC COMPANY LTD (REGISTERED NUMBER: 12279028)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





Mrs K L Findlay - Director


THE STAMFORD FABRIC COMPANY LTD (REGISTERED NUMBER: 12279028)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

The Stamford Fabric Company Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of fifteen years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


THE STAMFORD FABRIC COMPANY LTD (REGISTERED NUMBER: 12279028)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 26,000
AMORTISATION
At 1 November 2023 7,237
Amortisation for year 1,690
At 31 October 2024 8,927
NET BOOK VALUE
At 31 October 2024 17,073
At 31 October 2023 18,763

THE STAMFORD FABRIC COMPANY LTD (REGISTERED NUMBER: 12279028)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 3,476 5,132 2,645 11,253
Disposals (52 ) - - (52 )
At 31 October 2024 3,424 5,132 2,645 11,201
DEPRECIATION
At 1 November 2023 1,114 2,185 2,356 5,655
Charge for year 350 442 260 1,052
Eliminated on disposal (22 ) - - (22 )
At 31 October 2024 1,442 2,627 2,616 6,685
NET BOOK VALUE
At 31 October 2024 1,982 2,505 29 4,516
At 31 October 2023 2,362 2,947 289 5,598

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,495 285

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,647 2,553
Trade creditors 3,526 5,628
Taxation and social security 2,558 5,395
Other creditors 56,536 56,980
65,267 70,556

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 946 3,309

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

THE STAMFORD FABRIC COMPANY LTD (REGISTERED NUMBER: 12279028)

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

10. OTHER FINANCIAL COMMITMENTS

The company has the following commitments due as follows:

20242023
££

Due in less than one year5,2004,750
Due between two and five years22,1001,188
Due after five years1,438-
28,7385,938