Company Registration No. 08561673 (England and Wales)
Deadstock MFG. CO. LTD.
Unaudited accounts
for the year ended 30 June 2024
Deadstock MFG. CO. LTD.
Unaudited accounts
Contents
Deadstock MFG. CO. LTD.
Company Information
for the year ended 30 June 2024
Directors
L Jackson
D Brown
Company Number
08561673 (England and Wales)
Registered Office
46 Edge Street
Manchester
M4 1HN
Accountants
Thursfields Accountancy Limited
Business Lodge, Trent House
234 Victoria Road
Stoke-on-Trent
Staffordshire
ST4 2LW
Deadstock MFG. CO. LTD.
Statement of financial position
as at 30 June 2024
Tangible assets
7,456
7,240
Cash at bank and in hand
69,636
59,503
Creditors: amounts falling due within one year
(37,111)
(23,924)
Net current assets
113,098
87,378
Total assets less current liabilities
120,554
94,618
Provisions for liabilities
Deferred tax
(1,613)
(1,549)
Called up share capital
100
100
Profit and loss account
118,841
92,969
Shareholders' funds
118,941
93,069
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by
L Jackson
Director
Company Registration No. 08561673
Deadstock MFG. CO. LTD.
Notes to the Accounts
for the year ended 30 June 2024
Deadstock MFG. CO. LTD. is a private company, limited by shares, registered in England and Wales, registration number 08561673. The registered office is 46 Edge Street, Manchester, M4 1HN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance
Fixtures & fittings
18% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Deadstock MFG. CO. LTD.
Notes to the Accounts
for the year ended 30 June 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Total
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
0% Interest repayable on demand loan
-
6,787
-
6,787
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Average number of employees
During the year the average number of employees was 3 (2023: 1).