Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr E C Bowcott 29/06/1991 14 March 2025 The principal activity of the Company during the financial year was the rental of storage units. 01784858 2024-06-30 01784858 bus:Director1 2024-06-30 01784858 2023-06-30 01784858 core:CurrentFinancialInstruments 2024-06-30 01784858 core:CurrentFinancialInstruments 2023-06-30 01784858 core:ShareCapital 2024-06-30 01784858 core:ShareCapital 2023-06-30 01784858 core:RetainedEarningsAccumulatedLosses 2024-06-30 01784858 core:RetainedEarningsAccumulatedLosses 2023-06-30 01784858 core:LandBuildings 2023-06-30 01784858 core:FurnitureFittings 2023-06-30 01784858 core:LandBuildings 2024-06-30 01784858 core:FurnitureFittings 2024-06-30 01784858 core:CostValuation 2023-06-30 01784858 core:CostValuation 2024-06-30 01784858 bus:OrdinaryShareClass1 2024-06-30 01784858 2023-07-01 2024-06-30 01784858 bus:FilletedAccounts 2023-07-01 2024-06-30 01784858 bus:SmallEntities 2023-07-01 2024-06-30 01784858 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 01784858 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01784858 bus:Director1 2023-07-01 2024-06-30 01784858 core:LandBuildings core:TopRangeValue 2023-07-01 2024-06-30 01784858 core:FurnitureFittings core:TopRangeValue 2023-07-01 2024-06-30 01784858 2022-07-01 2023-06-30 01784858 core:LandBuildings 2023-07-01 2024-06-30 01784858 core:FurnitureFittings 2023-07-01 2024-06-30 01784858 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 01784858 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01784858 (England and Wales)

STOCK LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

STOCK LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

STOCK LIMITED

BALANCE SHEET

As at 30 June 2024
STOCK LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 201,564 208,863
Investments 4 581 581
202,145 209,444
Current assets
Debtors 5 66,093 62,887
Cash at bank and in hand 20,004 20,739
86,097 83,626
Creditors: amounts falling due within one year 6 ( 81,733) ( 82,369)
Net current assets 4,364 1,257
Total assets less current liabilities 206,509 210,701
Net assets 206,509 210,701
Capital and reserves
Called-up share capital 7 50,000 50,000
Profit and loss account 156,509 160,701
Total shareholders' funds 206,509 210,701

For the financial 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.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Stock Limited (registered number: 01784858) were approved and authorised for issue by the Director on 14 March 2025. They were signed on its behalf by:

Mr E C Bowcott
Director
STOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
STOCK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Stock Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Fixtures and fittings 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 1

3. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 July 2023 363,410 49,651 413,061
At 30 June 2024 363,410 49,651 413,061
Accumulated depreciation
At 01 July 2023 167,600 36,598 204,198
Charge for the financial year 5,268 2,031 7,299
At 30 June 2024 172,868 38,629 211,497
Net book value
At 30 June 2024 190,542 11,022 201,564
At 30 June 2023 195,810 13,053 208,863

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 July 2023 581 581
At 30 June 2024 581 581
Carrying value at 30 June 2024 581 581
Carrying value at 30 June 2023 581 581

5. Debtors

2024 2023
£ £
Trade debtors 3,349 1,684
Other debtors 62,744 61,203
66,093 62,887

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,192 4,560
Corporation tax 9 9
Other taxation and social security 2,622 1,700
Other creditors 76,910 76,100
81,733 82,369

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50,000 Ordinary shares of £ 1.00 each 50,000 50,000