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REGISTERED NUMBER: 10436439 (England and Wales)















STOY ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






STOY ASSOCIATES LIMITED (REGISTERED NUMBER: 10436439)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STOY ASSOCIATES LIMITED

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTORS: Dr S K Dau
H S Gill





REGISTERED OFFICE: Merrimead
Constable Road
Ilkley
West Yorkshire
LS29 8RW





REGISTERED NUMBER: 10436439 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

STOY ASSOCIATES LIMITED (REGISTERED NUMBER: 10436439)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 1,440,081 1,440,081

CURRENT ASSETS
Debtors 5 8,166 9,302
Cash at bank 181,049 149,911
189,215 159,213
CREDITORS
Amounts falling due within one year 6 (50,728 ) (100,740 )
NET CURRENT ASSETS 138,487 58,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,578,568

1,498,554

CREDITORS
Amounts falling due after more than one
year

7

(326,725

)

(373,720

)
NET ASSETS 1,251,843 1,124,834

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,251,833 1,124,824
SHAREHOLDERS' FUNDS 1,251,843 1,124,834

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

STOY ASSOCIATES LIMITED (REGISTERED NUMBER: 10436439)

BALANCE SHEET - continued
31 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 25 March 2025 and were signed on its behalf by:





H S Gill - Director


STOY ASSOCIATES LIMITED (REGISTERED NUMBER: 10436439)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024


1. STATUTORY INFORMATION

Stoy Associates 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Stoy Associates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is recognised on the supply of services to the customer excluding value added tax.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include amounts owed by group undertakings, cash and bank balances, and other debtors are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including accruals and other creditors are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

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.

STOY ASSOCIATES LIMITED (REGISTERED NUMBER: 10436439)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024


3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 1,440,081
NET BOOK VALUE
At 31 July 2024 1,440,081
At 31 July 2023 1,440,081

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,166 9,302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 46,995 43,100
Amounts owed to group undertakings 1,500 -
Taxation and social security - 6,127
Other creditors 2,233 51,513
50,728 100,740

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 326,725 373,720

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 91,852 158,457

STOY ASSOCIATES LIMITED (REGISTERED NUMBER: 10436439)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 373,720 416,820

The bank loan is secured against all business assets and the life insurance policy of the director.

9. RELATED PARTY DISCLOSURES

Loans owing to the director on an interest free basis of £763 (2023 - £23,936) were outstanding at the year end. The loan is interest free and will be repaid when funds permit.