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Company No: 00600023 (England and Wales)

STANTONS (WEYBRIDGE) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH THE REGISTRAR

STANTONS (WEYBRIDGE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024

Contents

STANTONS (WEYBRIDGE) LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
STANTONS (WEYBRIDGE) LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
DIRECTORS P Fitzpatrick
T M Stanton
SECRETARY T M Stanton
REGISTERED OFFICE Canal Bridge Byfleet Road
New Haw
Weybridge
KT15 3JE
United Kingdom
COMPANY NUMBER 00600023 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
STANTONS (WEYBRIDGE) LIMITED

BALANCE SHEET

AS AT 31 MARCH 2024
STANTONS (WEYBRIDGE) LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2024
Note 31.03.2024 31.03.2023
£ £
Fixed assets
Tangible assets 3 3,433,187 3,461,661
3,433,187 3,461,661
Current assets
Stocks 118,427 128,450
Debtors 4 1,454,526 1,439,603
Cash at bank and in hand 5 74,831 121,453
1,647,784 1,689,506
Creditors: amounts falling due within one year 6 ( 317,555) ( 358,264)
Net current assets 1,330,229 1,331,242
Total assets less current liabilities 4,763,416 4,792,903
Provision for liabilities 7, 8 ( 4,066) ( 7,717)
Net assets 4,759,350 4,785,186
Capital and reserves
Called-up share capital 7,650 7,650
Revaluation reserve 2,132,989 2,132,989
Capital redemption reserve 468,797 468,797
Profit and loss account 2,149,914 2,175,750
Total shareholder's funds 4,759,350 4,785,186

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Stantons (Weybridge) Limited (registered number: 00600023) were approved and authorised for issue by the Board of Directors on 25 March 2025. They were signed on its behalf by:

T M Stanton
Director
STANTONS (WEYBRIDGE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
STANTONS (WEYBRIDGE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 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

Stantons (Weybridge) 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 Canal Bridge Byfleet Road, New Haw, Weybridge, KT15 3JE, 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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

31.03.2024 31.03.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 10

3. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 April 2023 3,500,000 718,321 214,956 131,017 4,564,294
Disposals 0 0 ( 19,060) 0 ( 19,060)
At 31 March 2024 3,500,000 718,321 195,896 131,017 4,545,234
Accumulated depreciation
At 01 April 2023 91,471 712,278 167,951 130,933 1,102,633
Charge for the financial year 15,000 1,511 11,688 21 28,220
Disposals 0 0 ( 18,806) 0 ( 18,806)
At 31 March 2024 106,471 713,789 160,833 130,954 1,112,047
Net book value
At 31 March 2024 3,393,529 4,532 35,063 63 3,433,187
At 31 March 2023 3,408,529 6,043 47,005 84 3,461,661

4. Debtors

31.03.2024 31.03.2023
£ £
Trade debtors 41,773 52,994
Amounts owed by Group undertakings 194,583 217,147
Amounts owed by directors 859,150 831,071
Prepayments 97,680 80,772
Other debtors 261,340 257,619
1,454,526 1,439,603

5. Cash and cash equivalents

31.03.2024 31.03.2023
£ £
Cash at bank and in hand 74,831 121,453

6. Creditors: amounts falling due within one year

31.03.2024 31.03.2023
£ £
Trade creditors 200,548 198,654
Accruals 11,525 12,144
Taxation and social security 79,432 119,135
Obligations under finance leases and hire purchase contracts 0 9,424
Other creditors 26,050 18,907
317,555 358,264

7. Provision for liabilities

31.03.2024 31.03.2023
£ £
Deferred tax 4,066 7,717

8. Deferred tax

31.03.2024 31.03.2023
£ £
At the beginning of financial year ( 7,717) ( 11,631)
Credited to the Statement of Income and Retained Earnings 3,651 3,914
At the end of financial year ( 4,066) ( 7,717)