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REGISTERED NUMBER: 08190467 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Stockomendation Limited

Stockomendation Limited (Registered number: 08190467)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Stockomendation Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: P G Roberts
J Blowers
D Motum





REGISTERED OFFICE: 19 Trinity Square
Llandudno
CONWY
LL30 2RD





REGISTERED NUMBER: 08190467 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
19 Trinity Square
Llandudno
CONWY
LL30 2RD

Stockomendation Limited (Registered number: 08190467)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 1,179,172 1,050,083
Tangible assets 5 1 1
1,179,173 1,050,084

CURRENT ASSETS
Debtors 6 97,150 753
Cash at bank and in hand 35,161 29,659
132,311 30,412
CREDITORS
Amounts falling due within one year 7 (654,832 ) (241,739 )
NET CURRENT LIABILITIES (522,521 ) (211,327 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

656,652

838,757

CREDITORS
Amounts falling due after more than one year 8 210,885 252,660

CAPITAL AND RESERVES
Called up share capital 1,003 949
Share premium 1,920,527 1,855,581
Retained earnings (1,475,763 ) (1,270,433 )
SHAREHOLDERS' FUNDS 445,767 586,097
656,652 838,757

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 26 March 2025 and were signed on its behalf by:





P G Roberts - Director


Stockomendation Limited (Registered number: 08190467)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Stockomendation 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.

In the opinion of the director, the company is a going concern as it continues to research and develop its core products.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at annual rates sufficient to write off the cost of each asset over its useful life.

Intangible assets - research and development
Expenditure on pure and applied research is written off in the year in which it is incurred.

Development expenditure is written off in the year of expenditure except in the following circumstances when it is capitalised and will be amortised in future periods:

(a) there is a clearly defined project; and

(b) the related expenditure is separately identifiable; and

(c) the outcome of the project has been assessed with reasonable certainty as to:

(i) its technical feasibility; and

(ii) its ultimate commercial viability; and

(d) the aggregate of the deferred development costs, further development costs, and related selling and administration costs are reasonably expected to be exceeded by related future sales.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 April 2023 1,050,083
Additions 144,089
Disposals (15,000 )
At 31 March 2024 1,179,172
NET BOOK VALUE
At 31 March 2024 1,179,172
At 31 March 2023 1,050,083

Stockomendation Limited (Registered number: 08190467)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 April 2023
and 31 March 2024 4,095 2,338 6,433
DEPRECIATION
At 1 April 2023
and 31 March 2024 4,094 2,338 6,432
NET BOOK VALUE
At 31 March 2024 1 - 1
At 31 March 2023 1 - 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 15,061 -
Other debtors 82,089 753
97,150 753

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 9) 2,400 2,400
Trade creditors 109,008 47,640
Taxation and social security 36,029 42,449
Other creditors 507,395 149,250
654,832 241,739

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans (see note 9) 3,635 5,975
Taxation and social security 62,479 111,503
Other creditors 144,771 135,182
210,885 252,660

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 2,400 2,400
P G Roberts Loan 30,878 25,038
33,278 27,438

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,400 2,400

Stockomendation Limited (Registered number: 08190467)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. LOANS - continued
2024 2023
£ £
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,235 3,575

10. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £70,833 in respect of accrued consultancy services services owed to a director.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Stockomendation Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stockomendation Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Stockomendation Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stockomendation Limited and state those matters that we have agreed to state to the Board of Directors of Stockomendation Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stockomendation Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stockomendation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Stockomendation Limited. You consider that Stockomendation Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stockomendation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
19 Trinity Square
Llandudno
CONWY
LL30 2RD


26 March 2025