Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31true2023-08-01truetruetruefalseManufacture of sugar confectioneryfalse6053true 06847256 2023-08-01 2024-07-31 06847256 2022-08-01 2023-07-31 06847256 2024-07-31 06847256 2023-07-31 06847256 1 2023-08-01 2024-07-31 06847256 d:Director2 2023-08-01 2024-07-31 06847256 c:Buildings c:ShortLeaseholdAssets 2023-08-01 2024-07-31 06847256 c:Buildings c:ShortLeaseholdAssets 2024-07-31 06847256 c:Buildings c:ShortLeaseholdAssets 2023-07-31 06847256 c:PlantMachinery 2023-08-01 2024-07-31 06847256 c:PlantMachinery 2024-07-31 06847256 c:PlantMachinery 2023-07-31 06847256 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 06847256 c:MotorVehicles 2023-08-01 2024-07-31 06847256 c:MotorVehicles 2024-07-31 06847256 c:MotorVehicles 2023-07-31 06847256 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 06847256 c:FurnitureFittings 2023-08-01 2024-07-31 06847256 c:FurnitureFittings 2024-07-31 06847256 c:FurnitureFittings 2023-07-31 06847256 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 06847256 c:ComputerEquipment 2023-08-01 2024-07-31 06847256 c:ComputerEquipment 2024-07-31 06847256 c:ComputerEquipment 2023-07-31 06847256 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 06847256 c:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 06847256 c:Goodwill 2023-08-01 2024-07-31 06847256 c:Goodwill 2024-07-31 06847256 c:Goodwill 2023-07-31 06847256 c:CurrentFinancialInstruments 2024-07-31 06847256 c:CurrentFinancialInstruments 2023-07-31 06847256 c:CurrentFinancialInstruments c:WithinOneYear 2024-07-31 06847256 c:CurrentFinancialInstruments c:WithinOneYear 2023-07-31 06847256 c:ShareCapital 2024-07-31 06847256 c:ShareCapital 2023-07-31 06847256 c:RetainedEarningsAccumulatedLosses 2024-07-31 06847256 c:RetainedEarningsAccumulatedLosses 2023-07-31 06847256 c:AcceleratedTaxDepreciationDeferredTax 2024-07-31 06847256 c:AcceleratedTaxDepreciationDeferredTax 2023-07-31 06847256 c:TaxLossesCarry-forwardsDeferredTax 2024-07-31 06847256 c:TaxLossesCarry-forwardsDeferredTax 2023-07-31 06847256 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-08-01 2024-07-31 06847256 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-07-31 06847256 d:FRS102 2023-08-01 2024-07-31 06847256 d:Audited 2023-08-01 2024-07-31 06847256 d:FullAccounts 2023-08-01 2024-07-31 06847256 d:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06847256 d:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06847256 4 2023-08-01 2024-07-31 06847256 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 06847256










STOCKLEYS SWEETS LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
STOCKLEYS SWEETS LIMITED
REGISTERED NUMBER: 06847256

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
1,000
1,000

Tangible assets
 6 
533,330
630,157

  
534,330
631,157

Current assets
  

Stocks
 7 
496,081
464,905

Debtors: amounts falling due within one year
 8 
1,483,949
1,564,444

Cash at bank and in hand
  
313,946
239,562

  
2,293,976
2,268,911

Creditors: amounts falling due within one year
 9 
(1,371,514)
(1,568,868)

Net current assets
  
 
 
922,462
 
 
700,043

Total assets less current liabilities
  
1,456,792
1,331,200

Provisions for liabilities
  

Deferred tax
 10 
(119,431)
(133,984)

Other provisions
  
(250,000)
-

Net assets
  
1,087,361
1,197,216


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,087,360
1,197,215

  
1,087,361
1,197,216


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2025.




Page 1

 
STOCKLEYS SWEETS LIMITED
REGISTERED NUMBER: 06847256
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

G Connah
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
STOCKLEYS SWEETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Stockley Sweets Limited is a private company limited by shares, incorporated in England and Wales
(registered number: 06847256). Its registered office address is Mitre House Duttons Way, Shadsworth
Business Park, Blackburn, BB1 2QR. The principal activity of the Company throughout the year continued
to be that of the manufacture of confectionery.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Confections Limited as at 31 July 2024 and these financial statements may be obtained from Companies House.

 
2.3

Going concern

The directors have made an assessment of the Company's ability to continue as a going concern for a period of at least 12 months from the date on which the financial statements were approved for release. As a result of their assessment, they consider that the company is able to continue to operate as a going concern and that it is appropriate to prepare the financial statements on a going concern basis.
The directors have also indicated their intention to continue supporting the Company for the foreseeable future and therefore it is considered a going concern.

Page 3

 
STOCKLEYS SWEETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

 
2.7

Borrowing costs

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

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
STOCKLEYS SWEETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date.

 
2.10

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.11

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Plant and machinery are subsequently carried at fair value, based on periodic valuations by the Directors. These revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period. Changes in fair value are recognised in other comprehensive income.

Page 5

 
STOCKLEYS SWEETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)


2.12
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
15 years straight line
Plant and machinery
-
10-15% reducing balance
Motor vehicles
-
4 years straight line
Fixtures and fittings
-
15% reducing balance
Computer equipment
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
STOCKLEYS SWEETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

  
2.16

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets and liabilities are offset, and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.17

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.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing these financial statements, the directors have had to make the following judgements:

Determine whether there are indicators of impairment of the company's tangible and intangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash generating unit, the viability and expected future performance of that unit

Under the revaluation model, an item of plant and equipment whose fair value can be measured reliably shall be carried at a revalued amount, being its fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations shall be made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.

Determine whether leases entered by the Company either as a lessor or lessee are operating leases or finance leases. These decisions depend on the assessment of whether the risk and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

Determine whether stock balances are valued correctly, which is required and is based on up to date trading information. The directors use their knowledge of the business, the trading environment and future projections to assess whether provision is necessary in these areas.. 

Page 7

 
STOCKLEYS SWEETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Employees

The average monthly number of employees, including directors, during the year was 60 (2023 - 53).


5.


Intangible assets




Goodwill

£



Cost


At 1 August 2023
1,000



At 31 July 2024

1,000






Net book value



At 31 July 2024
1,000



At 31 July 2023
1,000


Page 8

 
STOCKLEYS SWEETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost


At 1 August 2023
99,538
1,118,131
42,600
85,993
81,859
1,428,121


Additions
-
57,941
-
-
13,106
71,047


Disposals
-
(33,540)
(42,600)
-
-
(76,140)



At 31 July 2024

99,538
1,142,532
-
85,993
94,965
1,423,028



Depreciation


At 1 August 2023
88,913
602,957
2,098
46,626
57,370
797,964


Charge for the year on owned assets
6,573
76,590
7,264
6,032
4,637
101,096


Disposals
-
-
(9,362)
-
-
(9,362)



At 31 July 2024

95,486
679,547
-
52,658
62,007
889,698



Net book value



At 31 July 2024
4,052
462,985
-
33,335
32,958
533,330



At 31 July 2023
10,625
515,174
40,502
39,367
24,489
630,157


7.


Stocks

2024
2023
£
£

Raw materials
244,211
278,741

Work in progress
36,904
55,002

Finished goods and goods for resale
214,966
131,162

496,081
464,905








Page 9

 
STOCKLEYS SWEETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Debtors

2024
2023
£
£


Trade debtors
1,222,090
1,233,927

Amounts owed by group undertakings
153,007
224,882

Prepayments and accrued income
108,852
105,635

1,483,949
1,564,444


Amounts owed by group undertakings are interest free and repayable on demand.


9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
1,024

Trade creditors
347,031
486,512

Amounts owed to group undertakings
695,741
772,817

Corporation tax
4,767
2,883

Other taxation and social security
257,110
226,466

Obligations under finance lease and hire purchase contracts
124
124

Other creditors
37,475
18,384

Accruals and deferred income
29,266
60,658

1,371,514
1,568,868


Amounts owed to group undertakings are interest free and repayable on demand.
The Company is subject to an unlimited multilateral guarantee in respect of fellow group companies.















Page 10

 
STOCKLEYS SWEETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Deferred taxation




2024


£






At beginning of year
133,984


Utilised in year
14,553



At end of year
119,431

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(120,756)
(134,674)

Tax losses carried forward
1,325
690

(119,431)
(133,984)


11.


Provisions




Dilapidation provision

£





Charged to profit or loss
250,000



At 31 July 2024
250,000


12.


Related party transactions

The company has taken advantage of the exemption available in Section 33.1A of FRS 102 whereby it
has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary
undertakings of the group.


13.


Post balance sheet events

On 2 August 2024, the company entered into a new operating rental lease commitment for 15 years, in respect of premises.

Page 11

 
STOCKLEYS SWEETS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

14.


Controlling party

The immediate and ultimate parent undertaking is Confections Limited, a company registered in England
and Wales.

The largest and smallest group of undertakings for which group accounts for the year ended 31 July 2024
have been drawn up is headed by Confections Limited. Copies of the group accounts are available at
Companies House.

There is no overall controlling party of the company.


15.


Auditors' information

The auditors' report on the financial statements for the year ended 31 July 2024 was unqualified.

The audit report was signed on 16 April 2025 by Howard Freeman BSc FCA (Senior Statutory Auditor) on behalf of Shorts.

 
Page 12