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Company Registration No. 03216417 (England and Wales)
Stompers Limited Unaudited accounts for the year ended 31 July 2024
Stompers Limited Unaudited accounts Contents
Page
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Stompers Limited Company Information for the year ended 31 July 2024
Directors
Mr. Timothy John Catmull Mrs. Xian Catmull
Company Number
03216417 (England and Wales)
Registered Office
7 The Royal Arcade Norwich Norfolk NR2 1NQ England
Accountants
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB
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Stompers Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,868 
5,274 
Current assets
Inventories
58,225 
58,225 
Debtors
21,440 
17,673 
Cash at bank and in hand
18,605 
26,696 
98,270 
102,594 
Creditors: amounts falling due within one year
(33,404)
(35,159)
Net current assets
64,866 
67,435 
Total assets less current liabilities
68,734 
72,709 
Creditors: amounts falling due after more than one year
(28,244)
(33,673)
Provisions for liabilities
Deferred tax
(735)
(1,002)
Net assets
39,755 
38,034 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
39,653 
37,932 
Shareholders' funds
39,755 
38,034 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by
Mr. Timothy John Catmull Director Company Registration No. 03216417
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Stompers Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Stompers Limited is a private company, limited by shares, registered in England and Wales, registration number 03216417. The registered office is 7 The Royal Arcade, Norwich, Norfolk, NR2 1NQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% - Reducing Balance Method
Computer equipment
25% - Straight Line Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortization. Trademarks - Amortisized Over 10 Years Straight line Method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Stompers Limited Notes to the Accounts for the year ended 31 July 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.
Deferred taxation
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 accounts. 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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
1,224 
At 31 July 2024
1,224 
Amortisation
At 1 August 2023
1,224 
At 31 July 2024
1,224 
Net book value
At 31 July 2024
- 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
14,382 
10,660 
25,042 
Additions
- 
749 
749 
At 31 July 2024
14,382 
11,409 
25,791 
Depreciation
At 1 August 2023
11,664 
8,104 
19,768 
Charge for the year
619 
1,536 
2,155 
At 31 July 2024
12,283 
9,640 
21,923 
Net book value
At 31 July 2024
2,099 
1,769 
3,868 
At 31 July 2023
2,718 
2,556 
5,274 
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Stompers Limited Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,637 
6,178 
Accrued income and prepayments
13,644 
8,314 
Other debtors
2,159 
3,181 
21,440 
17,673 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,471 
6,046 
Trade creditors
23,412 
25,573 
Taxes and social security
3,143 
3,221 
Other creditors
39 
39 
Accruals
339 
280 
33,404 
35,159 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,244 
33,673 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
98 Ordinary Class`A` Shares of £1 each
98 
98 
2 Ordinary Class `B` Shares of £1 each
2 
2 
2 Ordinary Class `C` Shares of £1 each
2 
2 
102 
102 
10
Controlling party
The Company is controlled by the Directors who own 98% of the called up share capital.
11
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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