Company Registration No. 03216417 (England and Wales)
Stompers Limited
Unaudited accounts
for the year ended 31 July 2024
Stompers Limited
Unaudited accounts
Contents
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
Stompers Limited
Statement of financial position
as at 31 July 2024
Tangible assets
3,868
5,274
Cash at bank and in hand
18,605
26,696
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
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
Stompers Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortization.
Trademarks - Amortisized Over 10 Years Straight line Method
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.
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.
Stompers Limited
Notes to the Accounts
for the year ended 31 July 2024
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 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.
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Intangible fixed assets
Other
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
At 31 July 2024
14,382
11,409
25,791
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
At 31 July 2024
2,099
1,769
3,868
At 31 July 2023
2,718
2,556
5,274
Stompers Limited
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Accrued income and prepayments
13,644
8,314
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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
8
Creditors: amounts falling due after more than one year
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
The Company is controlled by the Directors who own 98% of the called up share capital.
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Average number of employees
During the year the average number of employees was 3 (2023: 3).