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Company Registration No. 08319021 (England and Wales)
Stoner Motor Company Ltd Unaudited Accounts for the year ended 31 December 2024
Stoner Motor Company Ltd Unaudited Accounts Contents
Page
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Stoner Motor Company Ltd Company Information for the year ended 31 December 2024
Director
Dean Leslie Stoner
Secretary
Sarah Emma Stoner
Company Number
08319021 (England and Wales)
Registered Office
Medway Hyundai London Road Rainham Gillingham Kent ME8 8PT
Accountants
ASTON STEELE Aston House Cotchford Hill, Hartfield Sussex TN7 4HA
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Stoner Motor Company Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
287,623 
154,685 
Current assets
Inventories
3,576,187 
2,413,843 
Debtors
1,378,627 
1,351,737 
Cash at bank and in hand
261,056 
488,365 
5,215,870 
4,253,945 
Creditors: amounts falling due within one year
(4,591,730)
(3,556,792)
Net current assets
624,140 
697,153 
Total assets less current liabilities
911,763 
851,838 
Provisions for liabilities
Deferred tax
(52,800)
(16,000)
Net assets
858,963 
835,838 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
858,863 
835,738 
Shareholders' funds
858,963 
835,838 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 30 April 2025 and were signed on its behalf by
Dean Leslie Stoner Director Company Registration No. 08319021
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Stoner Motor Company Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Stoner Motor Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 08319021. The registered office is Medway Hyundai London Road, Rainham, Gillingham, Kent, ME8 8PT.
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.
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:
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Stoner Motor Company Ltd Notes to the Accounts for the year ended 31 December 2024
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.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
208,596 
26,892 
88,335 
323,823 
Additions
- 
39,380 
171,961 
211,341 
At 31 December 2024
208,596 
66,272 
260,296 
535,164 
Depreciation
At 1 January 2024
117,959 
13,489 
37,690 
169,138 
Charge for the year
13,907 
12,588 
51,908 
78,403 
At 31 December 2024
131,866 
26,077 
89,598 
247,541 
Net book value
At 31 December 2024
76,730 
40,195 
170,698 
287,623 
At 31 December 2023
90,637 
13,403 
50,645 
154,685 
The company have purchased a 50% Interest in Tunbridge Wells Motors Limited
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
3,576,187 
2,413,843 
3,576,187 
2,413,843 
At 31st December 2024 Vehicles held on consignment, where title had not passed and are not included in the stock valuation, nor amounts due to trade creditors £1,986,797 (2023 £1,555,365)
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
249,977 
615,447 
Trade debtors
654,239 
295,366 
Accrued income and prepayments
48,411 
29,924 
Other debtors
426,000 
411,000 
1,378,627 
1,351,737 
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Stoner Motor Company Ltd Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,366,088 
792,567 
Trade creditors
2,789,055 
2,306,809 
Taxes and social security
25,737 
47,016 
Other creditors
396,000 
396,000 
Loans from directors
8,000 
8,000 
Accruals
6,850 
6,400 
4,591,730 
3,556,792 
Vehicles supplied on consignment, where title has not pasted, have not been included in the stock valuation nor in creditors falling due within one year 2023 £1,555,365 (2022 £975,007)
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 24 (2023: 23).
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