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Company registration number: 06615799
Stockholding Solutions Limited
Filleted financial statements
31 December 2024
Stockholding Solutions Limited
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Notes to the financial statements
Stockholding Solutions Limited
Directors and other information
Directors Mr Nicholas Norman Walters
Mr Nicholas Warren Lang
Mr Garry Dell
Mr David Corbett Glenister
Mr Eamonn Shaun Prescott
Mrs Katie Courtney-Jones
Company number 06615799
Registered office Greendale House
Whitestone Business Park
Whitestone
Hereford
HR1 3SE
Business address Greendale House
Whitestone Business Park
Whitestone
Hereford
HR1 3SE
Auditor Forshaws Accountants Limited
Crossens Way Business Park
Crossens Way
Southport
PR9 9LY
Stockholding Solutions Limited
Directors responsibilities statement
Year ended 31 December 2024
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Stockholding Solutions Limited
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 19,571 25,154
_______ _______
19,571 25,154
Current assets
Debtors 6 16,451 18,354
Cash at bank and in hand 5,032 4,640
_______ _______
21,483 22,994
Creditors: amounts falling due
within one year 7 ( 8,970) ( 8,777)
_______ _______
Net current assets 12,513 14,217
_______ _______
Total assets less current liabilities 32,084 39,371
Creditors: amounts falling due
after more than one year 8 ( 11,392) ( 17,462)
Provisions for liabilities 9 ( 4,682) ( 4,986)
_______ _______
Net assets 16,010 16,923
_______ _______
Capital and reserves
Called up share capital 11 100 100
Profit and loss account 15,910 16,823
_______ _______
Shareholders funds 16,010 16,923
_______ _______
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 April 2025 , and are signed on behalf of the board by:
Mr Garry Dell
Director
Company registration number: 06615799
Stockholding Solutions Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Greendale House, Whitestone Business Park, Whitestone, Hereford, HR1 3SE.
The principal activity of the company is the sale of carpets.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles - 16.67% straight line
Computer equipment - 33.33% straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably.
Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation.
Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Tangible assets
Motor vehicles Computer equipment Total
£ £ £
Cost
At 1 January 2024 and 31 December 2024 33,494 13,630 47,124
_______ _______ _______
Depreciation
At 1 January 2024 8,340 13,630 21,970
Charge for the year 5,583 - 5,583
_______ _______ _______
At 31 December 2024 13,923 13,630 27,553
_______ _______ _______
Carrying amount
At 31 December 2024 19,571 - 19,571
_______ _______ _______
At 31 December 2023 25,154 - 25,154
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 2,066 2,376
Amounts owed by parent company 5,588 7,364
Other debtors 8,797 8,614
_______ _______
16,451 18,354
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors - 722
Other creditors 8,970 8,055
_______ _______
8,970 8,777
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 11,392 17,462
_______ _______
9. Provisions
Deferred tax (note 10) Total
£ £
At 1 January 2024 4,986 4,986
Charges against provisions ( 304) ( 304)
_______ _______
At 31 December 2024 4,682 4,682
_______ _______
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024 2023
£ £
Included in provisions (note 9) 4,682 4,986
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
2024 2023
£ £
Accelerated capital allowances 4,893 6,288
Unused tax losses ( 211) ( 1,302)
_______ _______
4,682 4,986
_______ _______
11. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
12. Summary audit opinion
The auditor's report dated 23 April 2025 was unqualified.
The senior statutory auditor was Andrew Goddard for and on behalf of Forshaws Accountants Limited
13. Related party transactions
In line with the requirements of FRS 102, the Company has not disclosed transactions with companies that are wholly owned within the Group of companies headed by Greendale Carpets and Floorings Limited.
14. Controlling party
The company is controlled by its holding company, Greendale Carpets and Floorings Limited, which owns 100% of its share capital. Greendale Carpets and Floorings Limited is not under the control of any single party.