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Company Registration No. 4286424 (England and Wales)
Stoyle & Adamson Ltd Unaudited accounts for the year ended 31 December 2024
Stoyle & Adamson Ltd Unaudited accounts Contents
Page
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Stoyle & Adamson Ltd Company Information for the year ended 31 December 2024
Directors
David Alan Blin Stoyle Julia Adamson
Secretary
Julia Adamson
Company Number
4286424 (England and Wales)
Registered Office
Lloyds Bank Chambers 30 High Street Crediton Devon EX17 3AH ENGLAND
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Stoyle & Adamson Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,000 
10,000 
Tangible assets
1,113,307 
1,515,902 
1,123,307 
1,525,902 
Current assets
Debtors
9,370 
15,095 
Cash at bank and in hand
211,305 
23,612 
220,675 
38,707 
Creditors: amounts falling due within one year
(136,621)
(356,090)
Net current assets/(liabilities)
84,054 
(317,383)
Total assets less current liabilities
1,207,361 
1,208,519 
Creditors: amounts falling due after more than one year
(42,466)
(51,152)
Net assets
1,164,895 
1,157,367 
Capital and reserves
Called up share capital
220 
220 
Profit and loss account
1,164,675 
1,157,147 
Shareholders' funds
1,164,895 
1,157,367 
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 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 9 May 2025 and were signed on its behalf by
David Alan Blin Stoyle Director Company Registration No. 4286424
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Stoyle & Adamson Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Stoyle & Adamson Ltd is a private company, limited by shares, registered in England and Wales, registration number 4286424. The registered office is Lloyds Bank Chambers, 30 High Street, Crediton, Devon, EX17 3AH, 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 policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Fixtures & fittings
20%
Intangible fixed assets
Goodwill is in the directors' opinion attached to the freehold property and has not been depreciated.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
10,000 
At 31 December 2024
10,000 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
10,000 
At 31 December 2023
10,000 
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Stoyle & Adamson Ltd Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
1,455,003 
29,428 
74,959 
81,801 
- 
1,641,191 
Additions
- 
3,617 
- 
- 
1,041 
4,658 
Disposals
(394,142)
- 
- 
- 
- 
(394,142)
At 31 December 2024
1,060,861 
33,045 
74,959 
81,801 
1,041 
1,251,707 
Depreciation
At 1 January 2024
- 
26,274 
26,985 
72,030 
- 
125,289 
Charge for the year
- 
1,354 
9,595 
1,954 
208 
13,111 
At 31 December 2024
- 
27,628 
36,580 
73,984 
208 
138,400 
Net book value
At 31 December 2024
1,060,861 
5,417 
38,379 
7,817 
833 
1,113,307 
At 31 December 2023
1,455,003 
3,154 
47,974 
9,771 
- 
1,515,902 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,070 
11,000 
Other debtors
5,300 
4,095 
9,370 
15,095 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
815 
21,950 
Other creditors
5,501 
4,294 
Loans from directors
105,800 
295,275 
Accruals
1,010 
1,010 
Deferred income
23,495 
33,561 
136,621 
356,090 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
42,466 
51,152 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
220 Ordinary shares of £1 each
220 
220 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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