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Registered Number: 08650720
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 31 August 2024

for

STANTON & STUBBS LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 71,330    68,125 
71,330    68,125 
Current assets      
Stocks 4 224,350    7,850 
Debtors 5 315,519    702,140 
Cash at bank and in hand 74,323    55,784 
614,192    765,774 
Creditors: amount falling due within one year 6 (341,002)   (506,906)
Net current assets 273,190    258,868 
 
Total assets less current liabilities 344,520    326,993 
Creditors: amount falling due after more than one year 7 (77,430)   (101,233)
Provisions for liabilities 8 (19,122)   (17,031)
Net assets 247,968    208,729 
 

Capital and reserves
     
Called up share capital 150    150 
Profit and loss account 247,818    208,579 
Shareholders' funds 247,968    208,729 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 May 2025 and were signed on its behalf by:


-------------------------------
Steven Stubbs
Director
1
General Information
Stanton & Stubbs Ltd is a private company, limited by shares, registered in England and Wales, registration number 08650720, registration address The Old Sack Factory, Norwich Road, Diss, IP21 4ED.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25 Reducing Balance
Motor Vehicles 25 Reducing Balance
Fixtures and Fittings 25 Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 10 (2023 : 9).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 September 2023 1,791    126,002    2,138    129,931 
Additions   26,965      26,965 
Disposals      
At 31 August 2024 1,791    152,967    2,138    156,896 
Depreciation
At 01 September 2023 1,550    58,118    2,138    61,806 
Charge for year 48    23,712      23,760 
On disposals      
At 31 August 2024 1,598    81,830    2,138    85,566 
Net book values
Closing balance as at 31 August 2024 193    71,137      71,330 
Opening balance as at 01 September 2023 241    67,884      68,125 


4.

Stocks

2024
£
  2023
£
Work in Progress 215,100   
Stocks 9,250    7,850 
224,350    7,850 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 182,298    506,262 
Other Debtors 94,358    117,351 
VAT 38,863    78,527 
315,519    702,140 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 121,051    216,110 
Bank Loans & Overdrafts 40,201   
Corporation Tax 62,260    79,356 
PAYE & Social Security 27,621    8,589 
Accrued Expenses 43,419    41,022 
Other Creditors   60,730 
Obligations under HP/Financial Leases 22,296    50,533 
Directors' Current Accounts 24,154    50,566 
341,002    506,906 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 38,586    101,233 
Obligations Under HP/Financial Leases 38,844   
77,430    101,233 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 17,832    17,031 
Pension Provisions 1,290   
19,122    17,031 

2