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REGISTERED NUMBER: 01935820 (England and Wales)















STOWFORD HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






STOWFORD HOMES LIMITED (REGISTERED NUMBER: 01935820)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STOWFORD HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: S Sweet
Mrs J R Sweet





SECRETARY: Mrs J R Sweet





REGISTERED OFFICE: Eventide
Axminster Road
Charmouth
Dorset
DT6 6PA





REGISTERED NUMBER: 01935820 (England and Wales)





ACCOUNTANTS: Northams Accountants Limited
21/23 New Street
Honiton
Devon
EX14 1HA

STOWFORD HOMES LIMITED (REGISTERED NUMBER: 01935820)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 6,000 6,000
Tangible assets 5 15,795 20,239
Investments 6 50 50
21,845 26,289

CURRENT ASSETS
Stocks 752,285 527,314
Debtors 7 14,019 21,795
Cash at bank and in hand 52,057 94,598
818,361 643,707
CREDITORS
Amounts falling due within one year 8 (764,755 ) (562,728 )
NET CURRENT ASSETS 53,606 80,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,451

107,268

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 75,449 107,266
SHAREHOLDERS' FUNDS 75,451 107,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STOWFORD HOMES LIMITED (REGISTERED NUMBER: 01935820)

BALANCE SHEET - continued
31 AUGUST 2024


The 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:





S Sweet - Director


STOWFORD HOMES LIMITED (REGISTERED NUMBER: 01935820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Stowford Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Purchased goodwill is not amortised as the directors are of the opinion that goodwill on a disposal would realise at least the amount shown in the balance sheet on an historic cost basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

STOWFORD HOMES LIMITED (REGISTERED NUMBER: 01935820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 6,000
NET BOOK VALUE
At 31 August 2024 6,000
At 31 August 2023 6,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 140,592
DEPRECIATION
At 1 September 2023 120,353
Charge for year 4,444
At 31 August 2024 124,797
NET BOOK VALUE
At 31 August 2024 15,795
At 31 August 2023 20,239

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investments 50 50

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 2,006
Other debtors 14,019 19,789
14,019 21,795

STOWFORD HOMES LIMITED (REGISTERED NUMBER: 01935820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 81,631 125,114
Other creditors 683,124 437,614
764,755 562,728