Thomas Stoner Supplies Limited 07197528 false 2023-12-31 2024-12-30 2024-12-30 The principal activity of the company is the sale of office supplies Digita Accounts Production Advanced 6.30.9574.0 true 07197528 2023-12-31 2024-12-30 07197528 2024-12-30 07197528 bus:OrdinaryShareClass1 2024-12-30 07197528 bus:OrdinaryShareClass2 2024-12-30 07197528 bus:OrdinaryShareClass3 2024-12-30 07197528 bus:OrdinaryShareClass4 2024-12-30 07197528 bus:OrdinaryShareClass5 2024-12-30 07197528 core:RetainedEarningsAccumulatedLosses 2024-12-30 07197528 core:ShareCapital 2024-12-30 07197528 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-12-30 07197528 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-12-30 07197528 core:CurrentFinancialInstruments 2024-12-30 07197528 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-30 07197528 core:Non-currentFinancialInstruments 2024-12-30 07197528 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-30 07197528 core:FurnitureFittingsToolsEquipment 2024-12-30 07197528 core:MotorVehicles 2024-12-30 07197528 bus:SmallEntities 2023-12-31 2024-12-30 07197528 bus:AuditExemptWithAccountantsReport 2023-12-31 2024-12-30 07197528 bus:FilletedAccounts 2023-12-31 2024-12-30 07197528 bus:SmallCompaniesRegimeForAccounts 2023-12-31 2024-12-30 07197528 bus:RegisteredOffice 2023-12-31 2024-12-30 07197528 bus:Director7 2023-12-31 2024-12-30 07197528 bus:OrdinaryShareClass1 2023-12-31 2024-12-30 07197528 bus:OrdinaryShareClass2 2023-12-31 2024-12-30 07197528 bus:OrdinaryShareClass3 2023-12-31 2024-12-30 07197528 bus:OrdinaryShareClass4 2023-12-31 2024-12-30 07197528 bus:OrdinaryShareClass5 2023-12-31 2024-12-30 07197528 bus:PrivateLimitedCompanyLtd 2023-12-31 2024-12-30 07197528 core:FurnitureFittingsToolsEquipment 2023-12-31 2024-12-30 07197528 core:MotorVehicles 2023-12-31 2024-12-30 07197528 countries:England 2023-12-31 2024-12-30 07197528 2023-12-30 07197528 core:FurnitureFittingsToolsEquipment 2023-12-30 07197528 core:MotorVehicles 2023-12-30 07197528 2022-12-31 2023-12-30 07197528 2023-12-30 07197528 bus:OrdinaryShareClass1 2023-12-30 07197528 bus:OrdinaryShareClass2 2023-12-30 07197528 bus:OrdinaryShareClass3 2023-12-30 07197528 bus:OrdinaryShareClass4 2023-12-30 07197528 bus:OrdinaryShareClass5 2023-12-30 07197528 core:RetainedEarningsAccumulatedLosses 2023-12-30 07197528 core:ShareCapital 2023-12-30 07197528 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-12-30 07197528 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-12-30 07197528 core:CurrentFinancialInstruments 2023-12-30 07197528 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-30 07197528 core:Non-currentFinancialInstruments 2023-12-30 07197528 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-30 07197528 core:FurnitureFittingsToolsEquipment 2023-12-30 07197528 core:MotorVehicles 2023-12-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07197528

Thomas Stoner Supplies Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 December 2024

 

Thomas Stoner Supplies Limited

(Registration number: 07197528)
Balance Sheet as at 30 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

128,276

174,223

Current assets

 

Stocks

20,467

40,687

Debtors

5

1,025,166

887,467

Cash at bank and in hand

 

92,330

114,201

 

1,137,963

1,042,355

Creditors: Amounts falling due within one year

6

(674,131)

(647,944)

Net current assets

 

463,832

394,411

Total assets less current liabilities

 

592,108

568,634

Creditors: Amounts falling due after more than one year

6

(221,786)

(231,914)

Provisions for liabilities

(12,668)

(22,889)

Net assets

 

357,654

313,831

Capital and reserves

 

Called up share capital

8

254

254

Retained earnings

357,400

313,577

Shareholders' funds

 

357,654

313,831

 

Thomas Stoner Supplies Limited

(Registration number: 07197528)
Balance Sheet as at 30 December 2024

For the financial year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 June 2025 and signed on its behalf by:
 


Mr J C Thomas
Director

   
 

Thomas Stoner Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

Registration number: 07197528.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

Thomas Stoner Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

20% on written down value

Motor vehicles

25% on written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.

Trade debtors are recognised at the transaction price. They are subsequently measured less a provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Thomas Stoner Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 13 (2023 - 13).

 

Thomas Stoner Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 31 December 2023

29,396

217,149

246,545

Additions

709

-

709

Disposals

-

(8,333)

(8,333)

At 30 December 2024

30,105

208,816

238,921

Depreciation

At 31 December 2023

20,072

52,250

72,322

Charge for the year

1,915

40,055

41,970

Eliminated on disposal

-

(3,647)

(3,647)

At 30 December 2024

21,987

88,658

110,645

Carrying amount

At 30 December 2024

8,118

120,158

128,276

At 30 December 2023

9,324

164,899

174,223

5

Debtors

2024
£

2023
£

Trade debtors

212,280

274,510

Amounts owed by related parties

812,146

612,412

Prepayments

-

250

Other debtors

740

295

 

1,025,166

887,467

 

Thomas Stoner Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

226,312

97,783

Trade payables

 

405,448

481,296

Social security and other taxes

 

38,419

53,849

Other payables

 

3,952

15,016

 

674,131

647,944

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

221,786

231,914

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

122,015

-

Hire purchase contracts

19,043

25,476

Other borrowings

85,254

72,307

226,312

97,783

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

120,924

139,967

Other borrowings

100,862

91,947

221,786

231,914

HP & finance liabilities are secured against the assets to which they relate.

 

Thomas Stoner Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

250

250

250

250

Ordinary A shares of £1 each

1

1

1

1

Ordinary B shares of £1 each

1

1

1

1

Ordinary C shares of £1 each

1

1

1

1

Ordinary D shares of £1 each

1

1

1

1

254

254

254

254