IRIS Accounts Production v25.1.0.734 01391519 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013915192023-10-31013915192024-10-31013915192023-11-012024-10-31013915192022-10-31013915192022-11-012023-10-31013915192023-10-3101391519ns15:EnglandWales2023-11-012024-10-3101391519ns14:PoundSterling2023-11-012024-10-3101391519ns10:Director12023-11-012024-10-3101391519ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3101391519ns10:SmallEntities2023-11-012024-10-3101391519ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3101391519ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3101391519ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3101391519ns10:FullAccounts2023-11-012024-10-3101391519ns10:Director22023-11-012024-10-3101391519ns10:Director32023-11-012024-10-3101391519ns10:Director42023-11-012024-10-3101391519ns10:CompanySecretary12023-11-012024-10-3101391519ns10:RegisteredOffice2023-11-012024-10-3101391519ns5:CurrentFinancialInstruments2024-10-3101391519ns5:CurrentFinancialInstruments2023-10-3101391519ns5:ShareCapital2024-10-3101391519ns5:ShareCapital2023-10-3101391519ns5:RetainedEarningsAccumulatedLosses2024-10-3101391519ns5:RetainedEarningsAccumulatedLosses2023-10-3101391519ns5:LeaseholdImprovements2023-11-012024-10-3101391519ns5:PlantMachinery2023-11-012024-10-3101391519ns5:MotorVehicles2023-11-012024-10-3101391519ns5:LeaseholdImprovements2023-10-3101391519ns5:PlantMachinery2023-10-3101391519ns5:MotorVehicles2023-10-3101391519ns5:LeaseholdImprovements2024-10-3101391519ns5:PlantMachinery2024-10-3101391519ns5:MotorVehicles2024-10-3101391519ns5:LeaseholdImprovements2023-10-3101391519ns5:PlantMachinery2023-10-3101391519ns5:MotorVehicles2023-10-3101391519ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3101391519ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3101391519ns5:DeferredTaxation2023-10-3101391519ns5:DeferredTaxation2024-10-31
REGISTERED NUMBER: 01391519 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 October 2024

for

Stuart Pease (Fibreglass) Limited

Stuart Pease (Fibreglass) Limited (Registered number: 01391519)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stuart Pease (Fibreglass) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: J A Hartley
G James
S W Pease
Mrs J Pease





SECRETARY: Mrs J Pease





REGISTERED OFFICE: Unit 1
Taylors Close
Parkgate
Rotherham
S62 6NW





REGISTERED NUMBER: 01391519 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Stuart Pease (Fibreglass) Limited (Registered number: 01391519)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 74,705 60,957

CURRENT ASSETS
Stocks 5 219,322 211,602
Debtors 6 153,236 307,639
Cash at bank and in hand 561,015 618,955
933,573 1,138,196
CREDITORS
Amounts falling due within one year 7 101,773 261,425
NET CURRENT ASSETS 831,800 876,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

906,505

937,728

PROVISIONS FOR LIABILITIES 8 3,539 520
NET ASSETS 902,966 937,208

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 902,766 937,008
SHAREHOLDERS' FUNDS 902,966 937,208

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Stuart Pease (Fibreglass) Limited (Registered number: 01391519)

Balance Sheet - continued
31 October 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 5 June 2025 and were signed on its behalf by:





Mrs J Pease - Director


Stuart Pease (Fibreglass) Limited (Registered number: 01391519)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Stuart Pease (Fibreglass) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

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.

Stuart Pease (Fibreglass) Limited (Registered number: 01391519)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 November 2023 88,103 48,784 50,991 187,878
Additions - - 18,767 18,767
At 31 October 2024 88,103 48,784 69,758 206,645
DEPRECIATION
At 1 November 2023 29,227 48,783 48,911 126,921
Charge for year 1,762 - 3,257 5,019
At 31 October 2024 30,989 48,783 52,168 131,940
NET BOOK VALUE
At 31 October 2024 57,114 1 17,590 74,705
At 31 October 2023 58,876 1 2,080 60,957

5. STOCKS
2024 2023
£    £   
Stocks 76,826 96,620
Work-in-progress 142,496 114,982
219,322 211,602

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 146,308 295,026
Prepayments 6,928 12,613
153,236 307,639

Stuart Pease (Fibreglass) Limited (Registered number: 01391519)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,388 87,816
Tax 11,829 87,182
Social security and other taxes 9,250 10,010
VAT 32,300 67,850
Other creditors 1,884 -
Directors' current accounts 3,714 3,714
Accrued expenses 5,408 4,853
101,773 261,425

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,539 520

Deferred
tax
£   
Balance at 1 November 2023 520
Movement in year
Balance at 31 October 2024 520

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF -
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB 3,539

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)