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Company No: 01104090 (England and Wales)

STONEMAN AND BOWKER LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

STONEMAN AND BOWKER LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

STONEMAN AND BOWKER LIMITED

BALANCE SHEET

As at 30 September 2024
STONEMAN AND BOWKER LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,271 2,433
2,271 2,433
Current assets
Stocks 4 169,338 198,067
Debtors 5 13,162 6,556
Cash at bank and in hand 999 47
183,499 204,670
Creditors: amounts falling due within one year 6 ( 323,239) ( 339,422)
Net current liabilities (139,740) (134,752)
Total assets less current liabilities (137,469) (132,319)
Creditors: amounts falling due after more than one year 7, 9 ( 18,268) ( 24,153)
Net liabilities ( 155,737) ( 156,472)
Capital and reserves
Called-up share capital 8 14,800 14,800
Other reserves 175,200 175,200
Profit and loss account ( 345,737 ) ( 346,472 )
Total shareholder's deficit ( 155,737) ( 156,472)

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

Director's responsibilities:

The financial statements of Stoneman and Bowker Limited (registered number: 01104090) were approved and authorised for issue by the Director on 17 June 2025. They were signed on its behalf by:

Mr M J Stoneman
Director
STONEMAN AND BOWKER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
STONEMAN AND BOWKER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Stoneman and Bowker Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is Liverton Business Park, Salterton Road, Exmouth, Devon, EX8 2NR.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director is considering the future of the company and whether he should continue to operate the business in what is an increasingly competitive and difficult market. While the director may conclude that it is appropriate to cease trading, no final decision has yet been made, and therefore the accounts have been prepared on a going concern basis.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stock is ordered upon the order from customers. Display stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

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

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Total
£ £ £
Cost
At 01 October 2023 2,856 14,765 17,621
Additions 0 195 195
At 30 September 2024 2,856 14,960 17,816
Accumulated depreciation
At 01 October 2023 859 14,329 15,188
Charge for the financial year 286 71 357
At 30 September 2024 1,145 14,400 15,545
Net book value
At 30 September 2024 1,711 560 2,271
At 30 September 2023 1,997 436 2,433

4. Stocks

2024 2023
£ £
Stocks 169,338 198,067

5. Debtors

2024 2023
£ £
Trade debtors 11,112 3,244
Prepayments 2,050 3,312
13,162 6,556

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 20,224 55,109
Trade creditors 43,673 39,452
Amounts owed to director 206,641 195,612
Accruals 3,634 5,797
Other taxation and social security 13,966 4,045
Other creditors 35,101 39,407
323,239 339,422

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 18,268 24,153

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
14,800 Ordinary shares of £ 1.00 each 14,800 14,800

9. Loans and borrowings

Loans and borrowings due after one year

2024 2023
£ £
Bank borrowings 17,578 24,153

Current loans and borrowings

2024 2023
£ £
Bank borrowings 9,520 10,010
Bank overdrafts 10,704 45,099
20,224 55,109

Bank overdrafts

The bank overdraft is secured by way of a fixed and floating charge over the undertakings of the company. The carrying amount at the year end is £10,704 (2023: £45,099)

10. Financial commitments, guarantees and contigencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £70,000 (2023: £130,000). The financial commitments relate to property from which the company operates.