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REGISTERED NUMBER: SC087527 (Scotland)











Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Stanley Clark Limited

Stanley Clark Limited (Registered number: SC087527)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stanley Clark Limited

Company Information
for the year ended 31 May 2024







DIRECTOR: S Clark





SECRETARY: Storie Cruden & Simpson





REGISTERED OFFICE: 5 Albyn Terrace
Aberdeen
AB10 1YP





REGISTERED NUMBER: SC087527 (Scotland)





ACCOUNTANTS: Grampian Accounting
3 Prospect Place
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6SY

Stanley Clark Limited (Registered number: SC087527)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 153,489 151,207
Investment property 6 236,957 236,957
390,446 388,164

CURRENT ASSETS
Stocks 380,000 676,634
Debtors 7 28,290 11,179
Cash at bank and in hand 59,783 50,217
468,073 738,030
CREDITORS
Amounts falling due within one year 8 33,042 39,756
NET CURRENT ASSETS 435,031 698,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

825,477

1,086,438

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Share premium 38,117 38,117
Retained earnings 687,360 948,321
825,477 1,086,438

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

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

The director acknowledges his 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.

Stanley Clark Limited (Registered number: SC087527)

Balance Sheet - continued
31 May 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 director and authorised for issue on 28 July 2025 and were signed by:





S Clark - Director


Stanley Clark Limited (Registered number: SC087527)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Stanley Clark Limited is a private company, limited by shares , registered in Scotland. 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
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

Stanley Clark Limited (Registered number: SC087527)

Notes to the Financial Statements - continued
for the year ended 31 May 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 NIL (2023 - 4 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 55,000
AMORTISATION
At 1 June 2023
and 31 May 2024 55,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 185,635 46,116 231,751
Additions 4,153 2,517 6,670
At 31 May 2024 189,788 48,633 238,421
DEPRECIATION
At 1 June 2023 38,976 41,568 80,544
Charge for year - 4,388 4,388
At 31 May 2024 38,976 45,956 84,932
NET BOOK VALUE
At 31 May 2024 150,812 2,677 153,489
At 31 May 2023 146,659 4,548 151,207

Stanley Clark Limited (Registered number: SC087527)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 236,957
NET BOOK VALUE
At 31 May 2024 236,957
At 31 May 2023 236,957

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 1,551 1,404
Other debtors 26,739 9,775
28,290 11,179

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 9,532 12,154
Taxation and social security 2,668 2,659
Other creditors 20,842 24,943
33,042 39,756