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REGISTERED NUMBER: 04970056 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

RK & JS Stothard Limited

RK & JS Stothard Limited (Registered number: 04970056)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RK & JS Stothard Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: R K Stothard
J S Stothard





SECRETARY: J S Stothard





REGISTERED OFFICE: The Barn
107 High Street
Scopwick
Lincoln
LN4 3NW





REGISTERED NUMBER: 04970056 (England and Wales)





ACCOUNTANTS: Reeve & Co
Chartered Certified Accountants
Unit 14 Oak House
Witham Park
Waterside South
Lincoln
LN5 7FB

RK & JS Stothard Limited (Registered number: 04970056)

Balance Sheet
30 November 2024

30.11.23 30.11.24
£    £    Notes £    £   
FIXED ASSETS
3,438 Property, plant and equipment 4 965

CURRENT ASSETS
8,500 Inventories 4,500
77,163 Debtors 5 21,639
- Cash at bank 71,910
85,663 98,049
CREDITORS
53,675 Amounts falling due within one year 6 77,782
31,988 NET CURRENT ASSETS 20,267
35,426 TOTAL ASSETS LESS CURRENT LIABILITIES 21,232

1,644 PROVISIONS FOR LIABILITIES 1,644
33,782 NET ASSETS 19,588

CAPITAL AND RESERVES
100 Called up share capital 100
33,682 Retained earnings 19,488
33,782 SHAREHOLDERS' FUNDS 19,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

RK & JS Stothard Limited (Registered number: 04970056)

Balance Sheet - continued
30 November 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 12 August 2025 and were signed on its behalf by:




R K Stothard - Director



J S Stothard - Director


RK & JS Stothard Limited (Registered number: 04970056)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

RK & JS Stothard 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
Revenue 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.
Tools and equipment - 20% on cost
Office equipment - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Inventories 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.

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.

RK & JS Stothard Limited (Registered number: 04970056)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Tools and Office Motor Computer
Totals equipment equipment vehicles equipment
£    £    £    £    £   
COST
At 1 December 2023
and 30 November 2024 66,906 4,174 1,653 55,848 5,231
DEPRECIATION
At 1 December 2023 63,468 3,627 1,653 53,996 4,192
Charge for year 2,473 219 - 1,852 402
At 30 November 2024 65,941 3,846 1,653 55,848 4,594
NET BOOK VALUE
At 30 November 2024 965 328 - - 637
At 30 November 2023 3,438 547 - 1,852 1,039

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 18,375 66,382
VAT - 7,978
Prepayments 3,264 2,803
21,639 77,163

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts - 7,574
Trade creditors 44,253 25,599
Corporation tax 8,623 14,879
Social security and other taxes 2,751 1,776
VAT 14,453 -
Other creditors 5,141 3,623
Directors' current accounts 2,561 224
77,782 53,675