REGISTERED NUMBER: 03306147 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Stovart Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I J Batten

Mr Martyn Batten

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

03306147 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Property, plant and equipment

4

1,148,754

217,559

CURRENT ASSETS

Inventories

8,000

8,000

Debtors

5

153,796

273,704

Cash at bank

94,516

145,734

256,312

427,438

CREDITORS

Amounts falling due within one year

6

446,068

110,377

NET CURRENT (LIABILITIES)/ASSETS

(189,756

)

317,061

TOTAL ASSETS LESS CURRENT LIABILITIES

958,998

534,620

CREDITORS

Amounts falling due after more than one year

7

420,217

-

NET ASSETS

538,781

534,620

CAPITAL AND RESERVES

Called up share capital

56

56

Retained earnings

538,725

534,564

SHAREHOLDERS' FUNDS

538,781

534,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 2 September 2025 and were signed on its behalf by:

Mr I J Batten - Director

1.	STATUTORY INFORMATION

Stovart 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 statement of financial position date.

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 9 (2024 - 9 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

122,915

573,131

26,839

Additions

942,440

-

4,283

At 31 March 2025

1,065,355

573,131

31,122

DEPRECIATION

At 1 April 2024

-

497,829

21,123

Charge for year

-

11,295

1,500

At 31 March 2025

-

509,124

22,623

NET BOOK VALUE

At 31 March 2025

1,065,355

64,007

8,499

At 31 March 2024

122,915

75,302

5,716

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

62,245

-

785,130

Additions

-

899

947,622

At 31 March 2025

62,245

899

1,732,752

DEPRECIATION

At 1 April 2024

48,619

-

567,571

Charge for year

3,407

225

16,427

At 31 March 2025

52,026

225

583,998

NET BOOK VALUE

At 31 March 2025

10,219

674

1,148,754

At 31 March 2024

13,626

-

217,559

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

149,280

207,092

Other debtors

4,516

66,612

153,796

273,704

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

54,119

-

Trade creditors

52,630

53,367

Taxation and social security

21,837

36,562

Other creditors

317,482

20,448

446,068

110,377

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

420,217

-

8.	RELATED PARTY DISCLOSURES

The Directors Mr I J Batten is considered to be the key management personnel.