Stocks Away Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07839908

Stocks Away Limited

Filleted Unaudited Financial Statements

31 December 2024

Stocks Away Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Intangible assets	5	–	300
Tangible assets	6	1,241,143	1,107,128
Investments	7	100	100
		------------	------------
		1,241,243	1,107,528

Current assets

Stocks		–	12,000
Debtors	8	1,524,319	1,695,062
Cash at bank and in hand		1,773	37,177
		------------	------------
		1,526,092	1,744,239

Creditors: amounts falling due within one year	9	( 1,181,035)	( 1,670,465)
		------------	------------
Net current assets		345,057	73,774
		------------	------------
Total assets less current liabilities		1,586,300	1,181,302

Creditors: amounts falling due after more than one year	10	( 94,468)	( 45,324)

Provisions

Taxation including deferred tax	( 160,676)	( 159,228)
	------------	------------
Net assets	1,331,156	976,750
	------------	------------

Stocks Away Limited

Statement of Financial Position (continued)

31 December 2024

	2024	2023
Note	£	£

Capital and reserves

Called up share capital	80	80
Profit and loss account	1,331,076	976,670
	------------	---------
Shareholders funds	1,331,156	976,750
	------------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:

Mr G Faldo
Director

Company registration number: 07839908

Stocks Away Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Station Lane, Offord Cluney, St Neots, PE19 5ZA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	over 5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	over 15 years
Plant & Machinery	-	20% / 6.67% per annum
Motor Vehicles	-	25% straight line

Investment in subsidiary

The investment in the subsidiary company is initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 27 (2023: 37 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	4,000
	-------
Amortisation
At 1 January 2024	3,700
Charge for the year	300
	-------
At 31 December 2024	4,000
	-------
Carrying amount
At 31 December 2024	–
	-------
At 31 December 2023	300
	-------

6. Tangible assets

	Short leasehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	574,467	773,131	125,519	1,473,117
Additions	163,029	9,538	88,110	260,677
Disposals	–	( 24,865)	–	( 24,865)
	---------	---------	---------	------------
At 31 December 2024	737,496	757,804	213,629	1,708,929
	---------	---------	---------	------------
Depreciation
At 1 January 2024	34,634	281,080	50,275	365,989
Charge for the year	37,837	50,024	17,546	105,407
Disposals	–	( 3,610)	–	( 3,610)
	---------	---------	---------	------------
At 31 December 2024	72,471	327,494	67,821	467,786
	---------	---------	---------	------------
Carrying amount
At 31 December 2024	665,025	430,310	145,808	1,241,143
	---------	---------	---------	------------
At 31 December 2023	539,833	492,051	75,244	1,107,128
	---------	---------	---------	------------

7. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	100
	----
Impairment
At 1 January 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	100
	----
At 31 December 2023	100
	----

The company owns 100 £1 ordinary shares in DSJ Bespoke Ltd. These shares entitle the company to 100% of the voting rights in the subsidiary undertaking.

8. Debtors

	2024	2023
	£	£
Trade debtors	124,312	112,545
Amounts owed by group undertakings	1,379,166	–
Other debtors	20,841	1,582,517
	------------	------------
	1,524,319	1,695,062
	------------	------------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	28,538	164,647
Amounts owed to group undertakings	–	100
Corporation tax	112,156	155,868
Social security and other taxes	107,160	87,792
Other creditors	933,181	1,262,058
	------------	------------
	1,181,035	1,670,465
	------------	------------

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

	2024	2023
	£	£
Other creditors	94,468	45,324
	--------	--------