Company registration number:
02734243
THE STOCK SHOP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2024
THE STOCK SHOP LIMITED
Contents
Directors report
Accountant's report
Statement of financial position
Notes to the financial statements
THE STOCK SHOP LIMITED
Directors report
Year ended 31 December 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024.
Directors
The directors who served the company during the year were as follows:
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Mr P D Mitzman |
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Mr M J Mitzman |
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Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
22 September 2025
and signed on behalf of the board by:
Mr P D Mitzman
Director
THE STOCK SHOP LIMITED
Report to the board of directors on the preparation of the
unaudited statutory financial statements of The Stock Shop Limited
Year ended 31 December 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
R M F Pola FCA
Jenemi Associates Limited
2 Low Road
Congham
Kings Lynn
Norfolk
PE32 1AE
22 September 2025
THE STOCK SHOP LIMITED
Statement of financial position
31 December 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
965,809 |
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1,056,038 |
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|
|
_______ |
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_______ |
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965,809 |
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1,056,038 |
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Current assets |
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Stocks |
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648,381 |
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659,244 |
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Debtors |
|
6 |
35,656 |
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|
|
38,454 |
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Cash at bank and in hand |
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8,408 |
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3,344 |
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|
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_______ |
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_______ |
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692,445 |
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701,042 |
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Creditors: amounts falling due |
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|
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|
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|
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within one year |
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7 |
(
1,468,592) |
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|
|
(
1,191,208) |
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|
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_______ |
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_______ |
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Net current liabilities |
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(
776,147) |
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(
490,166) |
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_______ |
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_______ |
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Total assets less current liabilities |
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189,662 |
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565,872 |
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Creditors: amounts falling due |
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after more than one year |
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8 |
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(
299,503) |
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(
425,442) |
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_______ |
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_______ |
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Net (liabilities)/assets |
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(
109,841) |
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140,430 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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9 |
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100 |
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100 |
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Revaluation reserve |
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160,000 |
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160,000 |
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Profit and loss account |
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(
269,941) |
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(
19,670) |
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_______ |
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_______ |
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Shareholders (deficit)/funds |
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(
109,841) |
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140,430 |
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_______ |
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_______ |
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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.
Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 September 2025
, and are signed on behalf of the board by:
Mr P D Mitzman
Director
Company registration number:
02734243
THE STOCK SHOP LIMITED
Notes to the financial statements
Year ended 31 December 2024
1.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
2.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Tangible assets
tangible assets are initially recorded at cost, and are 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:
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Leasehold properties |
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Straight line over the life of the lease |
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Plant and machinery |
- |
15 % |
reducing balance |
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Fittings fixtures and equipment |
- |
10 % |
reducing balance |
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Motor vehicles |
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25 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
3.
Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
4.
Loss/profit before taxation
Loss/profit before taxation is stated after charging/(crediting):
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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109,938 |
114,693 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
|
150,996 |
184,576 |
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Trade creditors |
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843,398 |
545,373 |
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Amounts owed to group undertakings |
|
3,300 |
3,300 |
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Social security and other taxes |
|
193,071 |
234,985 |
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Other creditors |
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277,827 |
222,974 |
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_______ |
_______ |
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1,468,592 |
1,191,208 |
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_______ |
_______ |
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8.
Creditors: amounts falling due after more than one year
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
|
245,371 |
363,148 |
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Other creditors |
|
54,132 |
62,294 |
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_______ |
_______ |
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299,503 |
425,442 |
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_______ |
_______ |
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9.
Called up share capital
Authorised share capital
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2024 |
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2023 |
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No |
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£ |
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No |
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£ |
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Ordinary shares of £
1.00 each |
|
100 |
|
100 |
|
100 |
|
100 |
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_______ |
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_______ |
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_______ |
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_______ |
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Issued, called up and fully paid |
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2024 |
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2023 |
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No |
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£ |
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No |
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£ |
|
Ordinary shares of £
1.00 each |
|
100 |
|
100 |
|
100 |
|
100 |
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_______ |
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_______ |
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_______ |
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_______ |
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