REGISTERED NUMBER: 06248009 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Chris Stonock Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

T Stonock

REGISTERED OFFICE:

Your-Move

53 Front Street

Chester Le Street

County Durham

DH3 3BH

REGISTERED NUMBER:

06248009 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

55,155

72,833

55,155

72,833

CURRENT ASSETS

Debtors

6

1,856,660

1,636,417

Cash at bank and in hand

608,218

370,938

2,464,878

2,007,355

CREDITORS

Amounts falling due within one year

7

660,074

392,936

NET CURRENT ASSETS

1,804,804

1,614,419

TOTAL ASSETS LESS CURRENT LIABILITIES

1,859,959

1,687,252

CREDITORS

Amounts falling due after more than one year

8

(232,330

)

(86,080

)

PROVISIONS FOR LIABILITIES

(10,312

)

(14,290

)

NET ASSETS

1,617,317

1,586,882

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,617,217

1,586,782

SHAREHOLDERS' FUNDS

1,617,317

1,586,882

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

T Stonock - Director

1.	STATUTORY INFORMATION

Chris Stonock 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the director considers to be appropriate.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those concluded at market rate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Improvements to property

-

Straight line over 5 years

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% Straight line

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 80 (2023 - 68 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

211,429

AMORTISATION

At 1 January 2024

and 31 December 2024

211,429

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

130,021

116,555

47,015

129,342

422,933

Additions

-

2,083

-

10,042

12,125

Disposals

-

(2,083

)

-

-

(2,083

)

At 31 December 2024

130,021

116,555

47,015

139,384

432,975

DEPRECIATION

At 1 January 2024

129,165

87,684

21,331

111,920

350,100

Charge for year

396

5,774

6,421

15,129

27,720

At 31 December 2024

129,561

93,458

27,752

127,049

377,820

NET BOOK VALUE

At 31 December 2024

460

23,097

19,263

12,335

55,155

At 31 December 2023

856

28,871

25,684

17,422

72,833

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

131,521

120,079

Amounts owed by group undertakings

17,182

11,000

Other debtors

64,920

97,353

213,623

228,432

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,628,704

1,385,996

Other debtors

14,333

21,989

1,643,037

1,407,985

Aggregate amounts

1,856,660

1,636,417

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

123,750

-

Trade creditors

93,660

82,191

Amounts owed to group undertakings

108,684

66,352

Taxation and social security

212,670

146,220

Other creditors

121,310

98,173

660,074

392,936

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

232,330

86,080

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

64,350

75,397

Between one and five years

180,000

171,345

In more than five years

95,021

43,750

339,371

290,492

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

356,080

86,080

The bank borrowing is secured by a debenture containing a fixed and floating charge secured on the assets of the company.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

T Stonock

Balance outstanding at start of year

43,471

21,879

Amounts advanced

153,764

43,471

Amounts repaid

(197,545

)

(21,879

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(310

)

43,471

No interest was charged.

12.	RELATED PARTY DISCLOSURES

2024

2023

£

£

Amounts owed (to) / from related companies

(91,502

)

(43,636

)

No interest was charged.

Amounts owed from loan to SIP

25,050

35,767

13.	ULTIMATE PARENT COMPANY

The ultimate parent company is Tim Stonock Limited, a company incorporated in the United Kingdom. The registered office address is Your-Move, 53 Front Street, Chester Le Street, County Durham, DH3 3BH.