REGISTERED NUMBER: 15772026 (England and Wales)

Unaudited Financial Statements

for the Period 11 June 2024 to 31 December 2024

for

Stockfilms Trading Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R.J. Walton

T.R. Walton

REGISTERED OFFICE:

45-47 Lancaster Road

Barnet

EN4 8AR

REGISTERED NUMBER:

15772026 (England and Wales)

ACCOUNTANTS:

Pace Accountants

Noble House

Eaton Road

Hemel Hempstead

Hertfordshire

HP2 7UB

FIXED ASSETS

Intangible assets

4

1,571,667

Tangible assets

5

98,120

1,669,787

CURRENT ASSETS

Stocks

662,077

Debtors

6

268,380

Cash at bank

746,405

1,676,862

CREDITORS

Amounts falling due within one year

7

649,106

NET CURRENT ASSETS

1,027,756

TOTAL ASSETS LESS CURRENT LIABILITIES

2,697,543

CREDITORS

Amounts falling due after more than one year

8

(854,978

)

PROVISIONS FOR LIABILITIES

(7,975

)

NET ASSETS

1,834,590

CAPITAL AND RESERVES

Called up share capital

1,700,102

Retained earnings

134,488

1,834,590

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

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

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 30 September 2025 and were signed on its behalf by:

R.J. Walton - Director

1.	STATUTORY INFORMATION

Stockfilms Trading Ltd 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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

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.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks 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 period 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Trademarks

Totals

£

£

£

COST

Additions

810,000

830,000

1,640,000

At 31 December 2024

810,000

830,000

1,640,000

AMORTISATION

Amortisation for period

33,750

34,583

68,333

At 31 December 2024

33,750

34,583

68,333

NET BOOK VALUE

At 31 December 2024

776,250

795,417

1,571,667

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

Additions

1,660,000

21,467

66,497

20,896

1,768,860

Disposals

(1,660,000

)

(316

)

-

(1,545

)

(1,661,861

)

At 31 December 2024

-

21,151

66,497

19,351

106,999

DEPRECIATION

Charge for period

-

1,322

5,541

2,016

8,879

At 31 December 2024

-

1,322

5,541

2,016

8,879

NET BOOK VALUE

At 31 December 2024

-

19,829

60,956

17,335

98,120

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

56,463

At 31 December 2024

56,463

DEPRECIATION

Charge for period

4,705

At 31 December 2024

4,705

NET BOOK VALUE

At 31 December 2024

51,758

6.

DEBTORS

£

Amounts falling due within one year:

Trade debtors

178,278

Other debtors

55,208

233,486

Amounts falling due after more than one year:

Other debtors

34,894

Aggregate amounts

268,380

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

9,988

Trade creditors

172,819

Taxation and social security

104,030

Other creditors

362,269

649,106

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

15,814

Other creditors

839,164

854,978

9.	RELATED PARTY DISCLOSURES

Aggregated transactions with related parties during the year amounted to £68,750.

The aggregated balances owed to related parties at the year end amounted to £1,260,779.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Lanstow Holdings Ltd.