REGISTERED NUMBER: 01196261 (England and Wales)

CYRIL BASON (STOKESAY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D W Evans

Mrs W J Evans

Mrs S Demos

SECRETARY:

Mrs S Demos

REGISTERED OFFICE:

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

REGISTERED NUMBER:

01196261 (England and Wales)

ACCOUNTANTS:

Davies Edwards & Co

Chartered Certified Accountants

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

FIXED ASSETS

Tangible assets

4

38,548

41,422

CURRENT ASSETS

Stocks

90,955

109,622

Debtors

5

9,837

29,382

Cash at bank and in hand

17,908

42,021

118,700

181,025

CREDITORS

Amounts falling due within one year

6

54,994

64,397

NET CURRENT ASSETS

63,706

116,628

TOTAL ASSETS LESS CURRENT LIABILITIES

102,254

158,050

CREDITORS

Amounts falling due after more than one year

7

(1,691

)

(11,641

)

PROVISIONS FOR LIABILITIES

(2,245

)

(2,708

)

NET ASSETS

98,318

143,701

CAPITAL AND RESERVES

Called up share capital

8

8,225

8,225

Retained earnings

9

90,093

135,476

SHAREHOLDERS' FUNDS

98,318

143,701

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2025 and were signed on its behalf by:

D W Evans - Director

1.	STATUTORY INFORMATION

Cyril Bason (Stokesay) 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

Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

not provided

Improvements to property

-

2% on cost

Fixtures, fittings and equipment

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Office and computer equipment

-

33% on cost and 10% 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 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.

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

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.

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 5 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Improvements

fittings

Freehold

to

and

property

property

equipment

£

£

£

COST

At 1 April 2024

20,080

22,113

15,678

Additions

-

-

-

Disposals

-

-

-

At 31 March 2025

20,080

22,113

15,678

DEPRECIATION

At 1 April 2024

-

15,021

9,717

Charge for year

-

442

597

Eliminated on disposal

-

-

-

At 31 March 2025

-

15,463

10,314

NET BOOK VALUE

At 31 March 2025

20,080

6,650

5,364

At 31 March 2024

20,080

7,092

5,961

Office

and

Motor

computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

19,248

4,430

81,549

Additions

-

449

449

Disposals

-

(3,167

)

(3,167

)

At 31 March 2025

19,248

1,712

78,831

DEPRECIATION

At 1 April 2024

11,129

4,260

40,127

Charge for year

2,030

254

3,323

Eliminated on disposal

-

(3,167

)

(3,167

)

At 31 March 2025

13,159

1,347

40,283

NET BOOK VALUE

At 31 March 2025

6,089

365

38,548

At 31 March 2024

8,119

170

41,422

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

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

19,247

DEPRECIATION

At 1 April 2024

11,128

Charge for year

2,030

At 31 March 2025

13,158

NET BOOK VALUE

At 31 March 2025

6,089

At 31 March 2024

8,119

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,234

20,731

Directors' current accounts

2,365

2,606

Tax

-

15

VAT

-

2,691

Prepayments and accrued income

3,238

3,339

9,837

29,382

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

5,090

Hire purchase contracts

3,402

3,402

Trade creditors

45,052

49,830

Tax

13

28

Social security and other taxes

1,566

780

NEST

267

99

VAT

1,530

-

Accruals and deferred income

3,164

5,168

54,994

64,397

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

5,220

Bank loans - 2-5 years

-

1,328

Hire purchase contracts

1,691

5,093

1,691

11,641

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

8,225

Ordinary

£1

8,225

8,225

9.

RESERVES

Retained

earnings

£

At 1 April 2024

135,476

Deficit for the year

(42,751

)

Dividends

(2,632

)

At 31 March 2025

90,093

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

D W Evans and Mrs W J Evans

Balance outstanding at start of year

1,362

2,393

Amounts advanced

3,279

1,913

Amounts repaid

(2,632

)

(2,944

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,009

1,362

Mrs S Demos

Balance outstanding at start of year

1,244

597

Amounts advanced

1,764

1,659

Amounts repaid

(2,652

)

(1,012

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

356

1,244

During the year total dividends of £2,632 were paid to the directors.