REGISTERED NUMBER: 06760051 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Stocks Engineering Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C T Morgan

Mrs D M Morgan

SECRETARY:

Mr C T Morgan

REGISTERED OFFICE:

The Forge Garage

Woonton

Hereford

Herefordshire

HR3 6QN

REGISTERED NUMBER:

06760051 (England and Wales)

ACCOUNTANTS:

A D Accounts Limited

Rural Enterprise Centre

Vincent Carey Road

Rotherwas

Hereford

Herefordshire

HR2 6FE

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

232,239

178,818

232,239

178,818

CURRENT ASSETS

Stocks

9,300

13,800

Debtors

20,544

6,824

Cash at bank

264,556

161,847

294,400

182,471

CREDITORS

Amounts falling due within one year

(210,897

)

(152,361

)

NET CURRENT ASSETS

83,503

30,110

TOTAL ASSETS LESS CURRENT LIABILITIES

315,742

208,928

CREDITORS

Amounts falling due after more than one year

(20,060

)

-

PROVISIONS FOR LIABILITIES

(42,761

)

(41,082

)

NET ASSETS

252,921

167,846

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

251,921

166,846

SHAREHOLDERS' FUNDS

252,921

167,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

Mr C T Morgan - Director

1.	STATUTORY INFORMATION

Stocks Engineering 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 2010, 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.

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

-

10% on cost and not provided

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset after deducting all of its liabilities.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

17,000

AMORTISATION

At 1 February 2024

and 31 January 2025

17,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

343,355

Additions

150,086

Disposals

(95,705

)

At 31 January 2025

397,736

DEPRECIATION

At 1 February 2024

164,537

Charge for year

27,282

Eliminated on disposal

(26,322

)

At 31 January 2025

165,497

NET BOOK VALUE

At 31 January 2025

232,239

At 31 January 2024

178,818

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

Mr C T Morgan and Mrs D M Morgan

Balance outstanding at start of year

(1,205

)

(23,967

)

Amounts advanced

2,410

22,762

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,205

(1,205

)