REGISTERED NUMBER: 07526020 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STOCKMANS (SOUTH WEST) LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

E G Campbell

REGISTERED OFFICE:

8A Bartholomew Terrace

Exeter

Devon

EX4 3BW

REGISTERED NUMBER:

07526020 (England and Wales)

FIXED ASSETS

Tangible assets

4

16,316

27,986

CURRENT ASSETS

Stocks

6,750

6,500

Debtors

5

564,060

428,683

Cash at bank and in hand

8,916

12,613

579,726

447,796

CREDITORS

Amounts falling due within one year

6

336,576

274,520

NET CURRENT ASSETS

243,150

173,276

TOTAL ASSETS LESS CURRENT LIABILITIES

259,466

201,262

CREDITORS

Amounts falling due after more than one year

7

(11,715

)

(27,861

)

PROVISIONS FOR LIABILITIES

(4,079

)

(6,305

)

NET ASSETS

243,672

167,096

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

243,572

166,996

SHAREHOLDERS' FUNDS

243,672

167,096

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 her 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 director and authorised for issue on 29 December 2025 and were signed by:

E G Campbell - Director

1.	STATUTORY INFORMATION

Stockmans (South West) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

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 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.

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 20 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

equipment

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

28,021

920

53,301

82,242

Additions

1,301

-

-

1,301

At 31 December 2024

29,322

920

53,301

83,543

DEPRECIATION

At 1 January 2024

23,085

624

30,547

54,256

Charge for year

1,457

138

11,376

12,971

At 31 December 2024

24,542

762

41,923

67,227

NET BOOK VALUE

At 31 December 2024

4,780

158

11,378

16,316

At 31 December 2023

4,936

296

22,754

27,986

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

10,040

Other debtors

564,060

418,643

564,060

428,683

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

33,061

38,094

Hire purchase contracts (see note 8)

5,798

10,656

Trade creditors

54,803

38,489

Taxation and social security

188,007

166,340

Other creditors

54,907

20,941

336,576

274,520

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

6,084

16,432

Hire purchase contracts (see note 8)

5,631

11,429

11,715

27,861

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

5,798

10,656

Between one and five years

5,631

11,429

11,429

22,085

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

60,000

60,000

Between one and five years

-

60,000

60,000

120,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

1

100

100

10.	CONTINGENT LIABILITIES

Since the year end, the company has been subject to an investigation by His Majesty's Revenue and Customs. The investigation is ongoing and it is currently not practicable to estimate the financial effect or timing of any additional tax or penalties which may be assessed as payable.

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:

31.12.24

31.12.23

£

£

E G Campbell

Balance outstanding at start of year

6,001

8,906

Amounts advanced

82,866

24,595

Amounts repaid

(30,000

)

(27,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

58,867

6,001

The loan is subject to interest at the approved rate, unsecured and repayable on demand.