Registration number: 00682480

Stannards (Stowmarket) Ltd

Contents

Company Information	1
Statement of financial position	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Stannards (Stowmarket) Ltd

Company Information

Directors

Mr AJ Cooper Mr NJ Bensley Mr PN Bensley

Company secretary

Mr AJ Cooper

Registered office

20A Charles Ind Est Stowmarket Suffolk IP14 5AH

Stannards (Stowmarket) Ltd

(Registration number: 00682480)
Statement of financial position as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	9,885	91,893
Other financial assets	6	15,713	15,713
		25,598	107,606
Current assets
Stocks	7	97,843	116,397
Debtors	8	17,893	30,317
Cash at bank and in hand		7,899	2,980
		123,635	149,694
Creditors: Amounts falling due within one year	9	(116,146)	(160,997)
Net current assets/(liabilities)		7,489	(11,303)
Total assets less current liabilities		33,087	96,303
Creditors: Amounts falling due after more than one year	9	-	(2,465)
Provisions for liabilities		(960)	(3,361)
Net assets		32,127	90,477
Capital and reserves
Called up share capital		100	100
Revaluation reserve		13,072	22,159
Retained earnings		18,955	68,218
Shareholders' funds		32,127	90,477

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 24 September 2026 and signed on its behalf by:
 

Stannards (Stowmarket) Ltd

(Registration number: 00682480)
Statement of financial position as at 28 February 2026

......................................... Mr PN Bensley Director

Stannards (Stowmarket) Ltd

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
20A Charles Ind Est
Stowmarket
Suffolk
IP14 5AH

These financial statements were authorised for issue by the Board on 24 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Stannards (Stowmarket) Ltd

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Land and buildings	Not depreciated
Fixtures, fittings and equipment	25% reducing balance
Motor vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Stannards (Stowmarket) Ltd

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2025 - 6).

4

Taxation

Tax charged/(credited) in the statement of comprehensive income

	2026 £	2025 £
Deferred taxation
Arising from origination and reversal of timing differences	(2,401)	604

Stannards (Stowmarket) Ltd

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2025	80,000	8,235	21,720	109,955
Additions	-	545	-	545
Disposals	(80,000)	-	-	(80,000)
At 28 February 2026	-	8,780	21,720	30,500
Depreciation
At 1 March 2025	-	3,214	14,848	18,062
Charge for the year	-	835	1,718	2,553
At 28 February 2026	-	4,049	16,566	20,615
Carrying amount
At 28 February 2026	-	4,731	5,154	9,885
At 28 February 2025	80,000	5,021	6,872	91,893

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 March 2025	15,713	15,713
At 28 February 2026	15,713	15,713
Impairment
Carrying amount
At 28 February 2026	15,713	15,713

The investment is in CIH Ltd.

7

Stocks

	2026 £	2025 £
Finished goods and goods for resale	97,843	116,397

Stannards (Stowmarket) Ltd

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

8

Debtors

Current	2026 £	2025 £
Trade debtors	12,065	22,421
Prepayments	3,578	5,146
Other debtors	2,250	2,750
	17,893	30,317

9

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings		2,465	28,207
Trade creditors		15,572	18,887
Amounts due to related parties		82,249	98,250
Social security and other taxes		10,228	9,709
Outstanding defined contribution pension costs		7	-
Other payables		1,240	1,279
Accruals		4,385	4,665
		116,146	160,997
Due after one year
Loans and borrowings		-	2,465

10	Provisions for liabilities

	Deferred tax £	Total £
At 1 March 2025	3,361	3,361
Decrease (increase) through disposals	(2,401)	(2,401)
At 28 February 2026	960	960

Stannards (Stowmarket) Ltd

Notes to the Unaudited Financial Statements for the year ended 28 February 2026

11	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary A of £1 each	64	64	64	64
Ordinary B of £1 each	36	36	36	36
	100	100	100	100

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.