A.E. Stoodley & Son Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 8

A.E. Stoodley & Son Limited

(Registration number: 05108047)
Statement of Financial Position as at 30 June 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	179,579	227,029
Current assets
Stocks	6	21,557	16,230
Debtors	7	129,471	133,093
Cash at bank and in hand		236,527	191,958
		387,555	341,281
Creditors: Amounts falling due within one year	8	(119,379)	(113,965)
Net current assets		268,176	227,316
Total assets less current liabilities		447,755	454,345
Provisions for liabilities		(14,994)	(23,362)
Net assets		432,761	430,983
Capital and reserves
Called up share capital		53	53
Profit and loss account		432,708	430,930
Shareholders' funds		432,761	430,983

For the financial year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 21 October 2026
 

Mrs T D Macklin Director

A.E. Stoodley & Son Limited

Notes to the Unaudited Financial Statements for the
Year Ended 30 June 2026

1	General information

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

The address of its registered office is:
Timberly
South Street
Axminster
Devon
EX13 5AD

Principal activity

The principal activity of the company is Funeral and related activities

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

A.E. Stoodley & Son Limited

Notes to the Unaudited Financial Statements for the
Year Ended 30 June 2026 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue 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 current and 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable 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.

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.

A.E. Stoodley & Son Limited

Notes to the Unaudited Financial Statements for the
Year Ended 30 June 2026 (continued)

2	Accounting policies (continued)

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:

Asset class	Depreciation method and rate
Long leasehold property	1/12th Straight line
Fixtures, fittings and equipment	25% Reducing balance
Motor vehicles	25% Reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

A.E. Stoodley & Son Limited

Notes to the Unaudited Financial Statements for the
Year Ended 30 June 2026 (continued)

2	Accounting policies (continued)

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.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2025 - 9).

A.E. Stoodley & Son Limited

Notes to the Unaudited Financial Statements for the
Year Ended 30 June 2026 (continued)

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 July 2025	70,000	70,000
At 30 June 2026	70,000	70,000
Amortisation
At 1 July 2025	70,000	70,000
At 30 June 2026	70,000	70,000
Carrying amount
At 30 June 2026	-	-

5	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 July 2025	91,438	212,255	259,270	562,963
Additions	-	585	-	585
Disposals	-	(12,900)	(28,601)	(41,501)
At 30 June 2026	91,438	199,940	230,669	522,047
Depreciation
At 1 July 2025	14,904	121,512	199,518	335,934
Charge for the year	7,620	22,068	14,823	44,511
Eliminated on disposal	-	(9,838)	(28,139)	(37,977)
At 30 June 2026	22,524	133,742	186,202	342,468
Carrying amount
At 30 June 2026	68,914	66,198	44,467	179,579
At 30 June 2025	76,534	90,743	59,752	227,029

Included within the net book value of land and buildings above is £68,914 (2025 - £76,534) in respect of long leasehold land and buildings.
 

A.E. Stoodley & Son Limited

Notes to the Unaudited Financial Statements for the
Year Ended 30 June 2026 (continued)

6

Stocks

	2026 £	2025 £
Finished goods and goods for resale	21,557	16,230

7

Debtors

	2026 £	2025 £
Trade debtors	112,542	115,632
Other debtors	6,284	3,488
Prepayments	10,645	13,973
	129,471	133,093

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	53,639	42,637
Taxation and social security	25,545	27,300
Accruals and deferred income	40,195	44,028
	119,379	113,965

9

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

A.E. Stoodley & Son Limited

Notes to the Unaudited Financial Statements for the
Year Ended 30 June 2026 (continued)

10	Related party transactions

Transactions with the director

2026	At 1 July 2025 £	Advances to director £	Repayments by director £	At 30 June 2026 £
Mrs T D Macklin
	1,374	45,981	(43,725)	3,630

2025	At 1 July 2024 £	Advances to director £	Repayments by director £	At 30 June 2025 £
Mrs T D Macklin
	(346)	43,007	(41,287)	1,374