ACCOUNTS - Final Accounts

Registered number: 00616268

STANLEY BYRON & SONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

For the Year Ended 31 December 2024

STANLEY BYRON & SONS LIMITED

Registered number: 00616268

BALANCE SHEET

As at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		1		1
			1		1
Current assets
Stocks	5	38,236		35,308
Debtors: amounts falling due within one year	6	14,551		13,433
Cash at bank and in hand	7	47,873		50,985
		100,660		99,726
Creditors: amounts falling due within one year	8	(88,154)		(75,917)
Net current assets			12,506		23,809
Total assets less current liabilities			12,507		23,810

Net assets			12,507		23,810

Capital and reserves
Called up share capital	3,003	3,003
Profit and loss account	9,504	20,807
	12,507	23,810

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STANLEY BYRON & SONS LIMITED

Registered number: 00616268

BALANCE SHEET (CONTINUED)

As at 31 December 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

N. S. Byron

Director

Date: 12 November 2025

The notes on pages 3 to 6 form part of these financial statements.

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STANLEY BYRON & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 December 2024

1.	General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (No. 00616268). The registered office is 73 - 77 Coronation Road, Crosby, Liverpool, Merseyside, L23 5RE.
These financial statements present information about the company as an individual undertaking; it is not a member of a group of companies.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentation currency is pound sterling.

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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STANLEY BYRON & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 December 2024

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Motor vehicles	-	25%	reducing balance
				Fixtures and fittings	-	15%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

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STANLEY BYRON & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 December 2024

4.	TANGIBLE FIXED ASSETS

	Motor vehicles	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 1 January 2024	6,500	4,277	10,777
At 31 December 2024	6,500	4,277	10,777
Depreciation
At 1 January 2024	6,500	4,276	10,776
At 31 December 2024	6,500	4,276	10,776
Net book value
At 31 December 2024	-	1	1
At 31 December 2023	-	1	1

5.	Stocks
		2024	2023
		£	£

Finished goods and goods for resale	38,236	35,308
	38,236	35,308

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STANLEY BYRON & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 December 2024

Debtors

					2024	2023
					£	£


Trade debtors	12,271	11,619
Prepayments and accrued income	2,280	1,814
	14,551	13,433

7.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	47,873	50,985
	47,873	50,985

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	1,983	3,069
Other taxation and social security	58	466
Other creditors	83,333	70,402
Accruals and deferred income	2,780	1,980
	88,154	75,917

9.	Controlling party

The company is controlled by its directors.

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