ACCOUNTS - Final Accounts preparation


Caseware UK (AP4) 2018.0.196 2018.0.1962019-08-312019-08-312020-05-27The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2018-09-01055397932018-09-012019-08-31055397932019-08-31055397932017-09-012018-08-31055397932018-08-3105539793 c:CompanySecretary1 2018-09-012019-08-3105539793 c:Director1 2018-09-012019-08-3105539793 c:Director2 2018-09-012019-08-3105539793 c:RegisteredOffice 2018-09-012019-08-3105539793 d:ComputerEquipment 2018-09-012019-08-3105539793 d:ComputerEquipment 2019-08-3105539793 d:ComputerEquipment 2018-08-3105539793 d:ComputerEquipment d:OwnedOrFreeholdAssets 2018-09-012019-08-3105539793 d:OtherPropertyPlantEquipment 2018-09-012019-08-3105539793 d:OtherPropertyPlantEquipment 2019-08-3105539793 d:OtherPropertyPlantEquipment 2018-08-3105539793 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2018-09-012019-08-3105539793 d:OwnedOrFreeholdAssets 2018-09-012019-08-3105539793 d:CurrentFinancialInstruments 2019-08-3105539793 d:CurrentFinancialInstruments 2018-08-3105539793 d:CurrentFinancialInstruments d:WithinOneYear 2019-08-3105539793 d:CurrentFinancialInstruments d:WithinOneYear 2018-08-3105539793 d:ShareCapital 2019-08-3105539793 d:ShareCapital 2018-08-3105539793 d:RetainedEarningsAccumulatedLosses 2019-08-3105539793 d:RetainedEarningsAccumulatedLosses 2018-08-3105539793 c:FRS102 2018-09-012019-08-3105539793 c:AuditExempt-NoAccountantsReport 2018-09-012019-08-3105539793 c:FullAccounts 2018-09-012019-08-3105539793 c:PrivateLimitedCompanyLtd 2018-09-012019-08-31iso4217:GBPxbrli:pure
Company registration number: 05539793







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2019


A W STOKES & SONS LIMITED






































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A W STOKES & SONS LIMITED
 


 
COMPANY INFORMATION


Directors
G M Stokes 
M L Garcia 




Company secretary
G M Stokes



Registered number
05539793



Registered office
Ashcombe House
5 The Crescent

Leatherhead

Surrey

KT22 8DY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


A W STOKES & SONS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


A W STOKES & SONS LIMITED
REGISTERED NUMBER:05539793



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2019

2019
2018
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,060,551
1,041,103

  
1,060,551
1,041,103

Current assets
  

Debtors: amounts falling due within one year
 5 
4,839
4,839

Cash at bank and in hand
  
688
653

  
5,527
5,492

Creditors: amounts falling due within one year
 6 
(712,202)
(730,709)

Net current liabilities
  
 
 
(706,675)
 
 
(725,217)

Total assets less current liabilities
  
353,876
315,886

Provisions for liabilities
  

Deferred tax
  
(26,364)
(20,189)

  
 
 
(26,364)
 
 
(20,189)

Net assets
  
327,512
295,697

Page 1

 


A W STOKES & SONS LIMITED
REGISTERED NUMBER:05539793


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2019

2019
2018
Note
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
500
500

Profit and loss account
 8 
327,012
295,197

  
327,512
295,697


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 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 on 27 May 2020.


G M Stokes
Director

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

Page 2

 


A W STOKES & SONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019

1.


General information

A W Stokes & Sons Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.
There is no principal place of business.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. .

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover represents the rental of properties (stated net of value added tax) during the year.

  
2.3

Operating leases

Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term. 
Benefits received and receivable as an incentive to sign up an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate. 

 
2.4

Going concern

The Coronavirus pandemic is creating significant uncertainty and the company is not immune to this although, at this stage, it is not possible to reliably forecast what the long term impact of this may be.  The directors are confident, however, that the company will be able to see through the current uncertainty and have agreed not to request the repayment of the loan account until funds allow. Given the uncertainties that exist, the directors believe these actions should enable the company to continue in operational existence. Therefore, it is the directors’ opinion that the going concern basis of preparation of the accounts continues to be appropriate.

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
3 years straight line

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 the Statement of Income and Retained Earnings.

Page 3

 


A W STOKES & SONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2018 - 2).

Page 4

 


A W STOKES & SONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019

4.


Tangible fixed assets





Computer equipment
Investment Property
Total

£
£
£



Cost or valuation


At 1 September 2018
1,655
1,040,000
1,041,655


Revaluations
-
20,000
20,000



At 31 August 2019

1,655
1,060,000
1,061,655



Depreciation


At 1 September 2018
552
-
552


Charge for the year on owned assets
552
-
552



At 31 August 2019

1,104
-
1,104



Net book value



At 31 August 2019
551
1,060,000
1,060,551



At 31 August 2018
1,103
1,040,000
1,041,103

Investment properties are stated at a valuation determined by the directors of the company. On the historical cost basis these would be included at an original cost of £845,160 (2018: £845,160).

Page 5

 


A W STOKES & SONS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019

5.


Debtors

2019
2018
£
£


Other debtors
4,839
4,839

4,839
4,839



6.


Creditors: Amounts falling due within one year

2019
2018
£
£

Trade creditors
-
900

Corporation tax
10,070
12,310

Other creditors
700,072
715,499

Accruals and deferred income
2,060
2,000

712,202
730,709



7.


Related party transactions

At 31 August 2019, the directors were owed £695,233 (2018: £710,660) by the company. There is no interest charged on this loan.


8.


Reserves

Investment property revaluation reserve

Included within the profit and loss account is an undistributable amount of £189,504 (2018: £174,651) relating to the fair value movement of investment properties in the year after taking into account taxation.

 
Page 6