Company Registration No. 09721772 (England and Wales)
Stock Re-manufacturing Limited
Unaudited accounts
for the year ended 31 March 2023
Stock Re-manufacturing Limited
Unaudited accounts
Contents
Stock Re-manufacturing Limited
Company Information
for the year ended 31 March 2023
Directors
Jeffrey Stock
Stuart Parsons
Company Number
09721772 (England and Wales)
Registered Office
Innovation House
Speculation Road Forest Vale Industrial
Cinderford
Gloucestershire
GL14 2YD
United Kingdom
Accountants
Blue Cube Accountants Limited
Britwell Grange
Britwell Road
Burnham
SL1 8DF
Stock Re-manufacturing Limited
Statement of financial position
as at 31 March 2023
Tangible assets
26,681
1,001
Cash at bank and in hand
23,202
-
Creditors: amounts falling due within one year
(273,475)
(150,238)
Net current assets/(liabilities)
25,535
(110,639)
Total assets less current liabilities
52,216
(109,638)
Creditors: amounts falling due after more than one year
(37,302)
(29,745)
Net assets/(liabilities)
14,914
(139,383)
Called up share capital
12
12
Profit and loss account
14,902
(139,395)
Shareholders' funds
14,914
(139,383)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by
Jeffrey Stock
Director
Company Registration No. 09721772
Stock Re-manufacturing Limited
Notes to the Accounts
for the year ended 31 March 2023
Stock Re-manufacturing Limited is a private company, limited by shares, registered in England and Wales, registration number 09721772. The registered office is Innovation House, Speculation Road Forest Vale Industrial , Cinderford, Gloucestershire, GL14 2YD, United Kingdom.
2
Compliance with accounting standards
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to the UK and Republic of Ireland’ including the provisions of Section 1A "Small Entities" and the Companies Act 2006.
The transition to FRS 102 Section 1A Small Entities has not resulted in any changes in accounting policies.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling (£), which is also the functional currency of the company.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
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 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.
Stock Re-manufacturing Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
25,071
-
25,071
At 31 March 2023
25,071
28,512
53,583
At 1 April 2022
24,070
-
24,070
Charge for the year
(19)
2,851
2,832
At 31 March 2023
24,051
2,851
26,902
At 31 March 2023
1,020
25,661
26,681
At 31 March 2022
1,001
-
1,001
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Accrued income and prepayments
1,700
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
12,676
Obligations under finance leases and hire purchase contracts
5,513
-
Trade creditors
89,389
124,785
Taxes and social security
36,808
3,335
Other creditors
3,132
2,635
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
15,635
-
Stock Re-manufacturing Limited
Notes to the Accounts
for the year ended 31 March 2023
Allotted, called up and fully paid:
12 Ordinary shares of £1 each
12
12
9
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,512
-
Later than one year and not later than five years
15,635
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
-
2,000
-
2,000
The loan to Mr S Parsons is fully repayable and interest free.
11
Transactions with related parties
Within creditors is £2,000 (2022 - £6,600) owed to Stock Sweepers Limited which is a company owned and controlled by the directors.
12
Average number of employees
During the year the average number of employees was 9 (2022: 7).
