Company Registration No. 11290602 (England and Wales)
Stock Group Limited
Unaudited accounts
for the year ended 31 March 2023
Stock Group Limited
Unaudited accounts
Contents
Stock Group Limited
Company Information
for the year ended 31 March 2023
Directors
Jeffrey Stock
Mitchell Stock
Tom Stock
Company Number
11290602 (England and Wales)
Registered Office
Innovation House
Speculation Road Forest Vale Industrial
Cinderford
GL14 2YD
United Kingdom
Accountants
Blue Cube Accountants Limited
Britwell Grange
Britwell Road
Burnham
SL1 8DF
Stock Group Limited
Statement of financial position
as at 31 March 2023
Investment property
1,576,159
1,576,159
Cash at bank and in hand
9,312
7,198
Creditors: amounts falling due within one year
(349,939)
(525,300)
Net current liabilities
(340,527)
(364,925)
Total assets less current liabilities
1,235,632
1,211,234
Creditors: amounts falling due after more than one year
(1,025,141)
(1,061,024)
Net assets
210,491
150,210
Called up share capital
100
100
Profit and loss account
210,391
150,110
Shareholders' funds
210,491
150,210
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. 11290602
Stock Group Limited
Notes to the Accounts
for the year ended 31 March 2023
Stock Group Limited is a private company, limited by shares, registered in England and Wales, registration number 11290602. The registered office is Innovation House, Speculation Road Forest Vale Industrial , Cinderford, 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 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.
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.
Fair value at 1 April 2022
1,576,159
At 31 March 2023
1,576,159
Amounts falling due within one year
Stock Group Limited
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
87,609
87,609
Amounts owed to group undertakings and other participating interests
242,668
414,374
Taxes and social security
10,750
15,331
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,025,141
1,061,024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Within creditors is £242,668 (2022 - £414,374) owed to Stock Sweepers Limited, a company owned and controlled by Mr J Stock (director).
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
