Arthur H Stockwell Limited
|
Registered Number
:
00209422
|
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2021
Arthur H Stockwell Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Arthur H Stockwell Limited
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
3,757
4,035
2
3,757
4,035
52,183
51,232
3
Trade and other receivables
|
18,871
9,412
4
49,999
Cash and cash equivalents
|
77,881
138,525
121,053
Trade and other payables
:
amounts falling due within
|
one year
|
(125,294)
(130,914)
5
(4,241)
7,611
Net current assets
Total assets less current liabilities
|
11,368
(206)
11,368
Net assets/liabilities
(206)
1,000
1,000
10,368
(1,206)
11,368
(206)
Shareholders' funds
For the year ended 31 March 2021 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 of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as
|
at the end of each financial year and of its profit or loss for each financial year in accordance with the
|
requirements of Section
394
and
395
and which otherwise comply with the requirements of the
|
Companies Act
2006
relating to financial statements
,
so far as applicable to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
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For the year ended 31 March 2021
Arthur H Stockwell Limited
Statement of Financial Position Continued
Mr Richard Jonathan George Stockwell Director
|
These financial statements were approved and authorised for issue by the Board on 25 August 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2021
Arthur H Stockwell Limited
Notes to the Financial Statements
Statutory Information
Arthur H Stockwell Limited is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
00209422
.
|
Torrs Park
Ilfracombe
Devon
EX34 8BA
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of
|
Financial Reporting Standard
102
''
The Financial Reporting Standard applicable in the UK and Republic
|
of Ireland
''
and the Companies Act
2006
.
The financial statements have been prepared under the
|
historical costs convention as modified by the revaluation of certain assets
.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and Buildings
Plant and Machinery
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
|
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
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For the year ended 31 March 2021
Arthur H Stockwell Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
188,535
5,291
179,732
3,512
644
-
644
-
3,512
180,376
5,291
189,179
Provision for depreciation and impairment
|
184,500
5,291
175,697
3,512
Charge for year
922
-
922
-
185,422
5,291
176,619
3,512
-
3,757
-
3,757
-
4,035
-
4,035
2020
2021
51,232
52,183
Inventories are valued at the lower of cost and selling price less costs to complete and sell. Cost is defined as the actual cost of materials. Provision is made for obsolete and slow-moving items. In respect of work in progress this is the percentage of any sales contract that has been completed within the year but invoiced after the year end and is based on the sales invoice total.
|
4
.
Trade and other receivables
|
2020
2021
3,399
1,977
6,013
16,894
18,871
9,412
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For the year ended 31 March 2021
Arthur H Stockwell Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
1,580
7,719
Taxation and social security
|
3,279
2,816
126,055
114,759
130,914
125,294
6
.
Related party transactions
|
The company director Richard Stockwell received £
5
,
500
(
2020
£
5
,
200
)
rent from the company for use
|
of it
'
s premises
.
This was the total amount due and fully paid in the year
.
|
Rent paid to the other two property owners both of which are connected parties totalled £
11
,
000
(
2020
|
£
11
,
200
)
,
there being no amount outstanding as at
31
March
2021
. (
2020
nil
).
|
The director Mr R J G Stockwell and his two sisters each own
660
shares each
,
the remaining
20
shares
|
are held by Mrs S Stockwell
(
Richard Stockwell
'
s wife
)
hence he has a controlling interest in the
|
company
.
|
7
.
Guarantees and other financial commitments
|
Other financial commitments
|
The company rents it's premises at an annual rent of £16,500 (2020 16,800).
8
.
Average number of persons employed
|
During the year the average number of employees was 8 (2020 : 8)
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