Company Registration No. 8922376 (England and Wales)
STOCK & BAILEY LIMITED
Unaudited accounts
for the year ended 31 March 2021
STOCK & BAILEY LIMITED
Unaudited accounts
Contents
STOCK & BAILEY LIMITED
Company Information
for the year ended 31 March 2021
Directors
Mr Paul Bailey
Mr Colin Bennett
Mr Ashley Stock
Company Number
8922376 (England and Wales)
Registered Office
UNIT 27, STATION HILL
THURSTON
BURY ST. EDMUNDS
SUFFOLK
IP31 3QU
ENGLAND
Accountants
ABBEYGATE ACCOUNTANCY LTD
UNIT 27 STATION HILL
THURSTON
BURY ST. EDMUNDS
ENGLAND
IP31 3QU
STOCK & BAILEY LIMITED
Statement of financial position
as at
31 March 2021
Tangible assets
274,656
270,649
Inventories
42,711
42,711
Cash at bank and in hand
1,563
(3,201)
Creditors: amounts falling due within one year
(343,235)
(380,605)
Net current liabilities
(276,565)
(308,803)
Total assets less current liabilities
(1,909)
(38,154)
Creditors: amounts falling due after more than one year
(50,000)
-
Net liabilities
(51,909)
(38,154)
Called up share capital
100
100
Profit and loss account
(52,009)
(38,254)
Shareholders' funds
(51,909)
(38,154)
For the year ending 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 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 31 December 2021 and were signed on its behalf by
Mr Paul Bailey
Director
Company Registration No. 8922376
STOCK & BAILEY LIMITED
Notes to the Accounts
for the year ended 31 March 2021
STOCK & BAILEY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8922376. The registered office is UNIT 27, STATION HILL, THURSTON, BURY ST. EDMUNDS, SUFFOLK, IP31 3QU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2020
250,000
49,431
2,400
-
-
301,831
Additions
-
-
-
10,154
717
10,871
At 31 March 2021
250,000
49,431
2,400
10,154
717
312,702
At 1 April 2020
-
29,089
2,093
-
-
31,182
Charge for the year
-
6,609
76
-
179
6,864
At 31 March 2021
-
35,698
2,169
-
179
38,046
At 31 March 2021
250,000
13,733
231
10,154
538
274,656
At 31 March 2020
250,000
20,342
307
-
-
270,649
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
4,592
2,848
STOCK & BAILEY LIMITED
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
275,000
275,000
Trade creditors
26,392
9,897
Taxes and social security
40,287
7,978
Loans from directors
20,685
36,000
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 21 (2020: 20).