Company Registration No. 6511559 (England and Wales)
B. Stapleton & Son Limited
Unaudited accounts
for the year ended 28 February 2023
B. Stapleton & Son Limited
Unaudited accounts
Contents
B. Stapleton & Son Limited
Company Information
for the year ended 28 February 2023
Director
Matthew Stapleton
Company Number
6511559 (England and Wales)
Registered Office
9 Parkend
Harlow Business Park
Harlow
Essex
CM19 5QF
England
Accountants
Accountancy & Book-Keeping Services
31 Wilga Road
Welwyn
Hertfordshire
AL6 9PT
B. Stapleton & Son Limited
Statement of financial position
as at 28 February 2023
Tangible assets
54,126
20,802
Cash at bank and in hand
69,893
9,835
Creditors: amounts falling due within one year
(427,541)
(340,129)
Net current liabilities
(353,645)
(327,884)
Net liabilities
(299,519)
(307,082)
Called up share capital
1
1
Profit and loss account
(299,520)
(307,083)
Shareholders' funds
(299,519)
(307,082)
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 27 November 2023 and were signed on its behalf by
Matthew Stapleton
Director
Company Registration No. 6511559
B. Stapleton & Son Limited
Notes to the Accounts
for the year ended 28 February 2023
B. Stapleton & Son Limited is a private company, limited by shares, registered in England and Wales, registration number 6511559. The registered office is 9 Parkend, Harlow Business Park, Harlow, Essex, CM19 5QF, 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
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2022
126,426
50,552
176,978
Additions
9,856
37,000
46,856
At 28 February 2023
136,282
87,552
223,834
At 1 March 2022
109,776
46,400
156,176
Charge for the year
5,301
8,231
13,532
At 28 February 2023
115,077
54,631
169,708
At 28 February 2023
21,205
32,921
54,126
At 28 February 2022
16,650
4,152
20,802
B. Stapleton & Son Limited
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
15,337
20,811
Taxes and social security
2,649
2,649
Loans from directors
409,555
314,879
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).