The Stockport Manufacturing Company (1950) Limited - Period Ending 2020-02-29
The Stockport Manufacturing Company (1950) Limited - Period Ending 2020-02-29
Registration number:
The Stockport Manufacturing Company (1950) Limited
for the Year Ended 29 February 2020
The Stockport Manufacturing Company (1950) Limited
Contents
Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
The Stockport Manufacturing Company (1950) Limited
Company Information
Directors |
Mrs S Read Mr S A Rodman Mrs S M Thompson Mrs C L Holcroft |
Company secretary |
Mrs C L Holcroft |
Registered office |
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Accountants |
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The Stockport Manufacturing Company (1950) Limited
(Registration number: 03807740)
Abridged Balance Sheet as at 29 February 2020
Note |
2020 |
2019 |
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Fixed assets |
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Investments |
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Capital and reserves |
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Called up share capital |
9,000 |
9,000 |
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Shareholders' funds |
9,000 |
9,000 |
For the financial year ending 29 February 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
.........................................
Company secretary and director
The Stockport Manufacturing Company (1950) Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2020
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
The Stockport Manufacturing Company (1950) Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2020
Investments |
Total |
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Cost or valuation |
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At 1 March 2019 |
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Provision |
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Carrying amount |
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At 29 February 2020 |
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At 28 February 2019 |
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2020 |
2019 |
Share capital |
Allotted, called up and fully paid shares
2020 |
2019 |
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No. |
£ |
No. |
£ |
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9,000 |
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9,000 |