Stanton Ralph & Co Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08912561 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

FOR

STANTON RALPH & CO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D B Foot FCA

A C Ralph FCA

P A Wood FCA

Mrs A L Hill FCA

REGISTERED OFFICE:

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

REGISTERED NUMBER:

08912561 (England and Wales)

FIXED ASSETS

15,435

Intangible assets

4

7,719

90,725

Tangible assets

5

72,673

248,653

Investments

6

248,653

354,813

329,045

CURRENT ASSETS

148,400

Stocks

147,390

382,729

Debtors

7

358,867

263,169

Cash at bank and in hand

206,660

794,298

712,917

CREDITORS

597,591

Amounts falling due within one year

8

363,976

196,707

NET CURRENT ASSETS

348,941

551,520

TOTAL ASSETS LESS CURRENT LIABILITIES

677,986

CREDITORS

(78,608

)

Amounts falling due after more than one year

9

(66,266

)

(5,267

)

PROVISIONS FOR LIABILITIES

(5,267

)

467,645

NET ASSETS

606,453

CAPITAL AND RESERVES

300

Called up share capital

300

467,345

Retained earnings

606,153

467,645

SHAREHOLDERS' FUNDS

606,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th February 2023 and were signed on its behalf by:

D B Foot FCA - Director

A C Ralph FCA - Director

P A Wood FCA - Director

Mrs A L Hill FCA - Director

1.	STATUTORY INFORMATION

Stanton Ralph & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in 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 under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Stanton Ralph & Co Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied, excluding value added tax. Revenue includes work in progress recognised once the economic benefits of the company's work have been passed to customers.

Goodwill

Goodwill, being the amounts paid in connection with the acquisition of previous businesses in 2011 is being amortised evenly over the remaining estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company contributes to defined contribution pension schemes. Contributions payable to the pension schemes are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2021 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2021

and 31st March 2022

308,450

AMORTISATION

At 1st April 2021

293,015

Charge for year

7,716

At 31st March 2022

300,731

NET BOOK VALUE

At 31st March 2022

7,719

At 31st March 2021

15,435

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2021

128,469

Additions

6,126

Disposals

(3,202

)

At 31st March 2022

131,393

DEPRECIATION

At 1st April 2021

37,744

Charge for year

24,178

Eliminated on disposal

(3,202

)

At 31st March 2022

58,720

NET BOOK VALUE

At 31st March 2022

72,673

At 31st March 2021

90,725

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2021

and 31st March 2022

248,653

NET BOOK VALUE

At 31st March 2022

248,653

At 31st March 2021

248,653

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

308,814

325,146

Other debtors

50,053

57,583

358,867

382,729

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

10,000

10,000

Hire purchase contracts

3,960

3,960

Trade creditors

35,716

36,864

Taxation and social security

228,522

239,882

Other creditors

85,778

306,885

363,976

597,591

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

31,667

40,000

Hire purchase contracts

34,599

38,608

66,266

78,608

10.	POST BALANCE SHEET EVENTS

Following the balance sheet date, the company was acquired by Stanton Ralph Property Limited. As a result of the acquisition, Stanton Ralph & Co Limited is a subsidiary of Stanton Ralph Property Limited from the date of acquisition of 22nd July 2022.