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REGISTERED NUMBER: 07429001 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

STAYINPHASE LIMITED

STAYINPHASE LIMITED (REGISTERED NUMBER: 07429001)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STAYINPHASE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTORS: J L Williams
Mrs N G Williams





REGISTERED OFFICE: Unit 7 Canvin Court
Bancombe Road Trading Estate
Somerton
Somerset
TA11 6SB





REGISTERED NUMBER: 07429001 (England and Wales)





ACCOUNTANTS: Andrews and Palmer
Chartered Accountants
32 The Square
Gillingham
Dorset
SP8 4AR

STAYINPHASE LIMITED (REGISTERED NUMBER: 07429001)

BALANCE SHEET
30 NOVEMBER 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,163 122,635

CURRENT ASSETS
Stocks 23,752 25,554
Debtors 5 55,198 70,098
Cash at bank and in hand 548,108 615,364
627,058 711,016
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

6

86,367

77,800
NET CURRENT ASSETS 540,691 633,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

651,854

755,851

PROVISIONS FOR LIABILITIES 14,764 7,431
NET ASSETS 637,090 748,420

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 637,080 748,410
SHAREHOLDERS' FUNDS 637,090 748,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

STAYINPHASE LIMITED (REGISTERED NUMBER: 07429001)

BALANCE SHEET - continued
30 NOVEMBER 2021


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 6 August 2022 and were signed on its behalf by:





J L Williams - Director


STAYINPHASE LIMITED (REGISTERED NUMBER: 07429001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

Stayinphase 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Turnover is accounted for in the period in which the goods are delivered or service is performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments
Basic financial instruments are measured at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


STAYINPHASE LIMITED (REGISTERED NUMBER: 07429001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2020 30,504 124,614 83,863 2,800 241,781
Additions - 6,071 2,146 - 8,217
At 30 November 2021 30,504 130,685 86,009 2,800 249,998
DEPRECIATION
At 1 December 2020 11,094 52,203 53,935 1,914 119,146
Charge for year 2,912 11,746 4,810 221 19,689
At 30 November 2021 14,006 63,949 58,745 2,135 138,835
NET BOOK VALUE
At 30 November 2021 16,498 66,736 27,264 665 111,163
At 30 November 2020 19,410 72,411 29,928 886 122,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade debtors 5,557 45,106
Tax - 3,807
VAT 4,199 9,826
Prepayments and accrued income 45,442 11,359
55,198 70,098

STAYINPHASE LIMITED (REGISTERED NUMBER: 07429001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade creditors 21,242 29,745
Taxation and social security (611 ) 3,975
Other creditors 65,736 44,080
86,367 77,800

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.21 30.11.20
£    £   
Within one year 18,250 18,250
Between one and five years 10,646 28,896
28,896 47,146

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.11.21 30.11.20
value: £    £   
10 Ordinary £1 10 10