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REGISTERED NUMBER: 05692610 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2022

FOR

STONEBRIDGE TRIMMINGS & PACKAGING UK LTD

STONEBRIDGE TRIMMINGS & PACKAGING UK LTD (REGISTERED NUMBER: 05692610)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STONEBRIDGE TRIMMINGS & PACKAGING UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2022







DIRECTORS: Mr. M Manga
Mr A Patel





REGISTERED OFFICE: 55b Nottingham Road
Leicester
LE5 4GH





REGISTERED NUMBER: 05692610 (England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE

STONEBRIDGE TRIMMINGS & PACKAGING UK LTD (REGISTERED NUMBER: 05692610)

STATEMENT OF FINANCIAL POSITION
31ST JANUARY 2022

31/1/22 31/1/21
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,000 1,250
Tangible assets 5 6,971 9,295
7,971 10,545

CURRENT ASSETS
Stocks 6 10,250 22,500
Debtors 7 105,006 204,782
Cash at bank and in hand 184,197 197,033
299,453 424,315
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

8

(51,618

)

(58,664

)
NET CURRENT ASSETS 247,835 365,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,806

376,196

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

9

(44,379

)

(50,000

)
NET ASSETS 211,427 326,196

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 211,327 326,096
SHAREHOLDERS' FUNDS 211,427 326,196

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st January 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.

STONEBRIDGE TRIMMINGS & PACKAGING UK LTD (REGISTERED NUMBER: 05692610)

STATEMENT OF FINANCIAL POSITION - continued
31ST JANUARY 2022


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 26th August 2022 and were signed on its behalf by:





Mr. M Manga - Director


STONEBRIDGE TRIMMINGS & PACKAGING UK LTD (REGISTERED NUMBER: 05692610)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2022


1. STATUTORY INFORMATION

Stonebridge Trimmings & Packaging Uk Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty 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 the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 20% on cost
Office equipment - 20% on cost

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

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 statement of financial position date.


STONEBRIDGE TRIMMINGS & PACKAGING UK LTD (REGISTERED NUMBER: 05692610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2022


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2021
and 31st January 2022 5,000
AMORTISATION
At 1st February 2021 3,750
Charge for year 250
At 31st January 2022 4,000
NET BOOK VALUE
At 31st January 2022 1,000
At 31st January 2021 1,250

STONEBRIDGE TRIMMINGS & PACKAGING UK LTD (REGISTERED NUMBER: 05692610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2022


5. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1st February 2021 14,419 10,320 24,739
Disposals (2,800 ) - (2,800 )
At 31st January 2022 11,619 10,320 21,939
DEPRECIATION
At 1st February 2021 5,124 10,320 15,444
Charge for year 2,324 - 2,324
Eliminated on disposal (2,800 ) - (2,800 )
At 31st January 2022 4,648 10,320 14,968
NET BOOK VALUE
At 31st January 2022 6,971 - 6,971
At 31st January 2021 9,295 - 9,295

6. STOCKS
31/1/22 31/1/21
£    £   
Stocks 10,250 22,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/22 31/1/21
£    £   
Trade debtors 105,006 137,807
Other debtors - 66,975
105,006 204,782

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/22 31/1/21
£    £   
Trade creditors 16,761 11,042
Taxation and social security 17,627 41,135
Other creditors 17,230 6,487
51,618 58,664

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/22 31/1/21
£    £   
Bank loans 44,379 50,000

STONEBRIDGE TRIMMINGS & PACKAGING UK LTD (REGISTERED NUMBER: 05692610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2022


10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/1/22 31/1/21
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2022 and 31st January 2021:

31/1/22 31/1/21
£    £   
Mr. M Manga and Mr. I H A Umerji
Balance outstanding at start of year 64,869 38,699
Amounts advanced - 64,869
Amounts repaid (67,830 ) (38,699 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,961 ) 64,869