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COMPANY REGISTRATION NUMBER: 11695995
Stelea Limited
Filleted Unaudited Financial Statements
30 November 2021
Stelea Limited
Financial Statements
Year ended 30 November 2021
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Stelea Limited
Officers and Professional Advisers
Director
S I M Braudo
Registered office
14 Hampstead Way
London
NW11 7LS
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Stelea Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Stelea Limited
Year ended 30 November 2021
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 November 2021, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Stelea Limited
Statement of Financial Position
30 November 2021
2021
2020
Note
£
£
Fixed assets
Tangible assets
5
1,762
Current assets
Debtors
6
100
100
Cash at bank and in hand
40,957
41,277
--------
--------
41,057
41,377
Creditors: amounts falling due within one year
7
738
2,411
--------
--------
Net current assets
40,319
38,966
--------
--------
Total assets less current liabilities
42,081
38,966
--------
--------
Net assets
42,081
38,966
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
41,981
38,866
--------
--------
Shareholders funds
42,081
38,966
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Stelea Limited
Statement of Financial Position (continued)
30 November 2021
These financial statements were approved by the board of directors and authorised for issue on 7 September 2022 , and are signed on behalf of the board by:
S I M Braudo
Director
Company registration number: 11695995
Stelea Limited
Notes to the Financial Statements
Year ended 30 November 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Hampstead Way, London, NW11 7LS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2020: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 December 2020
Additions
1,924
-------
At 30 November 2021
1,924
-------
Depreciation
At 1 December 2020
Charge for the year
162
-------
At 30 November 2021
162
-------
Carrying amount
At 30 November 2021
1,762
-------
At 30 November 2020
-------
6. Debtors
2021
2020
£
£
Other debtors
100
100
----
----
7. Creditors: amounts falling due within one year
2021
2020
£
£
Corporation tax
198
1,568
Social security and other taxes
243
Other creditors
540
600
----
-------
738
2,411
----
-------