Registered number
08138603
Stafflet Limited
Filleted Accounts
for the year ended 31 March 2022
Stafflet Limited
Registered number: 08138603
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 2,357 1,475
Current assets
Debtors 4 21,220 24,070
Cash at bank and in hand 16,615 36,147
37,835 60,217
Creditors: amounts falling due within one year 5 (12,504) (8,827)
Net current assets 25,331 51,390
Total assets less current liabilities 27,688 52,865
Creditors: amounts falling due after more than one year 6 (36,986) (50,000)
Net (liabilities)/assets (9,298) 2,865
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,398) 2,765
Shareholders' funds (9,298) 2,865
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Nicoleta Girboan
Director
Approved by the board on 13 September 2022
Stafflet Limited
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% Straight Line Basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2021 1,967
Additions 1,831
At 31 March 2022 3,798
Depreciation
At 1 April 2021 492
Charge for the year 949
At 31 March 2022 1,441
Net book value
At 31 March 2022 2,357
At 31 March 2021 1,475
4 Debtors 2022 2021
£ £
Other debtors 21,220 24,070
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bounced Backed Loan Due within one year 10,648 -
Taxation and social security costs (344) 1,454
Other creditors 2,200 7,373
12,504 8,827
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bounced Back Loan 36,986 50,000
7 Other information
Stafflet Limited is a private company limited by shares and incorporated in England. Its registered office is:
353 High Street North
Manor Park
London
E12 6PQ
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