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REGISTERED NUMBER: 12387387 (England and Wales)










Unaudited Financial Statements

for the Period

31 January 2022 to 31 December 2022

for

Stop The Press Craft Services Limited

Stop The Press Craft Services Limited (Registered number: 12387387)






Contents of the Financial Statements
for the Period 31 January 2022 to 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stop The Press Craft Services Limited

Company Information
for the Period 31 January 2022 to 31 December 2022







DIRECTORS: Louis George Hamblett
Charles David Hamblett





REGISTERED OFFICE: 76/8 Cambridge Gardens
London
W10 6HS





REGISTERED NUMBER: 12387387 (England and Wales)





ACCOUNTANTS: Ramon Lee Ltd
93 Tabernacle Street
London
EC2A 4BA

Stop The Press Craft Services Limited (Registered number: 12387387)

Balance Sheet
31 December 2022

2022 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 169,308 206,274

CURRENT ASSETS
Debtors 5 91,233 134,330
Cash at bank and in hand 349,016 147,951
440,249 282,281
CREDITORS
Amounts falling due within one year 6 (271,023 ) (308,322 )
NET CURRENT ASSETS/(LIABILITIES) 169,226 (26,041 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,534

180,233

CREDITORS
Amounts falling due after more than one year 7 (24,167 ) (33,333 )
NET ASSETS 314,367 146,900

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 314,365 146,898
SHAREHOLDERS' FUNDS 314,367 146,900

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

Stop The Press Craft Services Limited (Registered number: 12387387)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





Charles David Hamblett - Director


Stop The Press Craft Services Limited (Registered number: 12387387)

Notes to the Financial Statements
for the Period 31 January 2022 to 31 December 2022

1. Statutory information

Stop The Press Craft Services 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes for the goods sold in the normal course of business.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less residual values over the useful life on the following basis:

Computer 25% net book value.
Motor Vehicles 25% net book value.
Plant and machinery 25% net book value.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Stop The Press Craft Services Limited (Registered number: 12387387)

Notes to the Financial Statements - continued
for the Period 31 January 2022 to 31 December 2022

2. Accounting policies - continued

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.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements ,when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

BASIC FINANCIAL ASSETS

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CLASSIFICATION OF FINANCIAL LIABILITIES

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BASIC FINANCIAL LIABILITIES

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Stop The Press Craft Services Limited (Registered number: 12387387)

Notes to the Financial Statements - continued
for the Period 31 January 2022 to 31 December 2022

2. Accounting policies - continued

EQUITY INSTRUMENTS
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

EMPLOYEE BENEFIT

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. Employees and directors

The average number of employees during the period was 2 (2022 - 2 ) .

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 31 January 2022 17,740 210,191 3,920 231,851
Additions 10,720 7,610 792 19,122
At 31 December 2022 28,460 217,801 4,712 250,973
DEPRECIATION
At 31 January 2022 2,329 22,850 398 25,577
Charge for period 6,522 48,486 1,080 56,088
At 31 December 2022 8,851 71,336 1,478 81,665
NET BOOK VALUE
At 31 December 2022 19,609 146,465 3,234 169,308
At 30 January 2022 15,411 187,341 3,522 206,274

5. Debtors: amounts falling due within one year
2022 2022
£    £   
Trade debtors 79,102 136,716
Amounts owed to/from STPC Ltd (1,640 ) (12,636 )
Rent deposit 6,050 6,050
Other debtors 3,600 4,200
Prepayments 4,121 -
91,233 134,330

Stop The Press Craft Services Limited (Registered number: 12387387)

Notes to the Financial Statements - continued
for the Period 31 January 2022 to 31 December 2022

6. Creditors: amounts falling due within one year
2022 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Corporation tax 74,169 33,761
PAYE & NI (969 ) -
VAT 36,321 60,481
Other creditors 10,482 12,405
Net Wages Payable 886 -
Pension Payable (154 ) -
Other loans 1,722 7,698
Directors' current accounts 137,641 183,052
Accruals and deferred income 925 925
271,023 308,322

7. Creditors: amounts falling due after more than one year
2022 2022
£    £   
Bank loan and overdraft 24,167 33,333

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2022
value: £    £   
2 Ordinary share capital 1 2 2