UK STAIRPARTS LIMITED

Company Registration Number:
04425282 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

UK STAIRPARTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

UK STAIRPARTS LIMITED

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 750 1,500
Tangible assets: 4 8,512 11,350
Investments:   0 0
Total fixed assets: 9,262 12,850
Current assets
Stocks: 203,503 198,539
Debtors: 5 14,689 11,782
Cash at bank and in hand: 309,964 430,838
Investments:   0 0
Total current assets: 528,156 641,159
Creditors: amounts falling due within one year: 6 (220,455) (267,382)
Net current assets (liabilities): 307,701 373,777
Total assets less current liabilities: 316,963 386,627
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 316,963 386,627
Capital and reserves
Called up share capital: 5 5
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 316,958 386,622
Shareholders funds: 316,963 386,627

The notes form part of these financial statements

UK STAIRPARTS LIMITED

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 April 2023
and signed on behalf of the board by:

Name: David Chapman
Status: Director

The notes form part of these financial statements

UK STAIRPARTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

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:Plant and machinery - 25% reducing balanceFittings, fixtures and equipment - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Intangible fixed assets and amortisation policy

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:Goodwill - 20 years straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

UK STAIRPARTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 7 8

UK STAIRPARTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Intangible Assets

Total
Cost £
At 01 February 2022 15,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 January 2023 15,000
Amortisation
At 01 February 2022 13,500
Charge for year 750
On disposals 0
Other adjustments 0
At 31 January 2023 14,250
Net book value
At 31 January 2023 750
At 31 January 2022 1,500

UK STAIRPARTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Tangible Assets

Total
Cost £
At 01 February 2022 64,523
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 January 2023 64,523
Depreciation
At 01 February 2022 53,173
Charge for year 2,838
On disposals 0
Other adjustments 0
At 31 January 2023 56,011
Net book value
At 31 January 2023 8,512
At 31 January 2022 11,350

UK STAIRPARTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

UK STAIRPARTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Creditors: amounts falling due within one year note

Trade creditors - £119,363Corporation tax - £39,066Social security costs and other taxes - £53,840Other creditors - £8,186Fixed and floating charges were created by National Westminster Bank Plc dated 20 October 2014 and Barclays Bank Plc dated 31 January 2018. Both of these charges are outstanding.

UK STAIRPARTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

7. Loans to directors

The following directors had the following balances on their individual loan accounts:David Chapman - Credit balance of £184Darren Chapman - Overdrawn balance of £3,385

UK STAIRPARTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

8. Related party transactions

Name of the related party: David Chapman and Darren Chapman
Relationship:
Directors
Description of the Transaction: During the year, the Company occupied premises owned by the directors. The rent for the property amounted to £24,140 (2022 - £24,140) on normal commercial terms and at the Balance Sheet date no amounts were outstanding (2022 - Nil).
£
Balance at 01 February 2022 0
Balance at 31 January 2023 0