Company Registration No. 12456609 (England and Wales)
Stellify Build Limited
Unaudited accounts
for the year ended 28 February 2023
Stellify Build Limited
Unaudited accounts
Contents
Stellify Build Limited
Company Information
for the year ended 28 February 2023
Company Number
12456609 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Stellify Build Limited
Statement of financial position
as at 28 February 2023
Tangible assets
2,382
3,218
Inventories
361,459
237,048
Cash at bank and in hand
56,372
50,479
Creditors: amounts falling due within one year
(582,270)
(356,467)
Net current assets
17,795
16,432
Total assets less current liabilities
20,177
19,650
Provisions for liabilities
Called up share capital
200
200
Profit and loss account
19,525
18,839
Shareholders' funds
19,725
19,039
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2023 and were signed on its behalf by
Ian John Gittins
Director
Company Registration No. 12456609
Stellify Build Limited
Notes to the Accounts
for the year ended 28 February 2023
Stellify Build Limited is a private company, limited by shares, registered in England and Wales, registration number 12456609. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% per annum on a straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Stellify Build Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
145,572
58,410
Accrued income and prepayments
10,927
-
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
463,582
255,594
Amounts owed to group undertakings and other participating interests
64,446
64,446
Taxes and social security
20,111
17,268
Other creditors
11,789
10,800
Loans from directors
92
351
Deferred income
20,000
5,758
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 A Ordinary shares of £1 each
100
100
Stellify Build Limited
Notes to the Accounts
for the year ended 28 February 2023
8
Transactions with related parties
Mr I Gittins and Mrs L Gittings are shareholder in both Stellify Projects Limited and Stellify Build Limited.
At the balance sheet date Stellify Projects had made a loan to to Stellify Building Limited of £64,446 (2022 - £64,446). The loan is repayable upon demand and is subject to interest at a commercial rate.
During the period Mrs L Gittings provided consultancy services to the company amounting to £16,340 (2022 - £11,100).
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).