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REGISTERED NUMBER: 03298875 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

STOCKTAKE SOLUTIONS LTD

STOCKTAKE SOLUTIONS LTD (REGISTERED NUMBER: 03298875)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STOCKTAKE SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTOR: S C Grantham





SECRETARY: Mrs L A Grantham





REGISTERED OFFICE: Gillow House
Broughton Hall
Skipton
North Yorkshire
BD23 3AN





REGISTERED NUMBER: 03298875 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

STOCKTAKE SOLUTIONS LTD (REGISTERED NUMBER: 03298875)

BALANCE SHEET
31ST MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,777 64,915

CURRENT ASSETS
Stocks 315 315
Debtors 5 10,530 5,036
Cash at bank and in hand 17,721 27,057
28,566 32,408
CREDITORS
Amounts falling due within one year 6 16,046 11,514
NET CURRENT ASSETS 12,520 20,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,297

85,809

PROVISIONS FOR LIABILITIES 13,263 11,877
NET ASSETS 71,034 73,932

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 70,924 73,822
SHAREHOLDERS' FUNDS 71,034 73,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STOCKTAKE SOLUTIONS LTD (REGISTERED NUMBER: 03298875)

BALANCE SHEET - continued
31ST MAY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th November 2023 and were signed by:





S C Grantham - Director


STOCKTAKE SOLUTIONS LTD (REGISTERED NUMBER: 03298875)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023


1. STATUTORY INFORMATION

Stocktake Solutions Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer software - Straight line over 7 years
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

STOCKTAKE SOLUTIONS LTD (REGISTERED NUMBER: 03298875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023


4. TANGIBLE FIXED ASSETS
Computer Computer
software equipment Totals
£    £    £   
COST
At 1st June 2022 480,287 7,997 488,284
Additions 34,275 - 34,275
At 31st May 2023 514,562 7,997 522,559
DEPRECIATION
At 1st June 2022 415,372 7,997 423,369
Charge for year 27,413 - 27,413
At 31st May 2023 442,785 7,997 450,782
NET BOOK VALUE
At 31st May 2023 71,777 - 71,777
At 31st May 2022 64,915 - 64,915

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 9,084 3,294
Other debtors 1,446 1,742
10,530 5,036

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 9,707 3,216
Taxation and social security 612 2,123
Other creditors 5,727 6,175
16,046 11,514