1 March 2022 false Taxfiler 2023.10 12456609business:PrivateLimitedCompanyLtd2022-03-012023-02-28 124566092022-02-28 124566092022-03-012023-02-28 12456609business:AuditExemptWithAccountantsReport2022-03-012023-02-28 12456609business:FilletedAccounts2022-03-012023-02-28 124566092023-02-28 12456609business:Director12022-03-012023-02-28 12456609business:RegisteredOffice2022-03-012023-02-28 124566092022-02-28 12456609core:WithinOneYear2023-02-28 12456609core:WithinOneYear2022-02-28 12456609core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 12456609core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 12456609core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 12456609core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 12456609core:PreviouslyStatedAmount2023-02-28 12456609core:PreviouslyStatedAmount2022-02-28 12456609business:SmallEntities2022-03-012023-02-28 12456609countries:EnglandWales2022-03-012023-02-28 12456609core:FurnitureFittings2022-03-012023-02-28 12456609core:FurnitureFittings2022-02-28 12456609core:FurnitureFittings2023-02-28 12456609business:OrdinaryShareClass12022-03-012023-02-28 12456609business:OrdinaryShareClass12021-03-012022-02-28 12456609business:OrdinaryShareClass22022-03-012023-02-28 12456609business:OrdinaryShareClass22021-03-012022-02-28 12456609business:AllOrdinaryShares2022-03-012023-02-28 12456609business:AllOrdinaryShares2021-03-012022-02-28 124566092021-03-012022-02-28 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
Stellify Build Limited Company Information for the year ended 28 February 2023
Director
Ian John Gittins
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
- 3 -
Stellify Build Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,382 
3,218 
Current assets
Inventories
361,459 
237,048 
Debtors
182,234 
85,372 
Cash at bank and in hand
56,372 
50,479 
600,065 
372,899 
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
Deferred tax
(452)
(611)
Net assets
19,725 
19,039 
Capital and reserves
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
- 4 -
Stellify Build Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 taxation
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.
Pension costs
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.
- 5 -
Stellify Build Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
4,179 
At 28 February 2023
4,179 
Depreciation
At 1 March 2022
961 
Charge for the year
836 
At 28 February 2023
1,797 
Net book value
At 28 February 2023
2,382 
At 28 February 2022
3,218 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
25,735 
26,962 
Trade debtors
145,572 
58,410 
Accrued income and prepayments
10,927 
- 
182,234 
85,372 
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 
Accruals
2,250 
2,250 
Deferred income
20,000 
5,758 
582,270 
356,467 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
100 A Ordinary shares of £1 each
100 
100 
200 
200 
- 6 -
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).
- 7 -