5 false false true false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 01865499 2022-04-01 2023-03-31 01865499 2023-03-31 01865499 2021-04-01 2022-03-31 01865499 2022-03-31 01865499 bus:Director1 2022-04-01 2023-03-31 01865499 core:WithinOneYear 2023-03-31 01865499 core:WithinOneYear 2022-03-31 01865499 core:AfterOneYear 2023-03-31 01865499 core:AfterOneYear 2022-03-31 01865499 core:RestatedAmount 2022-03-31 01865499 bus:Director1 2023-03-31 01865499 bus:Director1 2021-03-31 01865499 bus:Director1 2021-04-01 2022-03-31 01865499 bus:Micro-entities 2022-04-01 2023-03-31 01865499 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01865499 bus:FullAccounts 2022-04-01 2023-03-31 01865499 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01865499 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 01865499
Stagnest Limited
Filleted Unaudited Financial Statements
31 March 2023
Stagnest Limited
Statement of Financial Position
31 March 2023
2023
2022
£
£
£
Fixed assets
44,912
56,476
-------
-------
Current assets
166,701
148,583
Creditors: amounts falling due within one year
60,803
44,620
--------
--------
Net current assets
105,898
103,963
--------
--------
Total assets less current liabilities
150,810
160,439
Creditors: amounts falling due after more than one year
40,216
54,216
Accruals and deferred income
1,600
1,600
--------
--------
108,994
104,623
--------
--------
Capital and reserves
108,994
104,623
--------
--------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 5 ).
2. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr I Jones
10,000
10,000
----
-------
-------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr I Jones
( 10,000)
10,000
-------
-------
----
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 22 August 2023 , and are signed on behalf of the board by:
Mr I Jones
Director
Company registration number: 01865499
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 217 Long Lane, Halesowen, West Midlands, B62 9JT.