8 false false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 49,420 79,368 10,000 10,000 20,000 20,000 10,000 16,963 10,985 1,973 12,958 4,005 5,978 xbrli:pure xbrli:shares iso4217:GBP 09421415 2022-03-01 2023-02-28 09421415 2023-02-28 09421415 2022-02-28 09421415 2021-02-28 2022-02-28 09421415 2022-02-28 09421415 2021-02-27 09421415 bus:RegisteredOffice 2022-03-01 2023-02-28 09421415 bus:Director1 2022-03-01 2023-02-28 09421415 bus:Director2 2022-03-01 2023-02-28 09421415 bus:Director3 2022-03-01 2023-02-28 09421415 bus:Director4 2022-03-01 2023-02-28 09421415 core:ShareCapital 2021-02-28 2022-02-28 09421415 core:RetainedEarningsAccumulatedLosses 2021-02-28 2022-02-28 09421415 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 09421415 core:WithinOneYear 2023-02-28 09421415 core:WithinOneYear 2022-02-28 09421415 core:ShareCapital 2023-02-28 09421415 core:ShareCapital 2022-02-28 09421415 core:RetainedEarningsAccumulatedLosses 2023-02-28 09421415 core:RetainedEarningsAccumulatedLosses 2022-02-28 09421415 core:ShareCapital 2021-02-27 09421415 core:RetainedEarningsAccumulatedLosses 2021-02-27 09421415 bus:SmallEntities 2022-03-01 2023-02-28 09421415 bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 09421415 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 09421415 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 09421415 bus:FullAccounts 2022-03-01 2023-02-28 09421415 core:OfficeEquipment 2022-03-01 2023-02-28 09421415 core:IntangibleAssetsOtherThanGoodwill 2022-02-28 09421415 core:IntangibleAssetsOtherThanGoodwill 2022-03-01 2023-02-28 09421415 core:IntangibleAssetsOtherThanGoodwill 2023-02-28 09421415 core:OfficeEquipment 2023-02-28 09421415 core:OfficeEquipment 2022-02-28
COMPANY REGISTRATION NUMBER: 09421415
Stagebox UK
Unaudited Financial Statements
28 February 2023
Stagebox UK
Financial Statements
Year ended 28 February 2023
Contents
Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3
Statement of changes in equity
5
Notes to the financial statements
6
Stagebox UK
Directors' Report
Year ended 28 February 2023
The directors present their report and the unaudited financial statements of the company for the year ended 28 February 2023 .
Directors
The directors who served the company during the year were as follows:
Ms J M N Quinlan-Gardner
Ms K A Bagger
Ms L J Keston
Ms EC Keston
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 5 February 2024 and signed on behalf of the board by:
Ms L J Keston
Ms EC Keston
Director
Director
Registered office:
167 Southborough Lane
Bickley
Bromley
Kent
UK
BR2 8AP
Stagebox UK
Statement of Comprehensive Income
Year ended 28 February 2023
2023
2022
Note
£
£
Turnover
841,915
1,034,981
Cost of sales
315,169
495,993
---------
------------
Gross profit
526,746
538,988
Administrative expenses
463,559
439,729
---------
---------
Operating profit
63,187
99,259
Other interest receivable and similar income
24
8
---------
---------
Profit before taxation
5
63,211
99,267
Tax on profit
13,791
19,899
--------
--------
Profit for the financial year and total comprehensive income
49,420
79,368
--------
--------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
Stagebox UK
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
6
20,000
10,000
Tangible assets
7
4,005
5,978
--------
--------
24,005
15,978
Current assets
Stocks
5,000
7,000
Debtors
8
80,949
40,949
Cash at bank and in hand
18,062
69,973
---------
---------
104,011
117,922
Creditors: amounts falling due within one year
9
124,911
132,215
---------
---------
Net current liabilities
20,900
14,293
--------
--------
Total assets less current liabilities
3,105
1,685
Provisions
1,136
1,136
-------
-------
Net assets
1,969
549
-------
-------
Capital and reserves
Called up share capital
180
180
Profit and loss account
1,789
369
-------
----
Shareholders funds
1,969
549
-------
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Stagebox UK
Statement of Financial Position (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 5 February 2024 , and are signed on behalf of the board by:
Ms L J Keston
Ms EC Keston
Director
Director
Company registration number: 09421415
Stagebox UK
Statement of Changes in Equity
Year ended 28 February 2023
Called up share capital
Profit and loss account
Total
£
£
£
At 28 February 2021
100
28,001
28,101
Profit for the year
79,368
79,368
----
--------
--------
Total comprehensive income for the year
79,368
79,368
Issue of shares
80
80
Dividends paid and payable
( 107,000)
( 107,000)
----
---------
---------
Total investments by and distributions to owners
80
( 107,000)
( 106,920)
At 28 February 2022
180
369
549
Profit for the year
49,420
49,420
----
---------
---------
Total comprehensive income for the year
49,420
49,420
Dividends paid and payable
( 48,000)
( 48,000)
----
--------
--------
Total investments by and distributions to owners
( 48,000)
( 48,000)
----
--------
--------
At 28 February 2023
180
1,789
1,969
----
--------
--------
Stagebox UK
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 167 Southborough Lane, Bickley, Bromley, Kent, BR2 8AP, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the 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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
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:
Equipment
-
33% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units .
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2022: 8 ).
5. Profit before taxation
Profit before taxation is stated after charging:
2023
2022
£
£
Depreciation of tangible assets
1,973
2,944
-------
-------
6. Intangible assets
Website
£
Cost
At 1 March 2022
10,000
Additions
10,000
--------
At 28 February 2023
20,000
--------
Amortisation
At 1 March 2022 and 28 February 2023
--------
Carrying amount
At 28 February 2023
20,000
--------
At 28 February 2022
10,000
--------
7. Tangible assets
Equipment
£
Cost
At 1 March 2022 and 28 February 2023
16,963
--------
Depreciation
At 1 March 2022
10,985
Charge for the year
1,973
--------
At 28 February 2023
12,958
--------
Carrying amount
At 28 February 2023
4,005
--------
At 28 February 2022
5,978
--------
8. Debtors
2023
2022
£
£
Other debtors
80,949
40,949
--------
--------
9. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
33,455
19,663
Social security and other taxes
42,221
78,034
Other creditors
49,235
34,518
---------
---------
124,911
132,215
---------
---------