IRIS Accounts Production v23.3.1.45 11265283 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112652832022-12-31112652832023-12-31112652832023-01-012023-12-31112652832021-12-31112652832022-01-012022-12-31112652832022-12-3111265283ns10:Originalns15:EnglandWales2023-01-012023-12-3111265283ns14:PoundSterlingns10:Original2023-01-012023-12-3111265283ns10:Originalns10:Director12023-01-012023-12-3111265283ns10:Original2023-01-012023-12-3111265283ns10:Originalns10:Director22023-01-012023-12-3111265283ns10:Original2023-12-3111265283ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111265283ns10:Originalns10:SmallEntities2023-01-012023-12-3111265283ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111265283ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111265283ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-3111265283ns10:Originalns10:FullAccounts2023-01-012023-12-3111265283ns10:Originalns10:RegisteredOffice2023-01-012023-12-3111265283ns10:Original2022-12-3111265283ns10:Originalns5:CurrentFinancialInstruments2023-12-3111265283ns10:Originalns5:CurrentFinancialInstruments2022-12-3111265283ns10:Originalns5:Non-currentFinancialInstruments2023-12-3111265283ns10:Originalns5:Non-currentFinancialInstruments2022-12-3111265283ns5:ShareCapitalns10:Original2023-12-3111265283ns5:ShareCapitalns10:Original2022-12-3111265283ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-3111265283ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3111265283ns10:Original2022-01-012022-12-3111265283ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111265283ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111265283ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3111265283ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-31
REGISTERED NUMBER: 11265283 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STAX GROUP LIMITED

STAX GROUP LIMITED (REGISTERED NUMBER: 11265283)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STAX GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs N J Gibson
Mrs A L Piggin





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 11265283 (England and Wales)

STAX GROUP LIMITED (REGISTERED NUMBER: 11265283)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 2,749 5,000
Debtors 5 120,983 40,463
Cash at bank and in hand 28,770 8,717
152,502 54,180
CREDITORS
Amounts falling due within one year 6 92,886 23,461
NET CURRENT ASSETS 59,616 30,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,616

30,719

CREDITORS
Amounts falling due after more than one
year

7

19,167

29,167
NET ASSETS 40,449 1,552

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,349 1,452
SHAREHOLDERS' FUNDS 40,449 1,552

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

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

The directors acknowledge their 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.

STAX GROUP LIMITED (REGISTERED NUMBER: 11265283)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:




Mrs A L Piggin - Director



Mrs N J Gibson - Director


STAX GROUP LIMITED (REGISTERED NUMBER: 11265283)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Stax Group Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts.

The company supplies products to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on delivery of the goods.

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

Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

STAX GROUP LIMITED (REGISTERED NUMBER: 11265283)

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


4. STOCKS
2023 2022
£    £   
Stocks 2,749 5,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,337 4,113
Other debtors 101,006 33,889
VAT 2,679 -
Prepayments and accrued income 14,961 2,461
120,983 40,463

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 38,309 11,819
Taxation 24,427 832
VAT - 660
Directors' current accounts 20,000 -
Accruals and deferred income 150 150
92,886 23,461

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 19,167 29,167