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Registered number: 13613628
Stigmade Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2023
TaxAssist Accountants Durham
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13613628
30 September 2023 30 September 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,112 18,394
12,112 18,394
CURRENT ASSETS
Debtors 5 4,082 3,331
Cash at bank and in hand 726 642
4,808 3,973
Creditors: Amounts Falling Due Within One Year 6 (5,360 ) (5,066 )
NET CURRENT ASSETS (LIABILITIES) (552 ) (1,093 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,560 17,301
Creditors: Amounts Falling Due After More Than One Year 7 (13,386 ) (17,075 )
NET (LIABILITIES)/ASSETS (1,826 ) 226
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (1,827 ) 225
SHAREHOLDERS' FUNDS (1,826) 226
Page 1
Page 2
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Forrester
Director
21 March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stigmade Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13613628 . The registered office is 64 Millfield Road, Fishburn, Stockton-On-Tees, TS21 4DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Straight Line
Fixtures & Fittings 15% Straight Line
Computer Equipment 33% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2022 22,214 499 1,963 24,676
As at 30 September 2023 22,214 499 1,963 24,676
Depreciation
As at 1 October 2022 5,553 75 654 6,282
Provided during the period 5,553 75 654 6,282
As at 30 September 2023 11,106 150 1,308 12,564
Net Book Value
As at 30 September 2023 11,108 349 655 12,112
As at 1 October 2022 16,661 424 1,309 18,394
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Page 4
5. Debtors
30 September 2023 30 September 2022
£ £
Due within one year
Other taxes and social security 5 -
Director's loan account 4,077 3,331
4,082 3,331
6. Creditors: Amounts Falling Due Within One Year
30 September 2023 30 September 2022
£ £
Trade creditors - (1 )
Bank loans and overdrafts 4,872 4,579
Accruals and deferred income 488 488
5,360 5,066
7. Creditors: Amounts Falling Due After More Than One Year
30 September 2023 30 September 2022
£ £
Bank loans 13,386 17,075
13,386 17,075
8. Share Capital
30 September 2023 30 September 2022
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2022 Amounts advanced Amounts repaid Amounts written off As at 30 September 2023
£ £ £ £ £
Mr Stephen Forrester 5,435 - - - -
The above loan is unsecured, interest free and repayable on demand.
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