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Registration number: 13212232

Stopscrolling Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Stopscrolling Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 6

 

Stopscrolling Limited

Company Information

Director

Mr J J B Blackman

Registered office

2 Western Street
Barnsley
South Yorkshire
S70 2BP

Accountants

Cameron Alexander Accountants Limited
Chartered Certified Accountants
2 Western Street
Barnsley
S70 2BP

 

Stopscrolling Limited

(Registration number: 13212232)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

15,912

9,812

Current assets

 

Debtors

4

3,261

81

Cash at bank and in hand

 

21,800

18,878

 

25,061

18,959

Creditors: Amounts falling due within one year

5

(20,374)

(25,396)

Net current assets/(liabilities)

 

4,687

(6,437)

Total assets less current liabilities

 

20,599

3,375

Provisions for liabilities

(3,023)

(1,704)

Net assets

 

17,576

1,671

Capital and reserves

 

Called up share capital

1

1

Retained earnings

17,575

1,670

Shareholders' funds

 

17,576

1,671

For the financial year ending 29 February 2024 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 April 2024
 

.........................................
Mr J J B Blackman
Director

 

Stopscrolling Limited

Statement of Changes in Equity for the Year Ended 29 February 2024

Share capital
£

Retained earnings
£

Total
£

At 1 March 2023

1

1,670

1,671

Profit for the year

-

51,055

51,055

Dividends

-

(35,150)

(35,150)

At 29 February 2024

1

17,575

17,576

Share capital
£

Retained earnings
£

Total
£

At 1 March 2022

1

6,303

6,304

Profit for the year

-

30,367

30,367

Dividends

-

(35,000)

(35,000)

At 28 February 2023

1

1,670

1,671

 

Stopscrolling Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Stopscrolling Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

25% Reducing balance

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

12,113

12,113

Additions

10,044

10,044

At 29 February 2024

22,157

22,157

Depreciation

At 1 March 2023

2,301

2,301

Charge for the year

3,944

3,944

At 29 February 2024

6,245

6,245

Carrying amount

At 29 February 2024

15,912

15,912

At 28 February 2023

9,812

9,812

 

Stopscrolling Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Debtors

Current

2024
£

2023
£

Trade debtors

3,180

-

Prepayments

81

81

 

3,261

81

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

30

Taxation and social security

5,244

254

Accruals and deferred income

725

600

Other creditors

14,405

24,512

20,374

25,396

6

Related party transactions

Transactions with the director

2024

At 1 March 2023
£

Advances to director
£

At 29 February 2024
£

Mr J J B Blackman

No interest is charged on the loan and there is no fixed date of repayment

19,508

(19,296)

213

       
     

 

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,570

11,647