Company Registration No. 11875413 (England and Wales)
StoPro Ltd
Unaudited accounts
for the year ended 31 March 2024
StoPro Ltd
Unaudited accounts
Contents
StoPro Ltd
Company Information
for the year ended 31 March 2024
Company Number
11875413 (England and Wales)
Registered Office
159 Rushams Road
Horsham
West Sussex
RH12 2NY
United Kingdom
Accountants
Chynance Accountancy Services Ltd
2 King Mark House
Stret Constantine
Newquay
Cornwall
TR7 1GF
StoPro Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
7,856
8,658
Cash at bank and in hand
18,140
7,219
Creditors: amounts falling due within one year
(3,151)
(245)
Net current assets
17,437
7,262
Total assets less current liabilities
25,293
15,920
Creditors: amounts falling due after more than one year
(44,156)
(43,846)
Net liabilities
(18,863)
(27,926)
Called up share capital
1
1
Profit and loss account
(18,864)
(27,927)
Shareholders' funds
(18,863)
(27,926)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 April 2024 and were signed on its behalf by
Sean West
Director
Company Registration No. 11875413
StoPro Ltd
Notes to the Accounts
for the year ended 31 March 2024
StoPro Ltd is a private company, limited by shares, registered in England and Wales, registration number 11875413. The registered office is 159 Rushams Road, Horsham, West Sussex, RH12 2NY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
They have been compiled on the basis of going concern as the Director continues to provide his financial support to the Company.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Expenditure on research and development is written off in the year in which it is incurred.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
738
18,395
1,141
20,274
At 31 March 2024
738
18,395
2,957
22,090
At 1 April 2023
322
10,635
659
11,616
Charge for the year
104
1,940
574
2,618
At 31 March 2024
426
12,575
1,233
14,234
At 31 March 2024
312
5,820
1,724
7,856
At 31 March 2023
416
7,760
482
8,658
StoPro Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
44,156
43,846
Since the commencement of the Company, the Director injected his own funds into research & development and the construction of a prototype product. The director does not consider this to be repayable within one year.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).