2022-04-012023-03-312023-03-31false12022565STACK INTERNATIONAL LIMITED2024-03-28iso4217:GBPxbrli:pure120225652022-04-01120225652023-03-31120225652022-04-012023-03-31120225652021-04-01120225652022-03-31120225652021-04-012022-03-3112022565bus:SmallEntities2022-04-012023-03-3112022565bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3112022565bus:FullAccounts2022-04-012023-03-3112022565bus:PrivateLimitedCompanyLtd2022-04-012023-03-3112022565core:WithinOneYear2023-03-3112022565core:AfterOneYear2023-03-3112022565core:WithinOneYear2022-03-3112022565core:AfterOneYear2022-03-3112022565core:ShareCapital2023-03-3112022565core:SharePremium2023-03-3112022565core:RevaluationReserve2023-03-3112022565core:OtherReservesSubtotal2023-03-3112022565core:RetainedEarningsAccumulatedLosses2023-03-3112022565core:ShareCapital2022-03-3112022565core:SharePremium2022-03-3112022565core:RevaluationReserve2022-03-3112022565core:OtherReservesSubtotal2022-03-3112022565core:RetainedEarningsAccumulatedLosses2022-03-3112022565core:LandBuildings2023-03-3112022565core:PlantMachinery2023-03-3112022565core:Vehicles2023-03-3112022565core:FurnitureFittings2023-03-3112022565core:OfficeEquipment2023-03-3112022565core:NetGoodwill2023-03-3112022565core:IntangibleAssetsOtherThanGoodwill2023-03-3112022565core:ListedExchangeTraded2023-03-3112022565core:UnlistedNon-exchangeTraded2023-03-3112022565core:LandBuildings2022-03-3112022565core:PlantMachinery2022-03-3112022565core:Vehicles2022-03-3112022565core:FurnitureFittings2022-03-3112022565core:OfficeEquipment2022-03-3112022565core:NetGoodwill2022-03-3112022565core:IntangibleAssetsOtherThanGoodwill2022-03-3112022565core:ListedExchangeTraded2022-03-3112022565core:UnlistedNon-exchangeTraded2022-03-3112022565core:LandBuildings2022-04-012023-03-3112022565core:PlantMachinery2022-04-012023-03-3112022565core:Vehicles2022-04-012023-03-3112022565core:FurnitureFittings2022-04-012023-03-3112022565core:OfficeEquipment2022-04-012023-03-3112022565core:NetGoodwill2022-04-012023-03-3112022565core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112022565core:ListedExchangeTraded2022-04-012023-03-3112022565core:UnlistedNon-exchangeTraded2022-04-012023-03-3112022565core:MoreThanFiveYears2022-04-012023-03-3112022565core:Non-currentFinancialInstruments2023-03-3112022565core:Non-currentFinancialInstruments2022-03-3112022565dpl:CostSales2022-04-012023-03-3112022565dpl:DistributionCosts2022-04-012023-03-3112022565core:LandBuildings2022-04-012023-03-3112022565core:PlantMachinery2022-04-012023-03-3112022565core:Vehicles2022-04-012023-03-3112022565core:FurnitureFittings2022-04-012023-03-3112022565core:OfficeEquipment2022-04-012023-03-3112022565dpl:AdministrativeExpenses2022-04-012023-03-3112022565core:NetGoodwill2022-04-012023-03-3112022565core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112022565dpl:GroupUndertakings2022-04-012023-03-3112022565dpl:ParticipatingInterests2022-04-012023-03-3112022565dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3112022565core:ListedExchangeTraded2022-04-012023-03-3112022565dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3112022565core:UnlistedNon-exchangeTraded2022-04-012023-03-3112022565dpl:CostSales2021-04-012022-03-3112022565dpl:DistributionCosts2021-04-012022-03-3112022565core:LandBuildings2021-04-012022-03-3112022565core:PlantMachinery2021-04-012022-03-3112022565core:Vehicles2021-04-012022-03-3112022565core:FurnitureFittings2021-04-012022-03-3112022565core:OfficeEquipment2021-04-012022-03-3112022565dpl:AdministrativeExpenses2021-04-012022-03-3112022565core:NetGoodwill2021-04-012022-03-3112022565core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3112022565dpl:GroupUndertakings2021-04-012022-03-3112022565dpl:ParticipatingInterests2021-04-012022-03-3112022565dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3112022565core:ListedExchangeTraded2021-04-012022-03-3112022565dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3112022565core:UnlistedNon-exchangeTraded2021-04-012022-03-3112022565core:NetGoodwill2023-03-3112022565core:IntangibleAssetsOtherThanGoodwill2023-03-3112022565core:LandBuildings2023-03-3112022565core:PlantMachinery2023-03-3112022565core:Vehicles2023-03-3112022565core:FurnitureFittings2023-03-3112022565core:OfficeEquipment2023-03-3112022565core:AfterOneYear2023-03-3112022565core:WithinOneYear2023-03-3112022565core:ListedExchangeTraded2023-03-3112022565core:UnlistedNon-exchangeTraded2023-03-3112022565core:ShareCapital2023-03-3112022565core:SharePremium2023-03-3112022565core:RevaluationReserve2023-03-3112022565core:OtherReservesSubtotal2023-03-3112022565core:RetainedEarningsAccumulatedLosses2023-03-3112022565core:NetGoodwill2022-03-3112022565core:IntangibleAssetsOtherThanGoodwill2022-03-3112022565core:LandBuildings2022-03-3112022565core:PlantMachinery2022-03-3112022565core:Vehicles2022-03-3112022565core:FurnitureFittings2022-03-3112022565core:OfficeEquipment2022-03-3112022565core:AfterOneYear2022-03-3112022565core:WithinOneYear2022-03-3112022565core:ListedExchangeTraded2022-03-3112022565core:UnlistedNon-exchangeTraded2022-03-3112022565core:ShareCapital2022-03-3112022565core:SharePremium2022-03-3112022565core:RevaluationReserve2022-03-3112022565core:OtherReservesSubtotal2022-03-3112022565core:RetainedEarningsAccumulatedLosses2022-03-3112022565core:NetGoodwill2021-04-0112022565core:IntangibleAssetsOtherThanGoodwill2021-04-0112022565core:LandBuildings2021-04-0112022565core:PlantMachinery2021-04-0112022565core:Vehicles2021-04-0112022565core:FurnitureFittings2021-04-0112022565core:OfficeEquipment2021-04-0112022565core:AfterOneYear2021-04-0112022565core:WithinOneYear2021-04-0112022565core:ListedExchangeTraded2021-04-0112022565core:UnlistedNon-exchangeTraded2021-04-0112022565core:ShareCapital2021-04-0112022565core:SharePremium2021-04-0112022565core:RevaluationReserve2021-04-0112022565core:OtherReservesSubtotal2021-04-0112022565core:RetainedEarningsAccumulatedLosses2021-04-0112022565core:AfterOneYear2022-04-012023-03-3112022565core:WithinOneYear2022-04-012023-03-3112022565core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3112022565core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3112022565core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3112022565core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3112022565core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3112022565core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3112022565core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3112022565core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3112022565core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3112022565core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3112022565core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3112022565core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3112022565core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3112022565core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3112022565core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3112022565core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3112022565core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3112022565core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3112022565core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3112022565core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3112022565core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3112022565core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3112022565core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3112022565core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3112022565core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3112022565core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3112022565core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3112022565bus:Director12022-04-012023-03-3112022565bus:Director22022-04-012023-03-31

STACK INTERNATIONAL LIMITED

Registered Number
12022565
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

STACK INTERNATIONAL LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

COLE-BROADWAY, Alexandra Marie
JENKINS, Scott

Registered Address

Building 423 - Sky View (Ro) Argosy Road, Castle Donington
East Midlands Airport
Derby
DE74 2SA

Registered Number

12022565 (England and Wales)
STACK INTERNATIONAL LIMITED
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments822
22
Current assets
Debtors10496,944499,120
Cash at bank and on hand55177
496,999499,297
Creditors amounts falling due within one year11(500,000)(500,000)
Net current assets (liabilities)(3,001)(703)
Total assets less current liabilities(2,999)(701)
Net assets(2,999)(701)
Capital and reserves
Called up share capital880
Profit and loss account(3,007)(781)
Shareholders' funds(2,999)(701)
The financial statements were approved and authorised for issue by the Board of Directors on 28 March 2024, and are signed on its behalf by:
COLE-BROADWAY, Alexandra Marie
Director
Registered Company No. 12022565
STACK INTERNATIONAL LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
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.
3.Principal activities
The principal activity of the company in the period under review is that of a holding company of a trading group.
4.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention.
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in pound sterling (£), which is the company's functional currency, and figures are rounded to the nearest whole pound.
Taxation policy
Taxation for the year comprises current 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 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 statement of financial position date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each reporting period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at the period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Valuation of financial instruments policy
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non puttable ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out right short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.
Going concern
The financial statements have been prepared on a going concern basis. The company incurred trading losses during the year however the director believes the company has sufficient cash resources to meet its future obligations, if and when, they become due and that the company can continue in operational existence for a period of at least 12 months from the balance sheet date. On this basis, the directors are of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.
6.Prior period and policy change adjustments
The comparative figures presented in these financial statements have been restated in the current year to include a £1 investment in Stack International US Inc., which was omitted from the prior year financial statements.
7.Employee information

20232022
Average number of employees during the year00
8.Fixed asset investments
Subsidiary undertakings Stack International Operations Limited - the principal activity is software development and other information technology services. Stack International US Inc - the principal activity is software and other technological development.

Investments in groups1

Total

££
Cost or valuation
At 01 April 2222
At 31 March 2322
Net book value
At 31 March 2322
At 31 March 2222

Notes

1Investments in group undertakings and participating interests
9.Description of nature of transactions and balances with related parties
At the year end, the Company was owed £379,173 (2022: £382,483) by it's UK subsidiary. All monies having been advanced on an unsecured, interest free basis, with no formal repayment period being agreed. At the year end, the Company was owed £117,771 (2022: £116,638) by it's US subsidiary. All monies having been advanced on an unsecured, interest free basis, with no formal repayment period being agreed.
10.Debtors

2023

2022

££
Amounts owed by group undertakings496,944499,120
Total496,944499,120
11.Creditors within one year

2023

2022

££
Convertible loans500,000500,000
Total500,000500,000
The convertible loans have been granted interest free and unsecured, with the exercise date being due within the next year.