1 February 2023 false No description of principal activity Taxfiler 2024.4 8062766business:PrivateLimitedCompanyLtd2023-02-012024-01-31 80627662023-01-31 80627662023-02-012024-01-31 8062766business:AuditExemptWithAccountantsReport2023-02-012024-01-31 8062766business:FilletedAccounts2023-02-012024-01-31 80627662024-01-31 8062766business:Director12023-02-012024-01-31 8062766business:RegisteredOffice2023-02-012024-01-31 80627662023-01-31 8062766core:WithinOneYear2024-01-31 8062766core:WithinOneYear2023-01-31 8062766core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 8062766core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 8062766core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 8062766core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 8062766core:PreviouslyStatedAmount2024-01-31 8062766core:PreviouslyStatedAmount2023-01-31 8062766business:SmallEntities2023-02-012024-01-31 8062766countries:EnglandWales2023-02-012024-01-31 8062766core:PlantMachinery2023-02-012024-01-31 8062766core:FurnitureFittings2023-02-012024-01-31 8062766core:ComputerEquipment2023-02-012024-01-31 8062766core:PlantMachinery2023-01-31 8062766core:FurnitureFittings2023-01-31 8062766core:ComputerEquipment2023-01-31 8062766core:PlantMachinery2024-01-31 8062766core:FurnitureFittings2024-01-31 8062766core:ComputerEquipment2024-01-31 8062766core:AcceleratedTaxDepreciationDeferredTax2024-01-31 8062766core:AcceleratedTaxDepreciationDeferredTax2023-01-31 80627662022-02-012023-01-31 8062766business:OrdinaryShareClass12023-02-012024-01-31 8062766business:OrdinaryShareClass12022-02-012023-01-31 8062766core:BetweenOneFiveYears2024-01-31 8062766core:BetweenOneFiveYears2023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 8062766 (England and Wales)
Stage Depot Limited Unaudited accounts for the year ended 31 January 2024
Stage Depot Limited Unaudited accounts Contents
Page
- 2 -
Stage Depot Limited Company Information for the year ended 31 January 2024
Director
R A Smart
Company Number
8062766 (England and Wales)
Registered Office
Unit C Motorway Distribution Centre Avonmouth Way West Bristol BS11 9YT United Kingdom
Accountants
Complete Professional Guidance Limited 42 Weirfield Green Taunton Somerset TA1 1AZ
- 3 -
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Stage Depot Limited for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Stage Depot Limited for the year ended 31 January 2024 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Complete Professional Guidance Limited Chartered Certified Accountants 42 Weirfield Green Taunton Somerset TA1 1AZ 22 July 2024
- 4 -
Stage Depot Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,357 
12,005 
Current assets
Inventories
316,055 
405,930 
Debtors
89,860 
48,834 
Cash at bank and in hand
162,501 
45,776 
568,416 
500,540 
Creditors: amounts falling due within one year
(291,630)
(249,135)
Net current assets
276,786 
251,405 
Total assets less current liabilities
308,143 
263,410 
Provisions for liabilities
Deferred tax
(6,899)
- 
Net assets
301,244 
263,410 
Capital and reserves
Called up share capital
400 
400 
Profit and loss account
300,844 
263,010 
Shareholders' funds
301,244 
263,410 
For the year ending 31 January 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 20 July 2024 and were signed on its behalf by
R A Smart Director Company Registration No. 8062766
- 5 -
Stage Depot Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Stage Depot Limited is a private company, limited by shares, registered in England and Wales, registration number 8062766. The registered office is Unit C, Motorway Distribution Centre, Avonmouth Way West, Bristol, BS11 9YT, 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.
3
Accounting policies
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.
Presentation currency
The accounts are presented in £ sterling.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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:
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 6 -
Stage Depot Limited Notes to the Accounts for the year ended 31 January 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
6,311 
20,248 
16,724 
43,283 
Additions
- 
20,718 
8,374 
29,092 
At 31 January 2024
6,311 
40,966 
25,098 
72,375 
Depreciation
At 1 February 2023
5,409 
14,306 
11,563 
31,278 
Charge for the year
325 
6,115 
3,300 
9,740 
At 31 January 2024
5,734 
20,421 
14,863 
41,018 
Net book value
At 31 January 2024
577 
20,545 
10,235 
31,357 
At 31 January 2023
902 
5,942 
5,161 
12,005 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,348 
736 
Trade debtors
84,847 
44,701 
Accrued income and prepayments
3,665 
3,397 
89,860 
48,834 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
23,692 
17,216 
Trade creditors
163,902 
101,262 
Taxes and social security
(3,618)
28,328 
Other creditors
6,018 
1,078 
Loans from directors
100,260 
100,000 
Accruals
1,376 
1,251 
291,630 
249,135 
- 7 -
Stage Depot Limited Notes to the Accounts for the year ended 31 January 2024
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
6,899 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
6,899 
- 
Provision at end of year
6,899 
- 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
400 Ordinary shares of £1 each
400 
400 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 January 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
17,500 
17,500 
Later than one year and not later than five years
20,417 
37,917 
37,917 
55,417 
10
Transactions with related parties
The company traded with another companies controlled by the director. Sales of £27,276 (2023 £18,453) took place in the year and £16,377 (2023 £11,142) was owed in respect thereof, at 31 January 2024. Purchases of materials totalling £6,965 also took place in year. The director has provided loans to the company, which are repayable at the director's discretion. The following balance was outstanding on 31 January 2024: R A Smart £100,260
11
Average number of employees
During the year the average number of employees was 7 (2023: 7).
- 8 -