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
Stage Depot Limited
Company Information
for the year ended 31 January 2024
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
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
Stage Depot Limited
Statement of financial position
as at 31 January 2024
Tangible assets
31,357
12,005
Inventories
316,055
405,930
Cash at bank and in hand
162,501
45,776
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
Net assets
301,244
263,410
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
Stage Depot Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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 are presented in £ sterling.
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 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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.
Stage Depot Limited
Notes to the Accounts
for the year ended 31 January 2024
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
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
At 31 January 2024
577
20,545
10,235
31,357
At 31 January 2023
902
5,942
5,161
12,005
Amounts falling due within one year
Trade debtors
84,847
44,701
Accrued income and prepayments
3,665
3,397
6
Creditors: amounts falling due within one year
2024
2023
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
Stage Depot Limited
Notes to the Accounts
for the year ended 31 January 2024
7
Deferred taxation
2024
2023
Accelerated capital allowances
6,899
-
Charged to the profit and loss account
6,899
-
Provision at end of year
6,899
-
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
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).