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REGISTERED NUMBER: 06885026 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

STATIONERY EXPRESS UK LTD

STATIONERY EXPRESS UK LTD (REGISTERED NUMBER: 06885026)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STATIONERY EXPRESS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr F J Rook
Mr J L Montgomery





REGISTERED OFFICE: 3 Stone Street
Cranbrook
Kent
TN17 3HF





REGISTERED NUMBER: 06885026 (England and Wales)





ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY

STATIONERY EXPRESS UK LTD (REGISTERED NUMBER: 06885026)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,094 8,917
17,094 8,917

CURRENT ASSETS
Stocks 22,791 27,149
Debtors 6 7,341 10,578
Cash at bank and in hand 458 70
30,590 37,797
CREDITORS
Amounts falling due within one year 7 76,731 68,057
NET CURRENT LIABILITIES (46,141 ) (30,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,047

)

(21,343

)

CREDITORS
Amounts falling due after more than one
year

8

(18,497

)

(22,031

)

PROVISIONS FOR LIABILITIES (1,722 ) (1,458 )
NET LIABILITIES (49,266 ) (44,832 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (50,266 ) (45,832 )
SHAREHOLDERS' FUNDS (49,266 ) (44,832 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STATIONERY EXPRESS UK LTD (REGISTERED NUMBER: 06885026)

BALANCE SHEET - continued
31ST MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th July 2024 and were signed on its behalf by:




Mr F J Rook - Director



Mr J L Montgomery - Director


STATIONERY EXPRESS UK LTD (REGISTERED NUMBER: 06885026)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Stationery Express UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Going concern
The accounts have been prepared on a going concern basis. This basis may not be appropriate because the company has, at 31st March 2024, net liabilities of £49,266 (31st March 2023: £44,832). The validity of the going concern basis is dependent upon the continued support of the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, was amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 5 years
Plant and machinery - 20% on cost
Office equipment and furniture - 20% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 and loans to related parties.


STATIONERY EXPRESS UK LTD (REGISTERED NUMBER: 06885026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred 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 or deferred 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 1,000
AMORTISATION
At 1st April 2023
and 31st March 2024 1,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

STATIONERY EXPRESS UK LTD (REGISTERED NUMBER: 06885026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Office
Improvements equipment
to Plant and and
property machinery furniture Totals
£    £    £    £   
COST
At 1st April 2023 23,676 40,475 19,688 83,839
Additions 12,445 220 - 12,665
At 31st March 2024 36,121 40,695 19,688 96,504
DEPRECIATION
At 1st April 2023 21,999 33,235 19,688 74,922
Charge for year 1,978 2,510 - 4,488
At 31st March 2024 23,977 35,745 19,688 79,410
NET BOOK VALUE
At 31st March 2024 12,144 4,950 - 17,094
At 31st March 2023 1,677 7,240 - 8,917

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,843 10,578
Other debtors 498 -
7,341 10,578

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,832 3,573
Trade creditors 14,418 20,742
Taxation and social security 11,133 9,046
Other creditors 47,348 34,696
76,731 68,057

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 18,497 22,031