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Statoys Ltd
Registered Number:10420099
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
Statoys Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
10420099
As at 31 October 2023
Statoys Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
1,225
1,400
2
Property, plant and equipment
11,446
13,390
3
12,671
14,790
Current assets
Inventories
455,000
300,000
4
Trade and other receivables
84,504
71,426
5
-
Cash and cash equivalents
1,700
373,126
539,504
Trade and other payables: amounts falling due within one year
(506,316)
(474,236)
6
33,188
(101,110)
Net current liabilities
Total assets less current liabilities
(88,439)
47,978
Trade and other payables: amounts falling due after more than
one year
(38,616)
(10,000)
7
35,689
(2,544)
Provisions for liabilities
(62,750)
Net assets/liabilities
6,818
Capital and reserves
Called up share capital
2
1
Share premium account
99,999
-
Retained earnings
(162,751)
6,817
(62,750)
6,818
Shareholders' funds
For the year ended 31 October 2023 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
10420099
For the year ended 31 October 2023
Statoys Ltd
Statement of Financial Position Continued
Mrs Jyothi Nekkalapudi Director
These financial statements were approved and authorised for issue by the Board on 30 July 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 October 2023
Statoys Ltd
Notes to the Financial Statements
Statutory Information
Statoys Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 10420099.
Registered address:
Unit 6. Paramount Business Park
Nile Street
Stoke on Trent
Staffordshire
ST6 2BG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Intangible assets
Intangible assets are written off over the useful economic life or 10 years where this can not be accurately measured.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
33% Reducing balance
Computer Equipment
20% Reducing balance
Furniture and Fittings
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 October 2023
Statoys Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other Intangible
Assets
Cost or valuation
£
At 01 November 2022
1,750
At 31 October 2023
1,750
Amortisation
At 01 November 2022
350
175
Charge for year
At 31 October 2023
525
Net book value
At 31 October 2023
1,225
At 31 October 2022
1,400
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or valuation
At 01 November 2022
23,090
5,971
9,124
7,995
1,570
1,570
-
-
Additions
At 31 October 2023
7,995
9,124
7,541
24,660
Provision for depreciation and impairment
At 01 November 2022
9,700
3,532
3,290
2,878
Charge for year
3,514
1,324
1,167
1,023
At 31 October 2023
13,214
4,856
4,457
3,901
At 31 October 2023
Net book value
4,094
4,667
2,685
11,446
At 31 October 2022
5,117
5,834
2,439
13,390
4. Inventories
2022
2023
£
£
Stocks
300,000
455,000
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7
For the year ended 31 October 2023
Statoys Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
34,171
75,008
Other debtors
37,255
9,496
84,504
71,426
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
89,814
87,413
Trade creditors
39,621
60,649
Taxation and social security
12,397
4,525
Other creditors
332,404
353,729
474,236
506,316
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
10,000
38,616
8. Related party transactions
Included within other creditors is the balance of £154,298 (2022- £41,455) relating to the directors loan account. This loan is
interest free and has no fixed date of repayment.
9. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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