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Company Registration No. 11283198 (England and Wales)
Stipenda Limited Unaudited accounts for the year ended 31 December 2023
Stipenda Limited Unaudited accounts Contents
Page
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Stipenda Limited Company Information for the year ended 31 December 2023
Director
Solomon Williams
Company Number
11283198 (England and Wales)
Registered Office
XP House One Tournament Court Warwick CV34 6LG United Kingdom
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Stipenda Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
64,645 
110,159 
Investments
84 
84 
64,729 
110,243 
Current assets
Debtors
1,193,034 
636,125 
Cash at bank and in hand
170,080 
100,454 
1,363,114 
736,579 
Creditors: amounts falling due within one year
(1,174,132)
(728,950)
Net current assets
188,982 
7,629 
Net assets
253,711 
117,872 
Capital and reserves
Called up share capital
42,080 
42,080 
Profit and loss account
211,631 
75,792 
Shareholders' funds
253,711 
117,872 
For the year ending 31 December 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 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 31 July 2023 and were signed on its behalf by
Solomon Williams Director Company Registration No. 11283198
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Stipenda Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Stipenda Limited is a private company, limited by shares, registered in England and Wales, registration number 11283198. The registered office is XP House, One Tournament Court, Warwick, CV34 6LG, 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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
The Statement of Financial Position is showing a net liability of £33,259 (2019; £23,502) Included within Creditors: amounts falling due within one year is amounts owed to group undertakings and other participating interests of £1,203,610 (2019; £578,406). The directors do not anticipate that these amounts will be repayable in the immediate future and therefore have prepared the accounts on a going concern basis. Other than the above, the company's operational cash forecast is positive and the company will continue to meet all of its other liabilities as and when they become due.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is at 20% of cost per annum.
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:
Computer equipment
100%
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Stipenda Limited Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
227,569 
At 31 December 2023
227,569 
Amortisation
At 1 January 2023
117,410 
Charge for the year
45,514 
At 31 December 2023
162,924 
Net book value
At 31 December 2023
64,645 
At 31 December 2022
110,159 
Intangible fixed assets represent the costs incurred by the company on the transfer of the business of several companies following a reorganisation in 2019.
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
625 
At 31 December 2023
625 
Depreciation
At 1 January 2023
625 
At 31 December 2023
625 
Net book value
At 31 December 2023
- 
6
Investments
Other investments 
£ 
Valuation at 1 January 2023
84 
Valuation at 31 December 2023
84 
Investment represents a nominal shareholding in Stipenda Employment Ltd
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Stipenda Limited Notes to the Accounts for the year ended 31 December 2023
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
102,563 
74,703 
Amounts due from group undertakings etc.
1,018,120 
522,969 
Accrued income and prepayments
54,316 
17,188 
Other debtors
18,035 
21,265 
1,193,034 
636,125 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
23,841 
37,962 
Trade creditors
8,062 
19,805 
Amounts owed to group undertakings and other participating interests
1,059,342 
588,874 
Taxes and social security
41,788 
24,155 
Other creditors
(452)
3,154 
Accruals
41,551 
55,000 
1,174,132 
728,950 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
42,080 Ordinary shares of £1 each
42,080 
42,080 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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