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COMPANY REGISTRATION NUMBER: 08537268
STUART LACEY & ASSOCIATES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2024
STUART LACEY & ASSOCIATES LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
332
CURRENT ASSETS
Cash at bank and in hand
57,727
60,385
CREDITORS: amounts falling due within one year
6
20,249
17,491
--------
--------
NET CURRENT ASSETS
37,478
42,894
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
37,810
42,894
--------
--------
NET ASSETS
37,810
42,894
--------
--------
CAPITAL AND RESERVES
Called up share capital
5,000
5,000
Profit and loss account
32,810
37,894
--------
--------
SHAREHOLDERS FUNDS
37,810
42,894
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 August 2024 , and are signed on behalf of the board by:
Mr S Lacey
Director
Company registration number: 08537268
STUART LACEY & ASSOCIATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Briery Close, Great Oakley, Corby, Northants, NN18 8JG.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
33 1/3% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. TANGIBLE ASSETS
Office equipment
£
Cost
At 1 July 2023
4,115
Additions
499
-------
At 30 June 2024
4,614
-------
Depreciation
At 1 July 2023
4,115
Charge for the year
167
-------
At 30 June 2024
4,282
-------
Carrying amount
At 30 June 2024
332
-------
At 30 June 2023
-------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
17,478
15,105
Other creditors
2,771
2,386
--------
--------
20,249
17,491
--------
--------