2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,377 2,298 52 2,350 27 79 xbrli:pure xbrli:shares iso4217:GBP 03984400 2023-01-01 2023-12-31 03984400 2023-12-31 03984400 2022-12-31 03984400 2022-01-01 2022-12-31 03984400 2022-12-31 03984400 2021-12-31 03984400 core:FurnitureFittings 2023-01-01 2023-12-31 03984400 bus:Director1 2023-01-01 2023-12-31 03984400 core:FurnitureFittings 2022-12-31 03984400 core:FurnitureFittings 2023-12-31 03984400 core:AfterOneYear 2023-12-31 03984400 core:AfterOneYear 2022-12-31 03984400 core:WithinOneYear 2023-12-31 03984400 core:WithinOneYear 2022-12-31 03984400 core:ShareCapital 2023-12-31 03984400 core:ShareCapital 2022-12-31 03984400 core:RetainedEarningsAccumulatedLosses 2023-12-31 03984400 core:RetainedEarningsAccumulatedLosses 2022-12-31 03984400 core:FurnitureFittings 2022-12-31 03984400 bus:SmallEntities 2023-01-01 2023-12-31 03984400 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03984400 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03984400 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03984400 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 03984400
Stuff4offices Ltd
Filleted Unaudited Financial Statements
31 December 2023
Stuff4offices Ltd
Balance Sheet
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
27
79
Current assets
Stocks
30,695
30,781
Debtors
6
876
335
Cash at bank and in hand
2,643
972
--------
--------
34,214
32,088
Creditors: amounts falling due within one year
7
( 73,306)
( 47,873)
--------
--------
Net current liabilities
( 39,092)
( 15,785)
--------
--------
Total assets less current liabilities
( 39,065)
( 15,706)
Creditors: amounts falling due after more than one year
Bank loans and overdrafts
( 27,014)
( 31,186)
--------
--------
Net liabilities
( 66,079)
( 46,892)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 66,081)
( 46,894)
--------
--------
Shareholders deficit
( 66,079)
( 46,892)
--------
--------
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 profit and loss account has not been delivered.
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.
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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Stuff4offices Ltd
Balance Sheet (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 8 August 2024 , and are signed on behalf of the board by:
Mrs S R Lawrence
Director
Company registration number: 03984400
Stuff4offices Ltd
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the principle place of business is 15 Fishergate, Ripon, North Yorkshire, HG4 1EA.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
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 for goods supplied and services rendered, net of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Fixtures, fittings and equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 3 ).
5. Tangible assets
Fixtures, fittings and equipment
Total
£
£
Cost
At 1 January 2023 and 31 December 2023
2,377
2,377
-------
-------
Depreciation
At 1 January 2023
2,298
2,298
Charge for the year
52
52
-------
-------
At 31 December 2023
2,350
2,350
-------
-------
Carrying amount
At 31 December 2023
27
27
-------
-------
At 31 December 2022
79
79
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
460
292
Other debtors
416
43
----
----
876
335
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
29,637
10,424
Trade creditors
13,038
16,404
Social security and other taxes
5,690
5,904
Other creditors
24,941
15,141
--------
--------
73,306
47,873
--------
--------