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Registered number: 05283257

Staite Enterprises Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
Taylor & Taylor Accountants Ltd
Chartered Accountants
175 Cole Valley Road
Birmingham
B28 0DG

Staite Enterprises Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
J.Staite
T.Staite
B. Dudley Staite
REGISTERED OFFICE
Taylor & Taylor Accountants
175 Cole Valley Road
Birmingham
B28 0DG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05283257
ACCOUNTANTS
Taylor & Taylor Accountants Ltd
Chartered Accountants
175 Cole Valley Road
Birmingham
B28 0DG

Staite Enterprises Limited

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Staite Enterprises Limited

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Tangible assets21,548,9961,609,848
CURRENT ASSETS
Debtors4488,862475,133
Cash at bank and in hand7421,859
489,604476,992
CREDITORS: Amounts falling due within one year5181,526184,155
NET CURRENT ASSETS308,078292,837
TOTAL ASSETS LESS CURRENT LIABILITIES1,857,0741,902,685
CREDITORS: Amounts falling due after more than one year67,61214,026
PROVISIONS FOR LIABILITIES AND CHARGES8114,012105,458
NET ASSETS1,735,4501,783,201
CAPITAL AND RESERVES
Called up share capital93,5003,500
Share premium account10754,961754,961
Profit and loss account976,9891,024,740
SHAREHOLDERS' FUNDS1,735,4501,783,201

Staite Enterprises Limited

BALANCE SHEET AT 30/11/2023
For the year ending 30/11/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11/03/2024 and signed on their behalf by
.............................
J.Staite
Director
.............................
T.Staite
Director
.............................
B. Dudley Staite
Director

Staite Enterprises Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 10%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d.
2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentTotal
££££
Cost
At 01/12/2022165,00034,4562,743202,199
Additions--779779
At 30/11/2023165,00034,4563,522202,978
Depreciation
At 01/12/202216,50028,3232,52847,351
For the year14,8501,53324816,631
At 30/11/202331,35029,8562,77663,982
Net Book Amounts
At 30/11/2023133,6504,600746138,996
At 30/11/2022148,5006,133215154,848

Staite Enterprises Limited

3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/12/20221,455,0001,455,000
Revaluation(45,000)(45,000)
At 30/11/20231,410,0001,410,000
The 2018 valuations were confirmed by the director using her knowledge of market prices to estimate the value of these properties
4. DEBTORS 20232022
££
Amounts falling due within one year
UK corporation tax-8,125
Loans241,454457,000
Prepayments3,4083,043
Accrued income-6,965
Directors current account - TS178,000-
Directors current account - BDS66,000-
488,862475,133
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax1,373-
PAYE control158196
Salaries and wages control45-
Directors current account - JS20,000150,000
Bank Loan152,21026,088
Government Loans5,1885,304
Accruals2,5522,567
181,526184,155

Staite Enterprises Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr7,61214,026
7,61214,026
7. EMPLOYEES
20232022
No.No.
Average number of employees22
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation114,012105,458
114,012105,458
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
3500 Ordinary shares of £1 each35003500
3,5003,500
10. SHARE PREMIUM ACCOUNT 20232022
££
Share premium account754,961754,961

Staite Enterprises Limited

11. LOANS TO DIRECTORS
Director 1Director 2Director 3
Opening Balance-150000
Advances15000017800075453
Repayments-20000
Closing Balance-2000017800075453