2022-12-01 2023-11-30 false Capium Accounts Production 1.1 07659358 bus:FullAccounts 2022-12-01 2023-11-30 07659358 bus:FRS102 2022-12-01 2023-11-30 07659358 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07659358 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07659358 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07659358 2022-12-01 2023-11-30 07659358 2023-11-30 07659358 bus:RegisteredOffice 2022-12-01 2023-11-30 07659358 core:WithinOneYear 2023-11-30 07659358 core:AfterOneYear 2023-11-30 07659358 bus:Director1 2022-12-01 2023-11-30 07659358 bus:Director1 2023-11-30 07659358 bus:Director1 2021-12-01 2022-11-30 07659358 bus:Director2 2022-12-01 2023-11-30 07659358 bus:Director2 2023-11-30 07659358 bus:Director2 2021-12-01 2022-11-30 07659358 2021-12-01 07659358 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 07659358 2021-12-01 2022-11-30 07659358 2022-11-30 07659358 core:WithinOneYear 2022-11-30 07659358 core:AfterOneYear 2022-11-30 07659358 bus:EntityAccountantsOrAuditors 2021-12-01 2022-11-30 07659358 core:FurnitureFittings 2022-12-01 2023-11-30 07659358 core:FurnitureFittings 2023-11-30 07659358 core:FurnitureFittings 2022-11-30 07659358 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-11-30 07659358 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-11-30 07659358 core:OtherResidualIntangibleAssets 2022-12-01 2023-11-30 07659358 core:OtherResidualIntangibleAssets 2023-11-30 07659358 core:OtherResidualIntangibleAssets 2022-11-30 07659358 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 07659358 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 07659358 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-11-30 07659358 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 07659358 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 07659358 core:Non-currentFinancialInstruments 2023-11-30 07659358 core:Non-currentFinancialInstruments 2022-11-30 07659358 core:ShareCapital 2023-11-30 07659358 core:ShareCapital 2022-11-30 07659358 core:RetainedEarningsAccumulatedLosses 2023-11-30 07659358 core:RetainedEarningsAccumulatedLosses 2022-11-30 07659358 dpl:Item1 2022-12-01 07659358 dpl:Item1 2023-11-30 07659358 dpl:Item1 2021-12-01 07659358 dpl:Item1 2022-11-30 iso4217:GBP xbrli:shares xbrli:pure
Logo On Report
Registered Number: 07659358
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 November 2023

for

STUFF4 LTD

Directors Neil Robert Emms
Benjamin James Prior
Registered Number 07659358
Registered Office 29 Eastern Way
Bury St Edmunds
IP32 7AB
Accountants Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 November 2023
Principal activities
The principal activity of the company during the financial year was of Internet sales.
Directors
The directors who served the company throughout the year were as follows:
Neil Robert Emms
Benjamin James Prior
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
-    select suitable accounting policies and then apply them consistently
-    make judgements and accounting estimates that are reasonable and prudent
-    state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
-    prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Neil Robert Emms
Director

Date approved: 21 February 2024
2
Chartered Accountants' Report to the board of directors on the preparation of the unaudited statutory accounts of Stuff4 Ltd for the year ended 30 November 2023 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Stuff4 Ltd for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Stuff4 Ltd , as a body, in accordance with the terms of our engagement letter dated 03 April 2024. Our work has been undertaken solely to prepare for your approval the accounts of Stuff4 Ltd and state those matters that we have agreed to state to the Board of Directors of Stuff4 Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stuff4 Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Stuff4 Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Stuff4 Ltd . You consider that Stuff4 Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Stuff4 Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts



....................................................
Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
21 February 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 4,926    4,626 
Tangible fixed assets 4 124,010    110,361 
128,936    114,987 
Current assets      
Stocks 5 261,818    279,710 
Debtors 6 790,379    737,008 
Cash at bank and in hand 48,816    46,815 
1,101,013    1,063,533 
Creditors: amount falling due within one year 7 (353,495)   (402,650)
Net current assets 747,518    660,883 
 
Total assets less current liabilities 876,454    775,870 
Creditors: amount falling due after more than one year 8 (206,520)   (289,100)
Provisions for liabilities 9 (22,198)   (22,249)
Net assets 647,736    464,521 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 647,636    464,421 
Shareholders' funds 647,736    464,521 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 21 February 2024 and were signed on its behalf by:


-------------------------------
Neil Robert Emms
Director
4
General Information
Stuff4 Ltd is a private company, limited by shares, registered in England and Wales, registration number 07659358, registration address 29 Eastern Way, Bury St Edmunds, IP32 7AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of 5 years.
Tangible fixed assets
Tangible fixed assets, 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:
Fixtures and Fittings 30% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 20 (2022 : 19).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 December 2022 29,585    29,585 
Additions 1,960    1,960 
Disposals  
At 30 November 2023 31,545    31,545 
Amortisation
At 01 December 2022 24,959    24,959 
Charge for year 1,660    1,660 
On disposals  
At 30 November 2023 26,619    26,619 
Net book values
At 30 November 2023 4,926    4,926 
At 30 November 2022 4,626    4,626 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 December 2022 433,976    433,976 
Additions 68,694    68,694 
Disposals  
At 30 November 2023 502,670    502,670 
Depreciation
At 01 December 2022 324,080    324,080 
Charge for year 54,580    54,580 
On disposals  
At 30 November 2023 378,660    378,660 
Net book values
Closing balance as at 30 November 2023 124,010    124,010 
Opening balance as at 01 December 2022 110,361    110,361 


5.

Stocks

2023
£
  2022
£
Finished Goods 261,818    279,710 
261,818    279,710 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 471,661    574,234 
Amount Owed by Group Undertakings   140,000 
Prepayments & Accrued Income 15,139    10,700 
Other Debtors 303,579    12,074 
790,379    737,008 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 164,795    77,840 
Amounts Owed to Group Undertakings   109,256 
Corporation Tax 686    65,906 
PAYE & Social Security 46,621    68,799 
Accrued Expenses 141,393    80,849 
353,495    402,650 

8.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 179,167    229,167 
Other Creditors 27,353    59,933 
206,520    289,100 

9.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 22,198    22,249 
22,198    22,249 

10.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Prem Holdings Ltd302,000 

An amount was due from Prem Holdings Ltd at the year end.
5