12 01/05/2023 30/04/2024 2024-04-30 false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2023-05-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14761237 2023-05-01 2024-04-30 14761237 2024-04-30 14761237 2023-04-30 14761237 bus:RegisteredOffice 2023-05-01 2024-04-30 14761237 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 14761237 bus:Director1 2023-05-01 2024-04-30 14761237 core:ShareCapital 2023-05-01 2024-04-30 14761237 core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 14761237 core:WithinOneYear 2024-04-30 14761237 core:AfterOneYear 2024-04-30 14761237 core:ShareCapital 2024-04-30 14761237 core:RetainedEarningsAccumulatedLosses 2024-04-30 14761237 core:PreviouslyStatedAmount core:ShareCapital 2024-04-30 14761237 bus:Director1 2024-04-30 14761237 bus:SmallEntities 2023-05-01 2024-04-30 14761237 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14761237 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14761237 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14761237 bus:AbridgedAccounts 2023-05-01 2024-04-30
Company registration number: 14761237
Steven Charles Club Ltd
Trading as Steven Charles Club Ltd
Unaudited abridged financial statements
30 April 2024
Steven Charles Club Ltd
Contents
Directors and other information
Director's report
Accountant's report
Abridged statement of comprehensive income
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Steven Charles Club Ltd
Directors and other information
Director Mr Ramis Zeqo
Company number 14761237
Registered office 5-11 Cheetham Hill Road
Manchester
M4 4FY
Business address 5-11 Cheetham Hill Road
Manchester
M4 4FY
Accountant Shafiq & Co
400 Cheetham Hill Road
Manchester
M8 9LE
Bankers Lloyds Bank
Steven Charles Club Ltd
Director's report
Year ended 30 April 2024
The director presents his report and the unaudited financial statements of the company for the year ended 30 April 2024.
Director
The director who served the company during the year was as follows:
Mr Ramis Zeqo
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 04 September 2024 and signed on behalf of the board by:
Mr Ramis Zeqo
Director
Steven Charles Club Ltd
Report to the director on the preparation of the
unaudited statutory financial statements of Steven Charles Club Ltd
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Steven Charles Club Ltd for the year ended 30 April 2024 which comprise the abridged statement of comprehensive income, abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
My work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf.
Shafiq & Co
Chartered Certified Accountants
400 Cheetham Hill Road
Manchester
M8 9LE
4 September 2024
Steven Charles Club Ltd
Abridged statement of comprehensive income
Year ended 30 April 2024
2024
Note £
Gross profit 649,166
Staff costs 4 ( 124,001)
Other operating expenses ( 157,777)
Operating profit 367,388
_______
Profit before taxation 367,388
Tax on profit ( 92,437)
_______
Profit for the financial year and total comprehensive income 274,951
_______
All the activities of the company are from continuing operations.
Steven Charles Club Ltd
Abridged statement of financial position
30 April 2024
2024
Note £ £
Current assets
Stocks 9,945
Cash at bank and in hand 321,928
_______
331,873
Creditors: amounts falling due
within one year ( 135,951)
_______
Net current assets 195,922
_______
Total assets less current liabilities 195,922
Creditors: amounts falling due
after more than one year ( 8,871)
_______
Net assets 187,051
_______
Capital and reserves
Called up share capital 100
Profit and loss account 186,951
_______
Shareholders funds 187,051
_______
For the year ending 30 April 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared 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'.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 04 September 2024 , and are signed on behalf of the board by:
Mr Ramis Zeqo
Director
Company registration number: 14761237
Steven Charles Club Ltd
Statement of changes in equity
Year ended 30 April 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 May 2023 - - -
Profit for the year 274,951 274,951
_______ _______ _______
Total comprehensive income for the year - 274,951 274,951
Issue of shares 100 100
Dividends paid and payable ( 88,000) ( 88,000)
_______ _______ _______
Total investments by and distributions to owners 100 ( 88,000) ( 87,900)
_______ _______ _______
At 30 April 2024 100 186,951 187,051
_______ _______ _______
Steven Charles Club Ltd
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Steven Charles Club Ltd, 5-11 Cheetham Hill Road, Manchester, M4 4FY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
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 stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Staff costs
The average number of persons employed by the company during the year amounted to 12
The aggregate payroll costs incurred during the year were:
2024
£
Wages and salaries 124,001
_______
5. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Ramis Zeqo - ( 8,871) ( 8,871)
_______ _______ _______