pinacle 6.0
2017.03.01
STUMP SOLUTIONS LIMITED
07560992
2023-04-01
2024-03-31
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xbrli:pure
iso4217:GBP
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Company Registration Number - 07560992 |
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1. |
STUMP SOLUTIONS LIMITED
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COMPANY NUMBER - 07560992
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Balance sheet as at
31 March 2024
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FIXED ASSETS
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Tangible assets |
4 |
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17,100
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61,300
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Current assets
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Cash at bank and in hand |
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1,217
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1,578
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1,217
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1,578
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Current liabilities
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Creditors - Amounts |
falling due within one year |
5 |
77,937
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129,720
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NET CURRENT LIABILITIES
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(76,720) |
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(128,142) |
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Total assets less current liabilities
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(59,620) |
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(66,842) |
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CAPITAL AND RESERVES
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Called up share capital |
6 |
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1
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1
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Profit and Loss account |
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(59,621) |
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(66,843) |
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Shareholders' funds
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(59,620) |
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(66,842) |
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These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.
For the financial year ended 31 March 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
Approved by the board of directors on 14 June 2024
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and signed on their behalf by: |
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The notes on pages 2 to 3 form an integral part of these accounts.
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2. |
STUMP SOLUTIONS LIMITED
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Notes to the Financial Statements
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For the year ended 31 March 2024
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1. General Information
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STUMP SOLUTIONS LIMITED is a Private Company, limited by shares, domiciled in England and Wales, registration number 07560992.
The company's registered office is Brunswick House, 1 Weirfield Green, Taunton, Somerset TA1 1AZ.
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2. Accounting policies
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Basis of accounting
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The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
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Tangible fixed assets and depreciation
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Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery - 20% reducing balance
Motor vehicles - 20% reducing balance
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Going concern basis of accounting
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At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.
On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.
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3. Employees
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The average number employed by the company (including directors) during the year 2024 was 1
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and in the previous year 2023 was 2.
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3. |
STUMP SOLUTIONS LIMITED
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Notes to the Financial Statements
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For the year ended 31 March 2024
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4. Fixed assets - tangible
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Plant and |
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Machinery |
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etc. |
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Fair value
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£
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At 1 April 2023 |
148,435 |
Disposals |
(52,200) |
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At 31 March 2024 |
96,235 |
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Depreciation
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At 1 April 2023 |
87,135 |
On disposals |
(8,000) |
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At 31 March 2024 |
79,135 |
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Net book values
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At 31 March 2024 |
17,100 |
At 1 April 2023 |
61,300 |
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5. Creditors
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Amounts falling due within one year: |
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Trade creditors |
400
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760
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Director's Current Accounts |
77,537
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128,960
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77,937 |
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129,720 |
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6. Called up share capital
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There was no change in share capital during the year.
Allotted, called up and fully paid |
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Ordinary shares of £1 each
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1 |
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1 |
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