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STUMP SOLUTIONS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024




















Company Registration Number - 07560992





















1.
STUMP SOLUTIONS LIMITED
COMPANY NUMBER - 07560992

Balance sheet as at 31 March 2024





2024
2023

Notes
£ £ £ £
FIXED ASSETS





Tangible assets 4
17,100
61,300

Current assets




Cash at bank and in hand
1,217
1,578




1,217
1,578
Current liabilities




Creditors - Amounts
falling due within one year 5 77,937
129,720


NET CURRENT LIABILITIES

(76,720)
(128,142)


Total assets less current liabilities

(59,620)
(66,842)












CAPITAL AND RESERVES

Called up share capital 6
1
1

Profit and Loss account

(59,621)
(66,843)


Shareholders' funds

(59,620)
(66,842)



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
and signed on their behalf by:




D M JAMES



Director








The notes on pages 2 to 3 form an integral part of these accounts.


2.
STUMP SOLUTIONS LIMITED

Notes to the Financial Statements

For the year ended 31 March 2024


1. General Information

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.


2. Accounting policies

Basis of accounting

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.


Revenue recognition

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.


Tangible fixed assets and depreciation

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


Going concern basis of accounting

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.


3. Employees

The average number employed by the company (including directors) during the year 2024 was 1
and in the previous year 2023 was 2.


3.
STUMP SOLUTIONS LIMITED

Notes to the Financial Statements

For the year ended 31 March 2024


4. Fixed assets - tangible

Plant and

Machinery

etc.


Fair value £


At 1 April 2023 148,435
Disposals (52,200)

At 31 March 2024 96,235

Depreciation
At 1 April 2023 87,135
On disposals (8,000)

At 31 March 2024 79,135

Net book values
At 31 March 2024 17,100
At 1 April 2023 61,300





2024
2023


£
£
5. Creditors

Amounts falling due within one year:



Trade creditors 400
760
Director's Current Accounts 77,537
128,960


77,937 129,720



6. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 1
1