5 false false true false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 01865499 2023-04-01 2024-03-31 01865499 2024-03-31 01865499 2023-03-31 01865499 2022-04-01 2023-03-31 01865499 2023-03-31 01865499 2022-03-31 01865499 bus:Director1 2023-04-01 2024-03-31 01865499 core:WithinOneYear 2024-03-31 01865499 core:WithinOneYear 2023-03-31 01865499 core:AfterOneYear 2024-03-31 01865499 core:AfterOneYear 2023-03-31 01865499 core:RestatedAmount 2023-03-31 01865499 bus:Director1 2023-03-31 01865499 bus:Director1 2024-03-31 01865499 bus:Director1 2023-03-31 01865499 bus:Director1 2022-04-01 2023-03-31 01865499 bus:Micro-entities 2023-04-01 2024-03-31 01865499 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01865499 bus:FullAccounts 2023-04-01 2024-03-31 01865499 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01865499 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 01865499
Stagnest Limited
Filleted Unaudited Financial Statements
31 March 2024
Stagnest Limited
Statement of Financial Position
31 March 2024
2024
2023
£
£
£
Fixed assets
86,870
44,912
-------
-------
Current assets
153,504
166,701
Creditors: amounts falling due within one year
69,170
60,803
--------
--------
Net current assets
84,334
105,898
--------
--------
Total assets less current liabilities
171,204
150,810
Creditors: amounts falling due after more than one year
54,501
40,216
Accruals and deferred income
1,750
1,600
--------
--------
114,953
108,994
--------
--------
Capital and reserves
114,953
108,994
--------
--------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
2. Director's 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 outstanding
£
£
£
Mr I Jones
10,000
( 3,500)
6,500
-------
------
------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr I Jones
10,000
10,000
----
-------
-------
For the year ending 31 March 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 his 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 micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 29 August 2024 , and are signed on behalf of the board by:
Mr I Jones
Director
Company registration number: 01865499
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 217 Long Lane, Halesowen, West Midlands, B62 9JT.