Company Story PR Limited
Type Small company/FRS102
Method Trial balance to be entered manually
Version Last updated September 2017
Copyright VT Software Limited 2017
Cleared Notes/ Comments/ Outstanding points
For advice on using this workbook, click on the Template Instructions button at the right-hand end of the VT toolbar or choose the Topics command from the VT Final Accounts>Help menu.
This workbook is based on FRS 102 (as applied to small companies) and must be used for periods beginning on or after 1 January 2016. It can optionally be used for periods beginning on or after 1 January 2015.
The iXBRL tax computation in this workbook cannot be used for periods beginning before 1 April 2015 if the company is eligible for marginal rate relief.
Registered number
06591094
Story PR Limited
Filleted Accounts
31 December 2023
Story PR Limited
Registered number: 06591094
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,406 2,309
Current assets
Debtors 4 361,955 264,431
Cash at bank and in hand 61,004 3,282
422,959 267,713
Creditors: amounts falling due within one year 6 (654,532) (170,290)
Net current (liabilities)/assets (231,573) 97,423
Debtors: Amounts falling due after more than one year 393,700 346,834
Total assets less current liabilities 163,533 446,566
Creditors: amounts falling due after more than one year 7 (28,240) (197,453)
Net assets 135,293 249,113
Capital and reserves
Called up share capital 100 100
Profit and loss account 135,193 249,013
Shareholders' funds 135,293 249,113
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J S H Glasson
Director
Approved by the board on 30 April 2024
Story PR Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
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).
The financial statement are prepared in Sterling , which is the functional currency of the company .Monetary amounts in these financial statemtns aree rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 53,547 34,893 1,740 90,180
At 31 December 2023 53,547 34,893 1,740 90,180
Depreciation
At 1 January 2023 52,455 34,111 1,305 87,871
Charge for the year 273 195 435 903
At 31 December 2023 52,728 34,306 1,740 88,774
Net book value
At 31 December 2023 819 587 - 1,406
At 31 December 2022 1,092 782 435 2,309
4 Debtors 2023 2022
£ £
Trade debtors 361,955 244,431
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 20,000
361,955 264,431
5 Debtors: amounts falling due after one year 2023 2022
£ £
Other debtors 393,700 244,431
393,700 244,431
This debt is valued on the long term prospects of a business in which a director has an interest as a shareholder. It is interest free and has no fixed repayment date.
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 126,633 21,151
Trade creditors 72,268 18,586
Taxation and social security costs 94,628 121,863
Other creditors 361,003 8,690
654,532 170,290
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 28,240 197,453
8 Other information
Story PR Limited is a private company limited by shares and incorporated in England. Its registered office is:
250 Woodcote Road
Wallington
Surrey
SM6 0QE
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