Stage Brands Ltd |
Registered number: |
09917238 |
Statement of Financial Position |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
- |
|
|
422 |
|
Current assets |
Debtors |
4 |
|
159,950 |
|
|
77,817 |
Cash at bank and in hand |
|
|
278,539 |
|
|
253,579 |
|
|
|
438,489 |
|
|
331,396 |
|
Creditors: amounts falling due within one year |
5 |
|
(127,672) |
|
|
(13,856) |
|
Net current assets |
|
|
|
310,817 |
|
|
317,540 |
|
Net assets |
|
|
|
310,817 |
|
|
317,962 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
310,816 |
|
|
317,961 |
|
Shareholders' funds |
|
|
|
310,817 |
|
|
317,962 |
|
|
|
|
|
|
|
|
The director is 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 director acknowledges her 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. |
|
|
|
|
C Homsy |
Director |
Approved by the board on 29 February 2024 |
|
Stage Brands Ltd |
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). |
|
|
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 rendering of services of specialised design activities. Turnover is recognised in the financial statements in the period the services are provided. |
|
|
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 3yrs |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as this is considered immaterial to the true and fair view of the financial statements. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 January 2023 |
1,264 |
|
At 31 December 2023 |
1,264 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2023 |
842 |
|
Charge for the year |
422 |
|
At 31 December 2023 |
1,264 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2023 |
- |
|
At 31 December 2022 |
422 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
126,282 |
|
44,081 |
|
Other debtors |
33,668 |
|
33,736 |
|
|
|
|
|
|
159,950 |
|
77,817 |
|
|
|
|
|
|
|
|
|
|
Other debtors and trade debtors includes related party transactions totalling £63,472 (December 2022 - £63,472). See note 6 below. |
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Other creditors |
97,400 |
|
- |
|
Taxation and social security costs |
27,619 |
|
13,856 |
|
Other creditors |
2,653 |
|
- |
|
|
|
|
|
|
127,672 |
|
13,856 |
|
|
|
|
|
|
|
|
|
6 |
Related party transactions |
|
|
The Spa Circle Ltd is a related party of Stage Brands Ltd by virture of 100% shareholding of the director in both companies. Transactions between both companies as at 31 December is £63,472 (December 2022 - £63,472). See note 4 above. |
|
7 |
Other information |
|
|
Stage Brands Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Central House |
|
124 High Street |
|
Hampton Hill |
|
TW12 1NS |