Registered number
09917238
Stage Brands Ltd
Filleted Accounts
31 December 2023
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
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