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Company Registration No. 12886836 (England and Wales)
Stefo Limited Unaudited accounts for the year ended 31 March 2024
Stefo Limited Unaudited accounts Contents
Page
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Stefo Limited Company Information for the year ended 31 March 2024
Directors
Cecilia Olukemi YEKINI DAVID YEKINI
Secretary
Esther YEKINI
Company Number
12886836 (England and Wales)
Registered Office
42 Isla Drive Lubbesthorpe Leicester Leicestershire LE19 4BN England
Accountants
Johnson Olanrewaju High Glory Associates 61 Sherbourne Close Dartford Dartford, Kent DA1 5WQ
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Stefo Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
180,262 
180,262 
Current assets
Debtors
- 
1,371 
Cash at bank and in hand
1,828 
473 
1,828 
1,844 
Creditors: amounts falling due within one year
(4,959)
(10,168)
Net current liabilities
(3,131)
(8,324)
Total assets less current liabilities
177,131 
171,938 
Creditors: amounts falling due after more than one year
(127,615)
(127,615)
Net assets
49,516 
44,323 
Capital and reserves
Called up share capital
60,000 
50,000 
Profit and loss account
(10,484)
(5,677)
Shareholders' funds
49,516 
44,323 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
Cecilia Olukemi YEKINI Director Company Registration No. 12886836
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Stefo Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Stefo Limited is a private company, limited by shares, registered in England and Wales, registration number 12886836. The registered office is 42 Isla Drive, Lubbesthorpe, Leicester, Leicestershire, LE19 4BN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% provision to be made every year
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
180,262 
At 31 March 2024
180,262 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
180,262 
At 31 March 2023
180,262 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
1,371 
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Stefo Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(334)
(1,041)
Other creditors
993 
459 
Loans from directors
4,000 
10,500 
Accruals
300 
250 
4,959 
10,168 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
127,615 
127,615 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
300 Ordinary shares of £200 each
60,000 
50,000 
Shares issued during the period:
50 Ordinary shares of £200 each
10,000 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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