Company Registration No. 05799699 (England and Wales)
STAS Ltd
Unaudited accounts
for the year ended 31 December 2023
STAS Ltd
Company Information
for the year ended 31 December 2023
Directors
S Turner
L Turner
Company Number
05799699 (England and Wales)
Registered Office
253 COWBRIDGE ROAD WEST
CARDIFF
CF5 5TD
WALES
Accountants
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
STAS Ltd
Accountants' report
Accountants' report to the board of directors of STAS Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
STAS Ltd for the year ended
31 December 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of STAS Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of STAS Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than STAS Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that STAS Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of STAS Ltd. You consider that STAS Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of STAS Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
22 September 2024
STAS Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
211,875
249,167
Tangible assets
8,340
3,682
Cash at bank and in hand
56,717
16,033
Creditors: amounts falling due within one year
(232,429)
(55,709)
Net current liabilities
(141,629)
(16,846)
Total assets less current liabilities
78,586
236,003
Creditors: amounts falling due after more than one year
(35,000)
(210,000)
Called up share capital
103
103
Profit and loss account
43,483
25,900
Shareholders' funds
43,586
26,003
For the year ending 31 December 2023 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 22 September 2024 and were signed on its behalf by
S Turner
Director
Company Registration No. 05799699
STAS Ltd
Notes to the Accounts
for the year ended 31 December 2023
STAS Ltd is a private company, limited by shares, registered in England and Wales, registration number 05799699. The registered office is 253 COWBRIDGE ROAD WEST, CARDIFF, CF5 5TD, WALES.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the provision of services is recognised by reference to the stage of completion of the contract.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Fixtures & fittings
5 years
STAS Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
At 31 December 2023
295,000
Charge for the year
72,292
At 31 December 2023
83,125
At 31 December 2023
211,875
At 31 December 2022
249,167
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
3,809
-
3,809
Additions
3,088
3,253
6,341
At 31 December 2023
6,897
3,253
10,150
At 1 January 2023
127
-
127
Charge for the year
1,216
467
1,683
At 31 December 2023
1,343
467
1,810
At 31 December 2023
5,554
2,786
8,340
At 31 December 2022
3,682
-
3,682
Amounts falling due within one year
Trade debtors
33,041
21,788
Amounts falling due after more than one year
STAS Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
4,796
1,184
Taxes and social security
62,897
16,605
Other creditors
122,434
542
Loans from directors
15,249
26,625
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
35,000
210,000
9
Average number of employees
During the year the average number of employees was 8 (2022: 4).