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Company Registration No. 05799699 (England and Wales)
STAS Ltd Unaudited accounts for the year ended 31 December 2023
STAS Ltd Unaudited accounts Contents
Page
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STAS Ltd Company Information for the year ended 31 December 2023
Directors
S Turner L Turner
Secretary
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
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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
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STAS Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
211,875 
249,167 
Tangible assets
8,340 
3,682 
220,215 
252,849 
Current assets
Debtors
34,083 
22,830 
Cash at bank and in hand
56,717 
16,033 
90,800 
38,863 
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)
Net assets
43,586 
26,003 
Capital and reserves
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
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STAS Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
Turnover
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.
Pension costs
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
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
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
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STAS Ltd Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
260,000 
Additions
35,000 
At 31 December 2023
295,000 
Amortisation
At 1 January 2023
10,833 
Charge for the year
72,292 
At 31 December 2023
83,125 
Net book value
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 
Depreciation
At 1 January 2023
127 
- 
127 
Charge for the year
1,216 
467 
1,683 
At 31 December 2023
1,343 
467 
1,810 
Net book value
At 31 December 2023
5,554 
2,786 
8,340 
At 31 December 2022
3,682 
- 
3,682 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,041 
21,788 
Amounts falling due after more than one year
Other debtors
1,042 
1,042 
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STAS Ltd Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
27,053 
10,753 
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 
232,429 
55,709 
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).
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