Company Registration No. 09943834 (England and Wales)
STPRO Ltd
Unaudited accounts
for the year ended 31 December 2023
STPRO Ltd
Unaudited accounts
Contents
STPRO Ltd
Company Information
for the year ended 31 December 2023
Directors
Dr Aalok Shukla
Mrs Lucie Marchelot
Company Number
09943834 (England and Wales)
Registered Office
63-66 Hatton Garden
5th Floor, Suite 23
London
London
EC1N 8LE
England
Accountants
DKB Accountancy & Taxation
12 Blackbrook Drive
Lodge Moor
Sheffield
South Yorkshire
S10 4LS
STPRO Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
11,487
17,251
Cash at bank and in hand
-
211
Creditors: amounts falling due within one year
(1,616)
(62,613)
Net current liabilities
(1,574)
(71)
Total assets less current liabilities
9,913
17,180
Provisions for liabilities
Deferred tax
(2,484)
(4,301)
Called up share capital
2
2
Profit and loss account
7,427
12,877
Shareholders' funds
7,429
12,879
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 25 September 2024 and were signed on its behalf by
Dr Aalok Shukla
Director
Company Registration No. 09943834
STPRO Ltd
Notes to the Accounts
for the year ended 31 December 2023
STPRO Ltd is a private company, limited by shares, registered in England and Wales, registration number 09943834. The registered office is 63-66 Hatton Garden, 5th Floor, Suite 23, London, London, EC1N 8LE, 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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
15% - reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
STPRO Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
At 31 December 2023
22,506
At 31 December 2023
11,019
At 31 December 2023
11,487
At 31 December 2022
17,251
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
1,363
1,094
7
Deferred taxation
2023
2022
Accelerated capital allowances
2,872
4,313
Tax losses carried forward
(388)
(12)
Provision at start of year
4,301
-
(Credited)/charged to the profit and loss account
(1,817)
4,301
Provision at end of year
2,484
4,301
STPRO Ltd
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
At the year end a balance of £1,363 (2022 : £1,094), included in Director's Loans was owed to key management personnel as a result of financing provided during the period. The balance is repayable on demand and is non-interest bearing.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).