REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024 |
FOR |
STALOUNA LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024 |
FOR |
STALOUNA LIMITED |
STALOUNA LIMITED (REGISTERED NUMBER: 05431693) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 1 April 2023 to 30 April 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 8 |
STALOUNA LIMITED |
COMPANY INFORMATION |
for the period 1 April 2023 to 30 April 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
39 Berwyn Road |
Richmond |
Surrey |
TW10 5BU |
STALOUNA LIMITED (REGISTERED NUMBER: 05431693) |
STATEMENT OF FINANCIAL POSITION |
30 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
STALOUNA LIMITED (REGISTERED NUMBER: 05431693) |
STATEMENT OF FINANCIAL POSITION - continued |
30 April 2024 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
STALOUNA LIMITED (REGISTERED NUMBER: 05431693) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 1 April 2023 to 30 April 2024 |
1. | Statutory information |
Stalouna Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Significant judgements and estimates |
The directors have not been required to make any material critical judgements in the process of applying the company's accounting policies. |
Turnover |
Turnover represents sales of print and associated services at invoiced amounts. Revenue is recognised when the outcome of a transaction can be estimated reliably, by reference to the stage of completion of the transaction at the end of the reporting period. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
STALOUNA LIMITED (REGISTERED NUMBER: 05431693) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2023 to 30 April 2024 |
2. | Accounting policies - continued |
Financial instruments |
Financial instruments are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds only basic financial instruments which comprise cash and cash equivalents, trade debtors and trade creditors. |
Cash and cash equivalents - these include deposits held with banks. |
Trade debtors - these are initially recognised at the transaction price and are subsequently measured at amortised cost using the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount expected to be receivable, net of any impairment. |
Trade creditors - these are initially measured at the transaction price and are subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount expected to be payable. |
Taxation |
Taxation for the period comprises current tax. Tax is recognised in the Income Statement. |
Current taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date. |
Pension costs |
The company operates a defined contribution pension scheme, the assets of which are held separately from those of the company in independently administered funds. Contributions are recognised in profit or loss in the year to which the contributions relate. |
3. | Employees and directors |
The average number of employees during the period was |
STALOUNA LIMITED (REGISTERED NUMBER: 05431693) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2023 to 30 April 2024 |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 April 2023 |
Disposals | ( |
) |
At 30 April 2024 |
Amortisation |
At 1 April 2023 |
Charge for period |
Eliminated on disposal | ( |
) |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
At 31 March 2023 |
Goodwill arose on the purchase of an unincorporated business in 2005 and was amortised over the period to 31 March 2024. On cessation of trading this asset was written off. |
5. | Tangible fixed assets |
Equipment |
£ |
Cost |
At 1 April 2023 |
Disposals | ( |
) |
At 30 April 2024 |
Depreciation |
At 1 April 2023 |
Eliminated on disposal | ( |
) |
At 30 April 2024 |
Net book value |
At 30 April 2024 |
At 31 March 2023 |
On cessation of trading all assets were written off as they had no resale value. |
STALOUNA LIMITED (REGISTERED NUMBER: 05431693) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2023 to 30 April 2024 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
VAT |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Corporation tax |
Social security and other taxes |
Directors' loan |
Accruals and deferred income |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
9. | Related party disclosures |
During the period, total dividends of £6,000 (2023 - £13,000) were paid to the directors . |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
STALOUNA LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stalouna Limited for the period ended 30 April 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Stalouna Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stalouna Limited and state those matters that we have agreed to state to the Board of Directors of Stalouna Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stalouna Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Stalouna Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Stalouna Limited. You consider that Stalouna Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Stalouna Limited. 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 financial statements. |
Chartered Accountants |
39 Berwyn Road |
Richmond |
Surrey |
TW10 5BU |