Acorah Software Products - Accounts Production 15.0.600 false true true false 25 August 2023 31 August 2024 31 August 2024 15095778 P Stevens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15095778 2023-08-24 15095778 2024-08-31 15095778 2023-08-25 2024-08-31 15095778 frs-core:ShareCapital 2024-08-31 15095778 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 15095778 frs-bus:PrivateLimitedCompanyLtd 2023-08-25 2024-08-31 15095778 frs-bus:FilletedAccounts 2023-08-25 2024-08-31 15095778 frs-bus:SmallEntities 2023-08-25 2024-08-31 15095778 frs-bus:AuditExempt-NoAccountantsReport 2023-08-25 2024-08-31 15095778 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-25 2024-08-31 15095778 frs-bus:Director1 2023-08-25 2024-08-31 15095778 frs-countries:EnglandWales 2023-08-25 2024-08-31
Registered number: 15095778
Stevens Sport And Classic Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Hancock & Hastings Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 15095778
2024
Notes £ £
CURRENT ASSETS
Cash at bank and in hand 22,189
22,189
Creditors: Amounts Falling Due Within One Year 4 (29,849 )
NET CURRENT ASSETS (LIABILITIES) (7,660 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,660 )
NET LIABILITIES (7,660 )
CAPITAL AND RESERVES
Called up share capital 5 100
Profit and Loss Account (7,760 )
SHAREHOLDERS' FUNDS (7,660)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P Stevens
Director
11/10/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Stevens Sport And Classic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15095778 . The registered office is 69 Manor Road, Caddington, Luton, LU1 4EE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) Section 1A applicable to small entities. As the company ceased trading on 31 August 2024, the financial statements have not been prepared on a going concern basis. Instead, they have been prepared on a break-up basis. On the break-up basis, the carrying value of assets and liabilities has been adjusted to reflect their expected realisable and settlement values.
2.2. Going Concern Disclosure
The company ceased trading on 31 August 2024. The directors have considered the company's financial position and the cessation of its operations and have concluded that it is no longer appropriate to prepare the accounts on a going concern basis. The financial statements have therefore been prepared on a break-up basis, which reflects the directors' intention to dispose of the company's assets and settle its liabilities within the next 12 months.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current  tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Creditors: Amounts Falling Due Within One Year
2024
£
Other creditors 29,849
5. Share Capital
2024
£
Allotted, Called up and fully paid 100
Page 2