Registered number
10200140
Stenfield Limited
Filleted Accounts
31 October 2023
M Jaffer & Co
Chartered Certified Accountants
Devonshire House
582 Honeypot Lane
Stanmore
London
HA7 1JS
Stenfield Limited
Registered number: 10200140
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,327 11,328
Investments 4 115,000 115,000
124,327 126,328
Current assets
Stocks 108,000 108,000
Debtors 5 156,118 211,723
Cash at bank and in hand 122,742 35,637
386,860 355,360
Creditors: amounts falling due within one year 6 (383,509) (270,131)
Net current assets 3,351 85,229
Total assets less current liabilities 127,678 211,557
Creditors: amounts falling due after more than one year 7 (127,500) (187,500)
Net assets 178 24,057
Capital and reserves
Called up share capital 8 4 2
Profit and loss account 174 24,055
Shareholders' funds 178 24,057
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Mahesh Patel
Director
Approved by the board on 23 October 2024
Stenfield Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing basis
Investments
Investment property, which is a property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attribuable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit and loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 11
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 28,016
Additions 1,108
At 31 October 2023 29,124
Depreciation
At 1 November 2022 16,688
Charge for the year 3,109
At 31 October 2023 19,797
Net book value
At 31 October 2023 9,327
At 31 October 2022 11,328
4 Investment
Investments in
subsidiary
undertaking
£
Cost
At 1 November 2022 115,000
At 31 October 2023 115,000
5 Debtors 2023 2022
£ £
Trade debtors 126,626 181,801
Other debtors 29,492 29,922
156,118 211,723
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loan 60,000 50,000
Trade creditors 62,741 56,160
Amounts owed to group undertakings and undertakings in which the company has a participating interest 192,783 85,083
Taxation and social security costs 60,169 63,231
Other creditors 7,816 15,657
383,509 270,131
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan 127,500 187,500
8 Share Capital Nominal 2023 2023 2022
Value Number £ £
Ordinary shares £1 each 2 2 2
Ordinary B Share £1 each 1 1 -
Ordinary C Share £1 each 1 1 -
At 31 October 2023 4 2
9 Other information
Stenfield Limited is a private company limited by shares and incorporated in England. Its registered office is:
Level 5
The Union Building
Rose Lane
Norwich
NR1 1BY
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