Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07123827 Mrs A Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07123827 2023-01-31 07123827 2024-01-31 07123827 2023-02-01 2024-01-31 07123827 frs-core:CurrentFinancialInstruments 2024-01-31 07123827 frs-core:Non-currentFinancialInstruments 2024-01-31 07123827 frs-core:ComputerEquipment 2024-01-31 07123827 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07123827 frs-core:ComputerEquipment 2023-01-31 07123827 frs-core:FurnitureFittings 2024-01-31 07123827 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07123827 frs-core:FurnitureFittings 2023-01-31 07123827 frs-core:PlantMachinery 2024-01-31 07123827 frs-core:PlantMachinery 2023-02-01 2024-01-31 07123827 frs-core:PlantMachinery 2023-01-31 07123827 frs-core:ShareCapital 2024-01-31 07123827 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07123827 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07123827 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07123827 frs-bus:SmallEntities 2023-02-01 2024-01-31 07123827 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07123827 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07123827 frs-bus:Director1 2023-02-01 2024-01-31 07123827 frs-countries:EnglandWales 2023-02-01 2024-01-31 07123827 2022-01-31 07123827 2023-01-31 07123827 2022-02-01 2023-01-31 07123827 frs-core:CurrentFinancialInstruments 2023-01-31 07123827 frs-core:Non-currentFinancialInstruments 2023-01-31 07123827 frs-core:ShareCapital 2023-01-31 07123827 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07123827
Stag Precision Engineering Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 07123827
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 4,802 7,166
4,802 7,166
CURRENT ASSETS
Debtors 4 5,490 8,665
5,490 8,665
Creditors: Amounts Falling Due Within One Year 5 (41,378 ) (37,592 )
NET CURRENT ASSETS (LIABILITIES) (35,888 ) (28,927 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,086 ) (21,761 )
Creditors: Amounts Falling Due After More Than One Year 6 (6,850 ) (10,092 )
NET LIABILITIES (37,936 ) (31,853 )
CAPITAL AND RESERVES
Called up share capital 7 4 4
Income Statement (37,940 ) (31,857 )
SHAREHOLDERS' FUNDS (37,936) (31,853)
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For the year ending 31 January 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 her 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 Income Statement.
On behalf of the board
Mrs A Williams
Director
30 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
1.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3. 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 and from the rendering of services. 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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery 33% reducing balance.
Fixtures and fittings 33% reducing balance.
Equipment 33% reducing balance.
1.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2023: NIL)
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3. Tangible Assets
Plant and machinery Fixtures and fittings Equipment Total
£ £ £ £
Cost
As at 1 February 2023 20,869 2,417 9,056 32,342
As at 31 January 2024 20,869 2,417 9,056 32,342
Depreciation
As at 1 February 2023 15,421 2,183 7,572 25,176
Provided during the period 1,797 77 490 2,364
As at 31 January 2024 17,218 2,260 8,062 27,540
Net Book Value
As at 31 January 2024 3,651 157 994 4,802
As at 1 February 2023 5,448 234 1,484 7,166
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,490 8,665
5,490 8,665
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 5,413 7,582
Other creditors 35,865 31,643
Taxation and social security 100 (1,633 )
41,378 37,592
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,850 10,092
6,850 10,092
The loan above was obtained under the government bounceback loan scheme and is therefore 100% secured by the government with no charge over the assets of the company.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
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8. Related Party Transactions
The following related party transactions were undertaken during the year:
A director and shareholder, withdrew amounts totalling £Nil (2023: £336) and repaid amounts totalling £Nil (2023: £Nil). At the balance sheet date the amount payable to the director was £19,768 (2023: payable £19,768).
A shareholder, withdrew amounts totalling £2,500 (2023: 4,201) and repaid amounts totalling £6,525 (2023: £14,209). At the balance sheet date the amount payable to the shareholder was £9,036 (2023: payable £9,036).
The aggregate remuneration paid to key management personnel for the year was £Nil (2023: £Nil).
No further transactions with related parties were undertaken, other than those under normal market conditions, such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
9. Going Concern
The company is able to meet its day to day working capital requirements through the support of its director. Therefore, the director considers it appropriate to prepare the financial statements on the going concern basis.
10. General Information
Stag Precision Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07123827 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
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