Company Registration No. 11703602 (England and Wales)
Staff Power Group Limited
Unaudited accounts
for the year ended 31 March 2024
Staff Power Group Limited
Unaudited accounts
Contents
Staff Power Group Limited
Company Information
for the year ended 31 March 2024
Directors
Anthony John Hudson
David Philip Macmillan
Sean Lavender
Company Number
11703602 (England and Wales)
Registered Office
Mackies Corner
Chambers
106 High Street West
Sunderland
SR1 1TX
United Kingdom
Accountants
Pearl Accounting Limited
Suite 1
116 Ballards Lane
Finchley
London
N3 2DN
Staff Power Group Limited
Statement of financial position
as at 31 March 2024
Intangible assets
17,482
17,482
Tangible assets
32,426
29,422
Cash at bank and in hand
166,814
230,072
Creditors: amounts falling due within one year
(240,059)
(228,856)
Net current assets
490,648
418,665
Total assets less current liabilities
540,556
465,569
Creditors: amounts falling due after more than one year
(11,667)
(21,667)
Net assets
528,889
443,902
Called up share capital
100
100
Profit and loss account
528,789
443,802
Shareholders' funds
528,889
443,902
For the year ending 31 March 2024 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 1 November 2024 and were signed on its behalf by
Anthony John Hudson
Director
Company Registration No. 11703602
Staff Power Group Limited
Notes to the Accounts
for the year ended 31 March 2024
Staff Power Group Limited is a private company, limited by shares, registered in England and Wales, registration number 11703602. The registered office is Mackies Corner, Chambers, 106 High Street West, Sunderland, SR1 1TX, United Kingdom.
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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:
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
Staff Power Group Limited
Notes to the Accounts
for the year ended 31 March 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
14,364
30,056
44,420
Additions
8,584
1,455
10,039
At 31 March 2024
22,948
31,511
54,459
At 1 April 2023
5,495
9,503
14,998
Charge for the year
2,633
4,402
7,035
At 31 March 2024
8,128
13,905
22,033
At 31 March 2024
14,820
17,606
32,426
At 31 March 2023
8,869
20,553
29,422
Amounts falling due within one year
Trade debtors
413,216
283,849
Amounts due from group undertakings etc.
143,037
130,000
Accrued income and prepayments
4,575
490
Staff Power Group Limited
Notes to the Accounts
for the year ended 31 March 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
49,071
536
Amounts owed to group undertakings and other participating interests
65,880
18,040
Taxes and social security
52,946
119,280
Loans from directors
245
66,394
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Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 14 (2023: 12).