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Registered Number: 09625020
England and Wales

 

 

 

STORO LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
Report to the directors on the preparation of the unaudited statutory accounts of Storo Limited for the year ended 30 June 2024
In order to assist you in fulfilling your duties under the Companies Act 2006, we have prepared for your approval the accounts of Storo Limited for the year ended 30 June 2024 which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/

This report is made solely to the Board of Directors of Storo Ltd, as a body, in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for your approval the accounts of Storo Limited and state those matters that we have agreed to state to the Board of Directors of Storo Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Storo Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Storo Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position, and profit of Storo Limited. You consider that Storo  Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Storo 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 accounts. 


Accountancy Enterprise Ltd
71-75 Shelton Street
Covent Garden
WC2H 9JQ
07 November 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,102    1,849 
1,102    1,849 
Current assets      
Debtors   1,200 
Cash at bank and in hand 22,543    34,934 
22,543    36,134 
Creditors: amount falling due within one year (2,201)   (1,844)
Net current assets 20,342    34,290 
 
Total assets less current liabilities 21,444    36,139 
Creditors: amount falling due after more than one year (34,679)   (32,591)
Net assets (13,235)   3,548 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account (13,335)   3,448 
Shareholders' funds (13,235)   3,548 
 


For the year to 30 June 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 07 November 2024 and were signed by:


-------------------------------
Riccardo Sai
Director
2
General Information
Storo Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company's Information page.
The financial statements are prepared in sterling which is the functional currency of the company.
1.

Accounting policies

Significant accounting policies
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation for the period comprises current and deferred tax.
Tax is recognised in the statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.


Current or deferred taxation assets and liabilities are not discounted.


Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using 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.

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.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery - Straight line over 3 years
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 July 2023 9,624      9,624 
Additions   192    192 
Disposals (6,723)     (6,723)
At 30 June 2024 2,901    192    3,093 
Depreciation
At 01 July 2023 6,764      6,764 
Charge for year 938      938 
On disposals (5,711)     (5,711)
At 30 June 2024 1,991      1,991 
Net book values
Closing balance as at 30 June 2024 910    192    1,102 
Opening balance as at 01 July 2023 1,849      1,849 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

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