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REGISTERED NUMBER: 08054576 (England and Wales)
























STATUS LETTINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






STATUS LETTINGS LIMITED (REGISTERED NUMBER: 08054576)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STATUS LETTINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: A P Wakefield





SECRETARY:





REGISTERED OFFICE: 87 North Road
Poole
Dorset
BH14 0LT





REGISTERED NUMBER: 08054576 (England and Wales)





ACCOUNTANTS: Sau Kee Li CTA ATT
87 North Road
Parkstone
Poole
Dorset
BH14 0LT

STATUS LETTINGS LIMITED (REGISTERED NUMBER: 08054576)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 140,500 140,500
Tangible assets 5 2,087 2,783
142,587 143,283

CURRENT ASSETS
Debtors 6 533,500 533,500
Cash at bank and in hand 66,877 75,181
600,377 608,681
CREDITORS
Amounts falling due within one year 7 156,330 150,627
NET CURRENT ASSETS 444,047 458,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,634

601,337

CREDITORS
Amounts falling due after more than one
year

8

322,187

327,373
NET ASSETS 264,447 273,964

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 264,347 273,864
SHAREHOLDERS' FUNDS 264,447 273,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STATUS LETTINGS LIMITED (REGISTERED NUMBER: 08054576)

BALANCE SHEET - continued
31 May 2024


The 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.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





A P Wakefield - Director


STATUS LETTINGS LIMITED (REGISTERED NUMBER: 08054576)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Status Lettings 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 Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

STATUS LETTINGS LIMITED (REGISTERED NUMBER: 08054576)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 140,500
NET BOOK VALUE
At 31 May 2024 140,500
At 31 May 2023 140,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 30,000 5,126 13,330 48,456
DEPRECIATION
At 1 June 2023 28,733 4,761 12,179 45,673
Charge for year 317 91 288 696
At 31 May 2024 29,050 4,852 12,467 46,369
NET BOOK VALUE
At 31 May 2024 950 274 863 2,087
At 31 May 2023 1,267 365 1,151 2,783

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 533,500 533,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,955 -
Trade creditors 114,874 97,611
Taxation and social security 35,801 46,296
Other creditors 700 6,720
156,330 150,627

STATUS LETTINGS LIMITED (REGISTERED NUMBER: 08054576)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 51,831 50,139
Other creditors 270,356 277,234
322,187 327,373

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 34,390 40,155
Capital On Tap 17,441 9,984
Asset Advantage Loans 225,424 276,534
NCF Finance 44,232 -
321,487 326,673