Silverfin false false 30/04/2024 01/05/2023 30/04/2024 S C Coombes 04/12/2006 T R A Coombes 31/12/1991 04 November 2024 The principal activity of the Company during the financial year was development of properties for resale. 01515568 2024-04-30 01515568 bus:Director1 2024-04-30 01515568 bus:Director2 2024-04-30 01515568 core:CurrentFinancialInstruments 2024-04-30 01515568 core:CurrentFinancialInstruments 2023-04-30 01515568 2023-04-30 01515568 core:ShareCapital 2024-04-30 01515568 core:ShareCapital 2023-04-30 01515568 core:RetainedEarningsAccumulatedLosses 2024-04-30 01515568 core:RetainedEarningsAccumulatedLosses 2023-04-30 01515568 2023-05-01 2024-04-30 01515568 bus:FilletedAccounts 2023-05-01 2024-04-30 01515568 bus:SmallEntities 2023-05-01 2024-04-30 01515568 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 01515568 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01515568 bus:Director1 2023-05-01 2024-04-30 01515568 bus:Director2 2023-05-01 2024-04-30 01515568 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 01515568 (England and Wales)

STATS DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

STATS DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

STATS DEVELOPMENTS LIMITED

BALANCE SHEET

As at 30 April 2024
STATS DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Current assets
Debtors 3 102 1,690
Cash at bank and in hand 23,142 26,506
23,244 28,196
Creditors: amounts falling due within one year 4 ( 7,273) ( 6,500)
Net current assets 15,971 21,696
Total assets less current liabilities 15,971 21,696
Net assets 15,971 21,696
Capital and reserves
Called-up share capital 100 100
Profit and loss account 15,871 21,596
Total shareholders' funds 15,971 21,696

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Stats Developments Limited (registered number: 01515568) were approved and authorised for issue by the Board of Directors on 04 November 2024. They were signed on its behalf by:

S C Coombes
Director
STATS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
STATS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Stats Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Station Road, Ilminster, Somerset, TA19 9AU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of properties is recognised when the sale has been agreed.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Corporation tax 0 540
Other debtors 102 1,150
102 1,690

4. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 7,273 6,500