2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 5,065 3,261 453 3,714 1,351 1,804 xbrli:pure xbrli:shares iso4217:GBP 10893987 2023-09-01 2024-10-31 10893987 2024-10-31 10893987 2023-08-31 10893987 2022-09-01 2023-08-31 10893987 2023-08-31 10893987 2022-08-31 10893987 bus:Director1 2023-09-01 2024-10-31 10893987 core:WithinOneYear 2024-10-31 10893987 core:WithinOneYear 2023-08-31 10893987 core:ShareCapital 2024-10-31 10893987 core:ShareCapital 2023-08-31 10893987 core:RetainedEarningsAccumulatedLosses 2024-10-31 10893987 core:RetainedEarningsAccumulatedLosses 2023-08-31 10893987 bus:SmallEntities 2023-09-01 2024-10-31 10893987 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-10-31 10893987 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-10-31 10893987 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-10-31 10893987 bus:FullAccounts 2023-09-01 2024-10-31 10893987 core:OfficeEquipment 2023-09-01 2024-10-31 10893987 core:OfficeEquipment 2024-10-31 10893987 core:OfficeEquipment 2023-08-31
COMPANY REGISTRATION NUMBER: 10893987
STAY HUNGRY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 October 2024
STAY HUNGRY LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2024
31 Oct 24
31 Aug 23
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,351
1,804
CURRENT ASSETS
Debtors
6
11,158
3,379
Cash at bank and in hand
264,309
328,176
----------
----------
275,467
331,555
CREDITORS: amounts falling due within one year
7
11,054
42,248
----------
----------
NET CURRENT ASSETS
264,413
289,307
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
265,764
291,111
PROVISIONS
150
1,578
----------
----------
NET ASSETS
265,614
289,533
----------
----------
STAY HUNGRY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2024
31 Oct 24
31 Aug 23
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
265,514
289,433
----------
----------
SHAREHOLDERS FUNDS
265,614
289,533
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the the company ceased trading on 31 july 2024 has not been delivered.
For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 November 2024 , and are signed on behalf of the board by:
Mrs A Morrow
Director
Company registration number: 10893987
STAY HUNGRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 SEPTEMBER 2023 TO 31 OCTOBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 Lidgett Park Avenue, Leeds, LS8 1EU, United Kingdom.
2. STATEMENT OF COMPLIANCE
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'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The company ceased trading on 31 July 2024 and the directors intend to strike off the company. Consequently the accounts have not been drawn up on a going concern basis.
(c) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
(d) Income tax
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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
(g) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(h) Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
(i) Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 2 (2023: 1 ).
5. TANGIBLE ASSETS
Equipment
£
Cost
At 1 September 2023 and 31 October 2024
5,065
-------
Depreciation
At 1 September 2023
3,261
Charge for the period
453
-------
At 31 October 2024
3,714
-------
Carrying amount
At 31 October 2024
1,351
-------
At 31 August 2023
1,804
-------
6. DEBTORS
31 Oct 24
31 Aug 23
£
£
Trade debtors
3,300
Other debtors
11,158
79
--------
-------
11,158
3,379
--------
-------
7. CREDITORS: amounts falling due within one year
31 Oct 24
31 Aug 23
£
£
Corporation tax
1,587
36,212
Social security and other taxes
4,776
Directors loan account
8,457
250
Other creditors
1,010
1,010
--------
--------
11,054
42,248
--------
--------