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REGISTERED NUMBER: 08829959 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE STAIR CLIMBING COMPANY LIMITED

THE STAIR CLIMBING COMPANY LIMITED (REGISTERED NUMBER: 08829959)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE STAIR CLIMBING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C W Persey
Mrs E Persey
D J Woodthorpe





REGISTERED OFFICE: Office 15, Unit 5
Stour Valley Business Centre
Brundon Lane
Sudbury
Suffolk
CO10 7GB





REGISTERED NUMBER: 08829959 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

THE STAIR CLIMBING COMPANY LIMITED (REGISTERED NUMBER: 08829959)

BALANCE SHEET
31 MARCH 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
14,177 Tangible assets 4 27,061

CURRENT ASSETS
40,000 Stocks 30,000
209,980 Debtors 5 257,680
59,268 Cash at bank and in hand 59,344
309,248 347,024
CREDITORS
125,379 Amounts falling due within one year 6 140,081
183,869 NET CURRENT ASSETS 206,943
198,046 TOTAL ASSETS LESS CURRENT
LIABILITIES

234,004

CREDITORS
(22,500 ) Amounts falling due after more than one
year

7

(12,500

)

(731 ) PROVISIONS FOR LIABILITIES (358 )
174,815 NET ASSETS 221,146

CAPITAL AND RESERVES
2 Called up share capital 2
174,813 Retained earnings 221,144
174,815 221,146

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

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

The directors acknowledge their 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.

THE STAIR CLIMBING COMPANY LIMITED (REGISTERED NUMBER: 08829959)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 17 November 2024 and were signed on its behalf by:





Mrs E Persey - Director


THE STAIR CLIMBING COMPANY LIMITED (REGISTERED NUMBER: 08829959)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

The Stair Climbing Company 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 represents the value of work completed during the year, by reference to invoiced sales and the opening and closing deferred income and trade debtor balances.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 25% reducing balance
Fixture and fittings - 25% reducing balance
Motor vehicle - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THE STAIR CLIMBING COMPANY LIMITED (REGISTERED NUMBER: 08829959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
Totals fittings vehicles equipment
£    £    £    £   
COST
At 1 April 2023 22,172 3,175 12,685 6,312
Additions 26,460 4,933 17,623 3,904
Disposals (6,377 ) - (4,450 ) (1,927 )
At 31 March 2024 42,255 8,108 25,858 8,289
DEPRECIATION
At 1 April 2023 7,995 1,220 3,901 2,874
Charge for year 9,019 1,722 5,768 1,529
Eliminated on disposal (1,820 ) - (1,113 ) (707 )
At 31 March 2024 15,194 2,942 8,556 3,696
NET BOOK VALUE
At 31 March 2024 27,061 5,166 17,302 4,593
At 31 March 2023 14,177 1,955 8,784 3,438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 60,422 63,680
Other debtors 197,258 146,300
257,680 209,980

THE STAIR CLIMBING COMPANY LIMITED (REGISTERED NUMBER: 08829959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 7,395 5,511
Taxation and social security 80,071 89,817
Other creditors 42,615 20,051
140,081 125,379

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,500 22,500