REGISTERED NUMBER: |
Peter Staunton Design Limited |
Unaudited Financial Statements |
for the Period |
1 February 2023 to 31 March 2024 |
REGISTERED NUMBER: |
Peter Staunton Design Limited |
Unaudited Financial Statements |
for the Period |
1 February 2023 to 31 March 2024 |
Peter Staunton Design Limited (Registered number: 10411639) |
Contents of the Financial Statements |
for the Period 1 February 2023 to 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Peter Staunton Design Limited |
Company Information |
for the Period 1 February 2023 to 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
5 Clarendon Place |
Leamington Spa |
Warwickshire |
CV32 5QL |
Peter Staunton Design Limited (Registered number: 10411639) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.1.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Peter Staunton Design Limited (Registered number: 10411639) |
Balance Sheet - continued |
31 March 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Peter Staunton Design Limited (Registered number: 10411639) |
Notes to the Financial Statements |
for the Period 1 February 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Peter Staunton Design Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounting period was extended this year to bring the period into line with an associated business run by the directors which had changed its accounting period end under the basis period reform legislation. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Income is recognised when the economic benefit of the sale is passed to the customer. Invoices are raised at agreed percentages of projects but the income is not released to the profit and loss account until delivery has taken place to the customer. Where the stage of completion reached is in excess of the invoices raised, this is brought in via accrued income. |
Tangible fixed assets |
Fixtures and fittings | - |
Stocks |
Work in progress is valued based on the appraised value of the stage of completion of each project at the year end. |
Taxation |
Taxation for the period 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 period 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. |
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. |
Peter Staunton Design Limited (Registered number: 10411639) |
Notes to the Financial Statements - continued |
for the Period 1 February 2023 to 31 March 2024 |
2. | ACCOUNTING POLICIES - continued |
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 period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 February 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 February 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 January 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.1.23 |
£ | £ |
Trade debtors |
Other debtors |
Tax |
VAT |
Accrued income |
Prepayments |
Peter Staunton Design Limited (Registered number: 10411639) |
Notes to the Financial Statements - continued |
for the Period 1 February 2023 to 31 March 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.1.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax |
Social security and other taxes |
Other creditors |
Related party creditor | 7,795 | 16,030 |
Directors' current accounts | 655 | 38,295 |
Deferred income |
Accrued expenses |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.3.24 | 31.1.23 |
£ | £ |
Within one year |
Between one and five years |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.24 | 31.1.23 |
value: | £ | £ |
Ordinary | £0.01 | 1 | 1 |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |