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REGISTERED NUMBER: 05089563 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Stacks Relocation UK Limited

Stacks Relocation UK Limited (Registered number: 05089563)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stacks Relocation UK Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J C Greenwood
G R Sumption





SECRETARY: J C Greenwood





REGISTERED OFFICE: Lennox House
3 Pierrepont Street
Bath
Somerset
BA1 1LB





REGISTERED NUMBER: 05089563 (England and Wales)

Stacks Relocation UK Limited (Registered number: 05089563)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 4,531 5,034
4,531 5,034

CURRENT ASSETS
Debtors 7 356,463 344,258
Cash at bank 304,858 358,291
661,321 702,549
CREDITORS
Amounts falling due within one year 8 123,971 168,961
NET CURRENT ASSETS 537,350 533,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

541,881

538,622

CREDITORS
Amounts falling due after more than one
year

9

(10,834

)

(20,833

)

PROVISIONS FOR LIABILITIES (1,133 ) (1,259 )
NET ASSETS 529,914 516,530

CAPITAL AND RESERVES
Called up share capital 850 850
Retained earnings 529,064 515,680
SHAREHOLDERS' FUNDS 529,914 516,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:



J C Greenwood - Director


Stacks Relocation UK Limited (Registered number: 05089563)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Stacks Relocation UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. The Company has adopted Section 1A of FRS 102 in these financial statements

Turnover
Turnover represents net sales of services on contracts entered into before the balance sheet date at the stage of completion at that date, excluding value added tax. Turnover not invoiced at the balance sheet date is reflected in debtors as amounts recoverable on contracts.

Goodwill
Goodwill is initially measured at cost. After initial recognition, goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill was the amount paid in connection with the acquisition of a business in 2004 and was amortised evenly over estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on straight line basis

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

Stacks Relocation UK Limited (Registered number: 05089563)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans and overdrafts, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current or deferred taxation assets and liabilities are not discounted.

Current tax
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Deferred tax
Deferred tax arises from timing differences that are differences between taxable profit and total comprehensive income as stated in the financial statements. These 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 recognised on all timing differences at the reporting date except for certain exceptions. 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Share capital
Ordinary shares are classified as equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Stacks Relocation UK Limited (Registered number: 05089563)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 41,000
AMORTISATION
At 1 July 2023
and 30 June 2024 41,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 6,810 3,086 9,896
DEPRECIATION
At 1 July 2023 1,776 3,086 4,862
Charge for year 503 - 503
At 30 June 2024 2,279 3,086 5,365
NET BOOK VALUE
At 30 June 2024 4,531 - 4,531
At 30 June 2023 5,034 - 5,034

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 82,436 56,287
Amounts recoverable on contract 10,877 40,260
Other debtors 47,065 36,209
Directors' current accounts 169,288 166,680
Prepayments and accrued income 10,330 8,355
319,996 307,791

Amounts falling due after more than one year:
Taxation recoverable 36,467 36,467

Aggregate amounts 356,463 344,258

Stacks Relocation UK Limited (Registered number: 05089563)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 58,455 38,732
Tax 23,180 39,445
Social security and other taxes - 26,471
Other creditors 3,606 3,267
Directors' current accounts 1,878 765
Accruals and deferred income 26,852 50,281
123,971 168,961

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 834 10,833
10,834 20,833

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
J C Greenwood
Balance outstanding at start of year 166,680 110,153
Amounts advanced 57,130 56,527
Amounts repaid (54,522 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 169,288 166,680