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Registration number: 10743673

Stand4 Ventures Ltd.

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Stand4 Ventures Ltd.

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Stand4 Ventures Ltd.

(Registration number: 10743673)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,780

31,681

Current assets

 

Stocks

88,352

181,217

Debtors

5

157,002

52,388

Cash at bank and in hand

 

26,745

16,292

 

272,099

249,897

Creditors: Amounts falling due within one year

6

(176,547)

(180,965)

Net current assets

 

95,552

68,932

Total assets less current liabilities

 

119,332

100,613

Creditors: Amounts falling due after more than one year

6

(21,663)

(41,023)

Provisions for liabilities

(381)

(381)

Net assets

 

97,288

59,209

Capital and reserves

 

Called up share capital

2

1

Share premium reserve

4,999

-

Retained earnings

92,287

59,208

Shareholders' funds

 

97,288

59,209

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Stand4 Ventures Ltd.

(Registration number: 10743673)
Balance Sheet as at 30 April 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 January 2025
 

.........................................
Mr J Turner
Director

 

Stand4 Ventures Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hall Orchard
Buxhall
Stowmarket
Suffolk
IP14 3DL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government Grants are recognised using the accrual model. Grants which relate to revenue shall be recognised in other operating income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Any amounts outstanding at the year end will be included within other debtors.

 

Stand4 Ventures Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and computer equipment

straight line over 3 years

Motor vehicles

25% reducing balance

Stocks

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

 

Stand4 Ventures Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Fixtures, fittings and computer equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

6,211

46,925

53,136

Additions

985

-

985

At 30 April 2024

7,196

46,925

54,121

Depreciation

At 1 May 2023

3,859

17,597

21,456

Charge for the year

1,553

7,332

8,885

At 30 April 2024

5,412

24,929

30,341

Carrying amount

At 30 April 2024

1,784

21,996

23,780

At 30 April 2023

2,353

29,328

31,681

5

Debtors

Note

2024
£

2023
£

Trade debtors

 

39,291

12,856

Amounts owed by related parties

106,015

3,272

Other debtors

 

11,696

36,260

 

157,002

52,388

 

Stand4 Ventures Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

19,459

18,922

Trade creditors

 

5,280

17,925

Taxation and social security

 

7,109

4,399

Other creditors

 

144,699

139,719

 

176,547

180,965

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

21,663

41,023

7

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank loan

18,240

29,480

Hire purchase

3,423

11,543

21,663

41,023

2024
£

2023
£

Current loans and borrowings

Bank loan

11,151

10,786

Bank overdrafts

188

16

Hire purchase

8,120

8,120

19,459

18,922