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Registered number: 13826898
Stay Hello Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13826898
31 January 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,142 2,122
3,142 2,122
CURRENT ASSETS
Debtors 5 2,230 1,389
Cash at bank and in hand 1,467 654
3,697 2,043
Creditors: Amounts Falling Due Within One Year 6 (6,191 ) (5,916 )
NET CURRENT ASSETS (LIABILITIES) (2,494 ) (3,873 )
TOTAL ASSETS LESS CURRENT LIABILITIES 648 (1,751 )
NET ASSETS/(LIABILITIES) 648 (1,751 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 548 (1,851 )
SHAREHOLDERS' FUNDS 648 (1,751)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Yiu-Tung Poon
Director
11 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stay Hello Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13826898 . The registered office is Office 303b 10 Courtenay Rd, East Lane Business Park,, WEMBLEY, HA9 7ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section
1A Small Entities The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act
2006.
2.2. Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of Value
Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on cost
2.4. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as
either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a
residual interest in the assets of the company after deducting all of its liabilities.
Basic financial instruments
Other debtors
Other debtors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial
recognition they are measured at amortised cost using the effective interest method, less any impairment losses. If
the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business
terms, then it is measured at the present value of future payments discounted at a market rate for a similar debt
instrument.
Trade and other creditors
Trade and other creditors are recognised initially at transaction price less attributable transaction costs. Subsequent to
initial recognition they are measured at amortised cost using the effective interest method. If the arrangement
constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is
measured at the present value of future payments discounted at a market rate for a similar debt instrument.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 2,829
Additions 2,302
As at 31 January 2024 5,131
Depreciation
As at 1 February 2023 707
Provided during the period 1,282
As at 31 January 2024 1,989
...CONTINUED
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Net Book Value
As at 31 January 2024 3,142
As at 1 February 2023 2,122
5. Debtors
31 January 2024 31 January 2023
£ £
Due within one year
Trade debtors 2,230 1,039
Prepayments and accrued income - 350
2,230 1,389
6. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 January 2023
£ £
Corporation tax 595 -
Other creditors 2,471 5,116
Accruals and deferred income 3,125 800
6,191 5,916
Other creditors include amounts aggregating 2024: £816 (2023: £5,116) due to the director of this company. The loan is interest free and repayable on demand.
7. Share Capital
31 January 2024 31 January 2023
£ £
Allotted, Called up and fully paid 100 100
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