STL1 LIMITED
Registered number: 07221111
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ 1 £ 1
Fixed assets
Intangible assets - -
Tangible assets 3 5,876 436
Investments - -
5,876 436
Current assets
Stocks - -
Debtors 4 - -
Investments held as current assets - -
Cash at bank and in hand 12,500 6,059
12,500 6,059
Creditors: amounts falling due within one year 5 (2,281) (926)
Net current assets 10,219 5,133
Total assets less current liabilities 16,095 5,569
Creditors: amounts falling due after more than one year 6 (62,569) (65,370)
Net liabilities (46,474) (59,801)
Capital and reserves
Called up share capital 1 1
Profit and loss account (46,475) (59,802)
Shareholder's funds (46,474) (59,801)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S SUNSOA
Director
Approved by the board on 31 December 2024
STL1 LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% R V
Fixtures, fittings, tools and equipment 25% R V
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and equipment etc Motor vehicles Total
£ 1 £ 1 £ 1 £ 1
Cost
At 1 May 2023 - 27,478 - 27,478
Additions - 6,342 - 6,342
Surplus on revaluation - - - -
Disposals - - - -
At 30 April 2024 - 33,820 - 33,820
Depreciation
At 1 May 2023 - 27,042 - 27,042
Charge for the year - 902 - 902
Surplus on revaluation - - - -
On disposals - - - -
At 30 April 2024 - 27,944 - 27,944
Net book value
At 30 April 2024 - 5,876 - 5,876
At 30 April 2023 - 436 - 436
Freehold land and buildings: 2024 2023
£ 1 £ 1
Historical cost - -
Cumulative depreciation based on historical cost - -
- -
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]
0 Investments
Investments in
subsidiary Other
undertakings investments Total
£ 1 £ 1 £ 1
Cost
At 1 May 2023 - - -
Additions - - -
Revaluation - - -
Disposals - - -
At 30 April 2024 - - -
Historical cost
At 1 May 2023 - -
At 30 April 2024 - -
[For revalued investments, see FRS 102 paragraphs 1AC.15, 1AC.22 and 1AC.23 for disclosures]
4 Debtors 2024 2023
£ 1 £ 1
Trade debtors - -
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Deferred tax asset - -
Other debtors - -
- -
Amounts due after more than one year included above - -
0 Investments held as current assets 2024 2023
£ 1 £ 1
Fair value
Listed investments - -
Unlisted investments - -
- -
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments - -
Unlisted investments - -
- -
[For revalued investments, see FRS 102 paragraphs 1AC.22 and 1AC.23 for disclosures]
5 Creditors: amounts falling due within one year 2024 2023
£ 1 £ 1
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs 2,281 926
Other creditors - -
2,281 926
6 Creditors: amounts falling due after one year 2024 2023
£ 1 £ 1
Amounts owed to group undertakings and undertakings in which the company has a participating interest 62,569 65,370
Other creditors - -
62,569 65,370
7 Other information
STL1 LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
150 OSCOTT SCHOOL LANE
GREAT BARR
BIRMINGHAM
W MIDLANDS
B44 9EL
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