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Registration number: 08947268

Stapleton House Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Stapleton House Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Stapleton House Limited

Company Information

Directors

Mr Kamal Sisodia

Mrs Radhika Sisodia

Registered office

Stapleton House
32 Borough Rd
Jarrow
NE32 5BL

 

Stapleton House Limited

(Registration number: 08947268)
Balance Sheet as at 30 April 2024

Note

2024

2023

   

£

£

£

£

Fixed Assets

   

 

Tangible Assets

4

 

535,665

 

539,759

Current assets

   

 

Debtors

5

2,502,340

 

2,078,024

 

Cash at bank and in hand

 

193,047

 

157,703

 

 

2,695,387

 

2,235,727

 

Creditors: Amounts falling due within one year

6

(429,271)

 

(340,980)

 

Net current assets

   

2,266,116

 

1,894,747

Total assets less current liabilities

   

2,801,781

 

2,434,506

Creditors: Amounts falling due after more than one year

6

 

(2,303)

 

(451)

Provisions for liabilities

 

(14,837)

 

-

Net assets

   

2,784,641

 

2,434,055

Capital and Reserves

   

 

Called up share capital

7

2

 

2

 

Retained Earnings

2,784,639

 

2,434,053

 

Shareholders' funds

   

2,784,641

 

2,434,055

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

 

Stapleton House Limited

(Registration number: 08947268)
Balance Sheet as at 30 April 2024

.........................................
Mrs Radhika Sisodia
Director

   
     
 

Stapleton House Limited

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:
Stapleton House
32 Borough Rd
Jarrow
NE32 5BL
United Kingdom

These financial statements were authorised for issue by the Board on 30 January 2025.

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 and provision of services 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

 

Stapleton House Limited

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

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

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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

Land and buildings

2% Straight line

Plant and machinery

20% Straight line

Fixtures and fittings

25% Straight line

Office equipment

33% Straight line

Motor vehicles

20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Stapleton House Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 47 (2023 - 51).

4

Tangible Assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 May 2023

575,012

60,703

93,467

9,297

Additions

-

5,192

63,251

-

Disposals

-

-

-

(879)

At 30 April 2024

575,012

65,895

156,718

8,418

Depreciation

At 1 May 2023

92,959

56,468

86,930

6,788

Charge for the year

11,500

4,606

9,656

1,471

Eliminated on disposal

-

-

-

-

At 30 April 2024

104,459

61,074

96,586

8,259

Carrying amount

At 30 April 2024

470,553

4,821

60,132

159

At 30 April 2023

482,053

8,235

6,537

2,509

 

Stapleton House Limited

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

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

49,500

787,979

Additions

-

68,443

Disposals

(49,500)

(50,379)

At 30 April 2024

-

806,043

Depreciation

At 1 May 2023

9,075

252,220

Charge for the year

-

27,233

Eliminated on disposal

(9,075)

(9,075)

At 30 April 2024

-

270,378

Carrying amount

At 30 April 2024

-

535,665

At 30 April 2023

40,425

539,759

Included within the net book value of land and buildings above is £470,553 (2023 - £482,053) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade Debtors

8,550

12,979

Other debtors

2,493,790

2,065,045

 

2,502,340

2,078,024

 

Stapleton House Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade Creditors

4,611

47,249

Taxation and social security

165,428

119,539

Accruals and deferred income

6,495

6,495

Other creditors

252,737

167,697

429,271

340,980

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

1

1

1

1

Ordinary B of £1 each

1

1

1

1

2

2

2

2