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COMPANY REGISTRATION NUMBER: 08790360
STEFF LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 May 2024
STEFF LIMITED
STATEMENT OF FINANCIAL POSITION
31 May 2024
2024
2023
Note
£
£
£
£
CURRENT ASSETS
Debtors
5
279
Cash at bank and in hand
253
1,668
----
-------
253
1,947
CREDITORS: amounts falling due within one year
6
52,841
50,589
--------
--------
NET CURRENT LIABILITIES
52,588
48,642
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 52,588)
( 48,642)
CREDITORS: amounts falling due after more than one year
7
3,858
6,703
--------
--------
NET LIABILITIES
( 56,446)
( 55,345)
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
1
1
Profit and loss account
( 56,447)
( 55,346)
--------
--------
SHAREHOLDERS DEFICIT
( 56,446)
( 55,345)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
STEFF LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 19 February 2025 , and are signed on behalf of the board by:
Mr S Mariciuc
Director
Company registration number: 08790360
STEFF LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 92 Charnwood Road, Corby, Northamptonshire, NN17 1YR.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on a non-going concern basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The company ceased to trade on 31 May 2023.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to Nil (2023: 2 ).
5. DEBTORS
2024
2023
£
£
Other debtors
279
----
----
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,845
2,787
Other creditors
49,996
47,802
--------
--------
52,841
50,589
--------
--------
7. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,858
6,703
-------
-------
8. RELATED PARTY TRANSACTIONS
During the period the company undertook the following transactions with related parties: The directors have advanced monies to the company. At 31 May 2024 the amount due from the company was £49,606 (2023 - £45,889).