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REGISTERED NUMBER: 12583680 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

STELLA TAPS LIMITED

STELLA TAPS LIMITED (REGISTERED NUMBER: 12583680)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STELLA TAPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr R Davison





SECRETARY:





REGISTERED OFFICE: 1 Stella Street
Mansfield
Nottinghamshire
NG18 4AN





REGISTERED NUMBER: 12583680 (England and Wales)





ACCOUNTANTS: Anderson & Co
18 Diamond Avenue
Kirkby in Ashfield
Nottinghamshire
NG17 7GR

STELLA TAPS LIMITED (REGISTERED NUMBER: 12583680)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,495 37,464

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 1,445 1,965
Cash at bank and in hand 40,602 34,400
44,047 38,365
CREDITORS
Amounts falling due within one year 6 19,820 13,885
NET CURRENT ASSETS 24,227 24,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,722

61,944

PROVISIONS FOR LIABILITIES 1,925 2,281
NET ASSETS 60,797 59,663

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60,697 59,563
60,797 59,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STELLA TAPS LIMITED (REGISTERED NUMBER: 12583680)

BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





Mr R Davison - Director


STELLA TAPS LIMITED (REGISTERED NUMBER: 12583680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Stella Taps Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

STELLA TAPS LIMITED (REGISTERED NUMBER: 12583680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 June 2023 26,607 2,555 16,221 45,383
Additions 3,504 - - 3,504
At 31 May 2024 30,111 2,555 16,221 48,887
DEPRECIATION
At 1 June 2023 1,148 1,129 5,642 7,919
Charge for year 601 285 1,587 2,473
At 31 May 2024 1,749 1,414 7,229 10,392
NET BOOK VALUE
At 31 May 2024 28,362 1,141 8,992 38,495
At 31 May 2023 25,459 1,426 10,579 37,464

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors - 1,000
Prepayments 1,445 965
1,445 1,965

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 783 1,250
Corporation tax 4,046 6,586
VAT 3,204 2,930
PAYE and national insurance 948 30
Directors' loan accounts 9,352 1,119
Accrued expenses 1,487 1,970
19,820 13,885