Registered number
09001297
Stanley Investments Ltd
Unaudited Filleted Accounts
30 September 2024
Stanley Investments Ltd
Registered number: 09001297
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 116,007 118,648
Current assets
Stocks 379,200 -
Debtors 4 131,265 1,033,037
Cash at bank and in hand 2,389,760 548,037
2,900,225 1,581,074
Creditors: amounts falling due within one year 5 (557,917) (193,661)
Net current assets 2,342,308 1,387,413
Total assets less current liabilities 2,458,315 1,506,061
Creditors: amounts falling due after more than one year 6 - (200,000)
Provisions for liabilities (12,967) (15,763)
Net assets 2,445,348 1,290,298
Capital and reserves
Called up share capital 300 300
Profit and loss account 2,445,048 1,289,998
Shareholders' funds 2,445,348 1,290,298
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities under the Companies Act 2006 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.
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.
Christopher Curtis
Director
Approved by the board on 1 November 2024
Stanley Investments Ltd
Notes to the Accounts
for the year ended 30 September 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).
The presentation currency of the financial statements is Pound Sterling (£).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
When the outcome of a transaction cannot be estimated reliably then income is recognised equal to the costs incurred as long as it is probable that the costs will be recovered.
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:
Office equipment 20-25% on a straight line basis
Computer equipment 25% on a straight line basis
Motor Vehicles 25% on a written down value
Office improvements 25% on a straight line basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Debtors
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Creditors are measured at transaction price (which is usually the invoice price).
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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date. 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.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 2 5
3 Tangible fixed assets
Office equipment Office improvements IT Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 11,394 - 8,425 167,552 187,371
Additions 9,257 24,708 5,738 - 39,703
Disposals - - (4,054) - (4,054)
At 30 September 2024 20,651 24,708 10,109 167,552 223,020
Depreciation
At 1 October 2023 5,847 - 5,710 57,166 68,723
Charge for the year 5,157 6,177 3,413 27,597 42,344
On disposals - - (4,054) - (4,054)
At 30 September 2024 11,004 6,177 5,069 84,763 107,013
Net book value
At 30 September 2024 9,647 18,531 5,040 82,789 116,007
At 30 September 2023 5,547 - 2,715 110,386 118,648
4 Debtors 2024 2023
£ £
Trade debtors - 2,529
Other debtors 131,265 1,030,508
131,265 1,033,037
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 18,671 12,167
Taxation and social security costs 536,746 126,277
Other creditors 2,500 55,217
557,917 193,661
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - 200,000
7 Statutory Information
Stanley Investments Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Stanley House
15-17 Ladybridge Road
Cheadle Hulme
Cheshire
SK8 5BL
It's registered number is 09001297.
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