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. |