Silverfin false false 30/09/2024 01/10/2023 30/09/2024 P Day 22/09/2008 04 March 2025 The principal activity of the company during the year was that of selling quad bikes and similar motor vehicles. 06704257 2024-09-30 06704257 bus:Director1 2024-09-30 06704257 2023-09-30 06704257 core:CurrentFinancialInstruments 2024-09-30 06704257 core:CurrentFinancialInstruments 2023-09-30 06704257 core:Non-currentFinancialInstruments 2024-09-30 06704257 core:Non-currentFinancialInstruments 2023-09-30 06704257 core:ShareCapital 2024-09-30 06704257 core:ShareCapital 2023-09-30 06704257 core:RetainedEarningsAccumulatedLosses 2024-09-30 06704257 core:RetainedEarningsAccumulatedLosses 2023-09-30 06704257 core:PlantMachinery 2023-09-30 06704257 core:Vehicles 2023-09-30 06704257 core:OfficeEquipment 2023-09-30 06704257 core:PlantMachinery 2024-09-30 06704257 core:Vehicles 2024-09-30 06704257 core:OfficeEquipment 2024-09-30 06704257 2023-10-01 2024-09-30 06704257 bus:FilletedAccounts 2023-10-01 2024-09-30 06704257 bus:SmallEntities 2023-10-01 2024-09-30 06704257 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 06704257 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06704257 bus:Director1 2023-10-01 2024-09-30 06704257 core:PlantMachinery 2023-10-01 2024-09-30 06704257 core:Vehicles 2023-10-01 2024-09-30 06704257 core:OfficeEquipment 2023-10-01 2024-09-30 06704257 2022-10-01 2023-09-30 06704257 core:CurrentFinancialInstruments 2023-10-01 2024-09-30 06704257 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Company No: 06704257 (England and Wales)

STAG ENVIRONMENTAL LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

STAG ENVIRONMENTAL LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

STAG ENVIRONMENTAL LTD

BALANCE SHEET

As at 30 September 2024
STAG ENVIRONMENTAL LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 198,988 124,883
198,988 124,883
Current assets
Stocks 323,174 263,232
Debtors 4 112,772 248,417
Cash at bank and in hand 69,093 1,058
505,039 512,707
Creditors: amounts falling due within one year 5 ( 390,174) ( 399,383)
Net current assets 114,865 113,324
Total assets less current liabilities 313,853 238,207
Creditors: amounts falling due after more than one year 6 ( 99,943) ( 76,653)
Provision for liabilities 7 ( 49,747) ( 16,622)
Net assets 164,163 144,932
Capital and reserves
Called-up share capital 10 10
Profit and loss account 164,153 144,922
Total shareholder's funds 164,163 144,932

For the financial year ending 30 September 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 financial statements of Stag Environmental Ltd (registered number: 06704257) were approved and authorised for issue by the Director on 04 March 2025. They were signed on its behalf by:

P Day
Director
STAG ENVIRONMENTAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
STAG ENVIRONMENTAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Stag Environmental Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, Somerset, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 20 % reducing balance
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials and direct labour. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Interest-bearing borrowings are initially recorded at fair value, net transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months aft ther reporting date.

Assets held under hire purchase agreements are capitalised as tangible fixed assets with the future obligation being recognised as a liability. Finance costs are recognised in the Profit and Loss Account calculated at a constant periodic rate of interest over the term of the liability.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 5 3

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 October 2023 77,557 101,331 5,590 184,478
Additions 35,945 85,299 885 122,129
Disposals 0 ( 38,525) 0 ( 38,525)
At 30 September 2024 113,502 148,105 6,475 268,082
Accumulated depreciation
At 01 October 2023 24,845 31,881 2,869 59,595
Charge for the financial year 10,904 20,232 592 31,728
Disposals 0 ( 22,229) 0 ( 22,229)
At 30 September 2024 35,749 29,884 3,461 69,094
Net book value
At 30 September 2024 77,753 118,221 3,014 198,988
At 30 September 2023 52,712 69,450 2,721 124,883

4. Debtors

2024 2023
£ £
Trade debtors 90,366 245,177
Amounts owed by Group undertakings 7,622 0
Corporation tax 4,075 0
Other debtors 10,709 3,240
112,772 248,417

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 3,360 3,360
Trade creditors 216,155 269,515
Taxation and social security 3,600 23,242
Obligations under finance leases and hire purchase contracts (secured) 25,609 13,618
Other creditors 141,450 89,648
390,174 399,383

Hire purchase obligations are secured upon the assets to which they relate.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 2,240 5,600
Obligations under finance leases and hire purchase contracts (secured) 59,851 27,651
Other creditors 37,852 43,402
99,943 76,653

Hire purchase obligations are secured upon the assets to which they relate.

7. Provision for liabilities

2024 2023
£ £
Deferred tax 49,747 16,622