IRIS Accounts Production v24.3.0.553 02679227 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026792272023-06-30026792272024-06-30026792272023-07-012024-06-30026792272022-06-30026792272022-07-012023-06-30026792272023-06-3002679227ns15:EnglandWales2023-07-012024-06-3002679227ns14:PoundSterling2023-07-012024-06-3002679227ns10:Director12023-07-012024-06-3002679227ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002679227ns10:SmallEntities2023-07-012024-06-3002679227ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002679227ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002679227ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002679227ns10:FullAccounts2023-07-012024-06-3002679227ns10:Director22023-07-012024-06-3002679227ns10:Director32023-07-012024-06-3002679227ns10:CompanySecretary12023-07-012024-06-3002679227ns10:RegisteredOffice2023-07-012024-06-3002679227ns5:CurrentFinancialInstruments2024-06-3002679227ns5:CurrentFinancialInstruments2023-06-3002679227ns5:Non-currentFinancialInstruments2024-06-3002679227ns5:Non-currentFinancialInstruments2023-06-3002679227ns5:ShareCapital2024-06-3002679227ns5:ShareCapital2023-06-3002679227ns5:RetainedEarningsAccumulatedLosses2024-06-3002679227ns5:RetainedEarningsAccumulatedLosses2023-06-3002679227ns5:LandBuildings2023-07-012024-06-3002679227ns5:PlantMachinery2023-07-012024-06-3002679227ns5:LandBuildings2023-06-3002679227ns5:PlantMachinery2023-06-3002679227ns5:LandBuildings2024-06-3002679227ns5:PlantMachinery2024-06-3002679227ns5:LandBuildings2023-06-3002679227ns5:PlantMachinery2023-06-3002679227ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3002679227ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3002679227ns5:Non-currentFinancialInstruments2023-07-012024-06-30
REGISTERED NUMBER: 02679227 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th June 2024

for

Styletitle Limited

Styletitle Limited (Registered number: 02679227)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Styletitle Limited

Company Information
for the year ended 30th June 2024







DIRECTORS: Mr G Banks
Mr J E Banks
Mrs S J Banks





SECRETARY: Mrs S J Banks





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 02679227 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Styletitle Limited (Registered number: 02679227)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,883,636 1,883,732

CURRENT ASSETS
Debtors 5 7,861 6,786
Cash at bank 30,324 12,089
38,185 18,875
CREDITORS
Amounts falling due within one year 6 182,970 169,823
NET CURRENT LIABILITIES (144,785 ) (150,948 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,738,851

1,732,784

CREDITORS
Amounts falling due after more than one
year

7

819,415

860,228
NET ASSETS 919,436 872,556

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 919,336 872,456
SHAREHOLDERS' FUNDS 919,436 872,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Styletitle Limited (Registered number: 02679227)

Balance Sheet - continued
30th June 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 Board of Directors and authorised for issue on 17th March 2025 and were signed on its behalf by:





Mr G Banks - Director


Styletitle Limited (Registered number: 02679227)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

Styletitle 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 20% on reducing balance

No depreciation is provided on freehold property as the directors' are of the opinion the value is in excess of cost price, and therefore it would be inappropriate to depreciate. The year ended 30 June 2010 was the first year the directors' adopted this policy.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Styletitle Limited (Registered number: 02679227)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 1,883,252 1,034 1,884,286
DEPRECIATION
At 1st July 2023 - 554 554
Charge for year - 96 96
At 30th June 2024 - 650 650
NET BOOK VALUE
At 30th June 2024 1,883,252 384 1,883,636
At 30th June 2023 1,883,252 480 1,883,732

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 555 -
Other debtors 7,306 6,786
7,861 6,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 1,197
Taxation and social security 42,325 32,542
Other creditors 130,645 126,084
182,970 169,823

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,801 19,926
Other creditors 808,614 840,302
819,415 860,228

No security has been provided in respect of the bank loan.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr G and Mr J E Banks.