STAG BUYING GROUP LIMITED
Registered number: 02577464
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 28,913 19,943
Current assets
Debtors 4 5,400,420 4,385,881
Cash at bank and in hand 754,592 511,519
6,155,012 4,897,400
Creditors: amounts falling due within one year 5 (3,653,596) (2,455,576)
Net current assets 2,501,416 2,441,824
Total assets less current liabilities 2,530,329 2,461,767
Creditors: amounts falling due after more than one year 6 (93,333) (373,333)
Net assets 2,436,996 2,088,434
Capital and reserves
Called up share capital 101,501 101,500
Capital redemption 500 500
Profit and loss account 2,334,995 1,986,434
Shareholder's funds 2,436,996 2,088,434
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.
W Robertson
Director
Approved by the board on 14 March 2025
STAG BUYING GROUP LIMITED
Notes to the Accounts
for the year ended 31 January 2025
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Leasehold land and buildings over the lease term
Computer equipment over 3 years
Plant and machinery over 3 years
Fixtures and fittings over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 9 10
3 Tangible fixed assets
Land and buildings Computers & office equipment Total
£ £ £
Cost
At 1 February 2024 11,400 218,958 230,358
Additions - 23,261 23,261
At 31 January 2025 11,400 242,219 253,619
Depreciation
At 1 February 2024 11,400 199,015 210,415
Charge for the year - 14,291 14,291
At 31 January 2025 11,400 213,306 224,706
Net book value
At 31 January 2025 - 28,913 28,913
At 31 January 2024 - 19,943 19,943
4 Debtors 2025 2024
£ £
Trade debtors 3,876,634 2,858,988
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,502,335 1,502,335
Other debtors 21,451 24,558
5,400,420 4,385,881
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans, invoice discounting and overdrafts 667,953 293,681
Trade creditors 2,688,203 1,818,278
Corporation tax 123,251 196,630
Taxes and social security costs 126,236 98,235
Other creditors 47,953 48,752
3,653,596 2,455,576
The bank loans are secured on a fixed and floating charge on the receivables and other assets of the company.
There are cross guarantees dated 27 August 2019 between the company and its parent company, Draw Holdings Limited. At the year end the total borrowings of Draw Holdings Limited was £nil (2024: £nil).
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans, secured as above 93,333 373,333
7 Pension commitments
The company has a commitment under auto enrolment to contribute 3% of all employees remuneration to a defined contribution scheme.
8 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases and property rental agreements 36,184 71,837
9 Related party transactions
The company paid rent of £34,060 (2024: £34,060) to the director's pension scheme in relation to a lease agreement which expires in 2026.
10 Controlling party
The ultmate parent company is Draw Holdings Limited, a company incorporated in the United Kingdom and registered in England and Wales. On the grounds that its group is small, Draw Holdings Limited does not prepare consolidated financial statements. The ultimate holding company's controlling party is Ward Robertson. The registered Office of Draw Holdings Limited is:
1 Bowden Way
Failand
Bristol BS8 3XA
11 Other information
STAG BUYING GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
The Courtyard
221 Cheney Manor Road
Swindon
Wiltshire
SN2 2PE
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