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Registered number: 09300693
Stallion Business Group Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09300693
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 757 7,857
Tangible Assets 5 3,243 3,816
Investments 6 200 325
4,200 11,998
CURRENT ASSETS
Debtors 7 517,114 471,967
Cash at bank and in hand 99,587 174,172
616,701 646,139
Creditors: Amounts Falling Due Within One Year 8 (179,559 ) (23,696 )
NET CURRENT ASSETS (LIABILITIES) 437,142 622,443
TOTAL ASSETS LESS CURRENT LIABILITIES 441,342 634,441
NET ASSETS 441,342 634,441
CAPITAL AND RESERVES
Called up share capital 9 500 500
Profit and Loss Account 440,842 633,941
SHAREHOLDERS' FUNDS 441,342 634,441
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sarfraz Altaf Ibrahim
Director
4th March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stallion Business Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09300693 . The registered office is 50 Woodgate, Leicester, LE3 5GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 May 2023 71,000
As at 30 April 2024 71,000
Amortisation
As at 1 May 2023 63,143
Provided during the period 7,100
As at 30 April 2024 70,243
Net Book Value
As at 30 April 2024 757
As at 1 May 2023 7,857
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2023 14,008
As at 30 April 2024 14,008
Depreciation
As at 1 May 2023 10,192
Provided during the period 573
As at 30 April 2024 10,765
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 April 2024 3,243
As at 1 May 2023 3,816
6. Investments
Other
£
Cost
As at 1 May 2023 325
Disposals (125 )
As at 30 April 2024 200
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 200
As at 1 May 2023 325
The company owns 100% of the issued share capital of Smash Ventures Limited and WBYS Limited,companies incorporated in Great Britain.
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 425,057 315,360
Amounts owed by group undertakings 92,057 156,607
517,114 471,967
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,579 -
Corporation tax - 12,981
Other taxes and social security - 24
Other creditors 36,085 10,691
Amounts owed to group undertakings 129,895 -
179,559 23,696
Page 5
Page 6
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 500 500
Page 6