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Registered number: 09950111
Stashbee Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09950111
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 16,056 11,781
Cash at bank and in hand 405,971 241,263
422,027 253,044
Creditors: Amounts Falling Due Within One Year 6 (218,398 ) (213,956 )
NET CURRENT ASSETS (LIABILITIES) 203,629 39,088
TOTAL ASSETS LESS CURRENT LIABILITIES 203,629 39,088
Creditors: Amounts Falling Due After More Than One Year 7 (34,084 ) (42,227 )
NET ASSETS/(LIABILITIES) 169,545 (3,139 )
CAPITAL AND RESERVES
Called up share capital 8 523 267
Share premium account 4,663,815 4,323,190
Other reserves 13,416 13,416
Profit and Loss Account (4,508,209 ) (4,340,012 )
SHAREHOLDERS' FUNDS 169,545 (3,139)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 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
D J Mantle
Director
27/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stashbee Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09950111 . The registered office is Ye Olde Hundred, Church Way, North Shields, NE29 0AE.
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. Going Concern Disclosure
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
2.3. 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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Computer Equipment 33% Straight Line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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 years 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.
Current tax is recognised in profit or loss for the year.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 649
As at 30 June 2024 649
Depreciation
As at 1 July 2023 649
As at 30 June 2024 649
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 69
Other debtors 16,056 11,712
16,056 11,781
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,784 100,017
Bank loans and overdrafts 9,256 2,314
Other creditors 189,073 98,118
Taxation and social security 16,285 13,507
218,398 213,956
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,084 42,227
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 523 267
Page 4