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Registration number: 06693297

Stamp Productions Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Stamp Productions Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Stamp Productions Ltd

Company Information

Director

Mr B A Uttley

Registered office

Unit 2A
The Sawmills
Duntshill Road
London
SW18 4QL

Accountants

Wilkinsons Accountants Limited
Chartered Certified Accountants
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

 

Stamp Productions Ltd

(Registration number: 06693297)
Balance Sheet as at 30 June 2024

Note

Year ended
30 June
2024
£

Year ended
30 June
2023
£

Fixed assets

 

Tangible assets

4

110,647

144,761

Current assets

 

Debtors

5

20,814

60,516

Cash at bank and in hand

 

77,165

180,633

 

97,979

241,149

Creditors: Amounts falling due within one year

6

(98,888)

(156,659)

Net current (liabilities)/assets

 

(909)

84,490

Total assets less current liabilities

 

109,738

229,251

Creditors: Amounts falling due after more than one year

6

-

(95,266)

Provisions for liabilities

(27,247)

(34,723)

Net assets

 

82,491

99,262

Capital and reserves

 

Called up share capital

1

1

Retained earnings

82,490

99,261

Shareholders' funds

 

82,491

99,262

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 March 2025
 

.........................................
Mr B A Uttley
Director

 

Stamp Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 2A
The Sawmills
Duntshill Road
London
SW18 4QL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

 

Stamp Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Office, computer equipment and fixtures and fittings

25% straight line

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of 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 after the reporting date.

Defined contribution pension obligation

Contributions to defined contribution plans are expensed in the period to which they relate.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 5).

 

Stamp Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Fixtures and fittings
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 July 2023

69,010

8,095

80,082

218,906

376,093

Additions

957

-

4,816

16,361

22,134

Disposals

-

(8,095)

-

-

(8,095)

At 30 June 2024

69,967

-

84,898

235,267

390,132

Depreciation

At 1 July 2023

58,036

1,180

62,288

109,828

231,332

Charge for the year

3,482

1,518

6,421

39,430

50,851

Eliminated on disposal

-

(2,698)

-

-

(2,698)

At 30 June 2024

61,518

-

68,709

149,258

279,485

Carrying amount

At 30 June 2024

8,449

-

16,189

86,009

110,647

At 30 June 2023

10,974

6,915

17,794

109,078

144,761

5

Debtors

Year ended
30 June
2024
£

Year ended
30 June
2023
£

Trade debtors

10,672

49,207

Prepayments

5,759

7,160

Other debtors

4,383

4,149

20,814

60,516

 

Stamp Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

Note

Year ended
30 June
2024
£

Year ended
30 June
2023
£

Due within one year

 

Loans and overdrafts

7

-

36,565

Trade creditors

 

29,270

48,486

Other taxes and social security

 

17,370

25,324

Taxation

 

20,224

34,293

Accruals and deferred income

 

31,426

7,500

Other creditors

 

598

4,491

 

98,888

156,659

Creditors: amounts falling due after more than one year

Year ended
30 June
2024
£

Year ended
30 June
2023
£

Due after one year

Deferred income

-

95,266

7

Loans and borrowings

Year ended
30 June
2024
£

Year ended
30 June
2023
£

Current loans and borrowings

Other borrowings

-

36,565

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £25,800 (2023 - £25,800). This includes annual rental and leasing commitments of £25,800 (2023 - £25,800)

 

Stamp Productions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

9

Related party transactions

Transactions with the director

2024

At 1 July 2023
£

Advances to director
£

At 30 June 2024
£

Mr B A Uttley

Loan - unsecured and repayable on demand

-

1,232

1,232