Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11108891 Mr Marian OLTEANU iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11108891 2023-12-31 11108891 2024-12-31 11108891 2024-01-01 2024-12-31 11108891 frs-core:CurrentFinancialInstruments 2024-12-31 11108891 frs-core:Non-currentFinancialInstruments 2024-12-31 11108891 frs-core:ShareCapital 2024-12-31 11108891 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11108891 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11108891 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 11108891 frs-bus:SmallEntities 2024-01-01 2024-12-31 11108891 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11108891 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11108891 frs-bus:Director1 2024-01-01 2024-12-31 11108891 frs-bus:Director1 2023-12-31 11108891 frs-bus:Director1 2024-12-31 11108891 frs-countries:EnglandWales 2024-01-01 2024-12-31 11108891 2022-12-31 11108891 2023-12-31 11108891 2023-01-01 2023-12-31 11108891 frs-core:CurrentFinancialInstruments 2023-12-31 11108891 frs-core:Non-currentFinancialInstruments 2023-12-31 11108891 frs-core:ShareCapital 2023-12-31 11108891 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11108891
STEFANY TRANS LIMITED
ABRIDGED Financial Statements
For The Year Ended 31 December 2024
AP Accountax Ltd
567
Green Street
London
London
E13 9BF
Contents
Page
Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 11108891
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 36,932 41,142
Cash at bank and in hand 2,339 1,669
39,271 42,811
Creditors: Amounts Falling Due Within One Year 5 3,216 -
NET CURRENT ASSETS (LIABILITIES) 42,487 42,811
TOTAL ASSETS LESS CURRENT LIABILITIES 42,487 42,811
Creditors: Amounts Falling Due After More Than One Year 6 (4,500 ) (8,697 )
NET ASSETS 37,987 34,114
CAPITAL AND RESERVES
Called up share capital 7 2 2
Income Statement 37,985 34,112
SHAREHOLDERS' FUNDS 37,987 34,114
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For the year ending 31 December 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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Marian OLTEANU
Director
28th March 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
STEFANY TRANS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11108891 . The registered office is 55 Church Road, Oxley, Wolverhampton, West Midlans, WV10 6AF.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
VAT 1,608 10,050
Other taxes and social security 1,295 1,295
Director's loan account 34,029 29,797
36,932 41,142
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax (3,216 ) -
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,500 8,697
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Marian OLTEANU 4,232 - - - 4,232
The above loan is unsecured, interest free and repayable on demand.
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