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REGISTERED NUMBER: 07149207 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Stae Ltd

Stae Ltd (Registered number: 07149207)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stae Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr S J Drew





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: Stable Cottage
Wormelow
Hereford
HR2 8EG





REGISTERED NUMBER: 07149207 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Stae Ltd (Registered number: 07149207)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 163,007 195,921

CURRENT ASSETS
Debtors 5 24,231 17,133
Cash at bank 327 1,289
24,558 18,422
CREDITORS
Amounts falling due within one year 6 25,960 26,053
NET CURRENT LIABILITIES (1,402 ) (7,631 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,605

188,290

CREDITORS
Amounts falling due after more than one
year

7

140,193

150,248
NET ASSETS 21,412 38,042

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 21,212 37,842
SHAREHOLDERS' FUNDS 21,412 38,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Stae Ltd (Registered number: 07149207)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 April 2025 and were signed by:





Mr S J Drew - Director


Stae Ltd (Registered number: 07149207)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Stae Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance and Straight line over 7 years

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2023 242,436
Additions 1,124
At 31 August 2024 243,560
DEPRECIATION
At 1 September 2023 46,515
Charge for year 34,038
At 31 August 2024 80,553
NET BOOK VALUE
At 31 August 2024 163,007
At 31 August 2023 195,921

Stae Ltd (Registered number: 07149207)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 September 2023
and 31 August 2024 185,712
DEPRECIATION
At 1 September 2023 26,530
Charge for year 26,530
At 31 August 2024 53,060
NET BOOK VALUE
At 31 August 2024 132,652
At 31 August 2023 159,182

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 19,183 15,703
Prepayments and accrued income 5,048 1,430
24,231 17,133

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 10,055 6,846
Trade creditors 2,401 2,485
Corporation tax 3,820 6,802
VAT 935 1,190
Company credit card 643 284
Directors' current accounts 7,446 7,896
Accrued expenses 660 550
25,960 26,053

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 140,193 150,248

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 67,890 90,779

Stae Ltd (Registered number: 07149207)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 150,248 157,094

The hire purchase contract is secured against the asset to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
200 Ordinary £1 200 200

10. RESERVES
Retained
earnings
£   

At 1 September 2023 37,842
Deficit for the year (16,630 )
At 31 August 2024 21,212

Included within reserves are £39,147 of undistributable profits.

11. RELATED PARTY DISCLOSURES

During the year the director, Mr S J Drew, made net withdrawals from his account of £450. The balance on his account at 31 August 2024 was £7,446 in credit (2023 - £7,896).

12. ULTIMATE CONTROLLING PARTY

The director acknowledges that there is no ultimate controlling party as no individual holds a majority of the company's issued share capital.