Registered number
06944585
Stage One Services Crew Limited
Filleted Accounts
31 July 2024
Stage One Services Crew Limited
Registered number: 06944585
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,473 10,040
Current assets
Debtors 4 34,554 25,584
Cash at bank and in hand 161,313 157,755
195,867 183,339
Creditors: amounts falling due within one year 5 (50,633) (46,104)
Net current assets 145,234 137,235
Total assets less current liabilities 158,707 147,275
Creditors: amounts falling due after more than one year 6 (28,246) (33,675)
Provisions for liabilities (692) (808)
Net assets 129,769 112,792
Capital and reserves
Called up share capital 100 100
Profit and loss account 129,669 112,692
Shareholders' funds 129,769 112,792
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr N Debohan
Director
Approved by the board on 25 April 2025
Stage One Services Crew Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & Buildings
Plant and machinery 25% Reducing balance
Motor vehicles 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 26 15
including directors
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 5,787 19,129 - 24,916
Additions - - 5,995 5,995
At 31 July 2024 5,787 19,129 5,995 30,911
Depreciation
At 1 August 2023 - 14,876 - 14,876
Charge for the year - 1,063 1,499 2,562
At 31 July 2024 - 15,939 1,499 17,438
Net book value
At 31 July 2024 5,787 3,190 4,496 13,473
At 31 July 2023 5,787 4,253 - 10,040
4 Debtors 2024 2023
£ £
Trade debtors 32,364 25,584
Other debtors 2,190 -
34,554 25,584
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,430 5,296
Trade creditors - 670
Taxation and social security costs 44,815 37,850
Other creditors 388 2,288
50,633 46,104
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 28,246 33,675
7 Other information
Stage One Services Crew Limited is a private company limited by shares and incorporated in England. Its registered office is:
90 Littlepark Avenue
Havant
Hampshire
PO9 3QZ
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