108 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06288882 2023-10-01 2024-09-30 06288882 2024-09-30 06288882 2023-09-30 06288882 2022-10-01 2023-09-30 06288882 2023-09-30 06288882 2022-09-30 06288882 core:LandBuildings core:LongLeaseholdAssets 2023-10-01 2024-09-30 06288882 core:PlantMachinery 2023-10-01 2024-09-30 06288882 core:MotorVehicles 2023-10-01 2024-09-30 06288882 bus:Director1 2023-10-01 2024-09-30 06288882 bus:Director2 2023-10-01 2024-09-30 06288882 core:LandBuildings 2023-09-30 06288882 core:PlantMachinery 2023-09-30 06288882 core:MotorVehicles 2023-09-30 06288882 core:LandBuildings 2024-09-30 06288882 core:PlantMachinery 2024-09-30 06288882 core:MotorVehicles 2024-09-30 06288882 core:WithinOneYear 2024-09-30 06288882 core:WithinOneYear 2023-09-30 06288882 core:AfterOneYear 2024-09-30 06288882 core:AfterOneYear 2023-09-30 06288882 core:ShareCapital 2024-09-30 06288882 core:ShareCapital 2023-09-30 06288882 core:RetainedEarningsAccumulatedLosses 2024-09-30 06288882 core:RetainedEarningsAccumulatedLosses 2023-09-30 06288882 core:PlantMachinery 2023-09-30 06288882 core:MotorVehicles 2023-09-30 06288882 bus:Director1 2023-09-30 06288882 bus:Director1 2024-09-30 06288882 bus:Director2 2023-09-30 06288882 bus:Director2 2024-09-30 06288882 bus:Director1 2022-09-30 06288882 bus:Director1 2023-09-30 06288882 bus:Director2 2022-09-30 06288882 bus:Director2 2023-09-30 06288882 bus:Director1 2022-10-01 2023-09-30 06288882 bus:Director2 2022-10-01 2023-09-30 06288882 bus:SmallEntities 2023-10-01 2024-09-30 06288882 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 06288882 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06288882 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06288882 bus:FullAccounts 2023-10-01 2024-09-30 06288882 core:ComputerEquipment 2023-10-01 2024-09-30 06288882 core:ComputerEquipment 2023-09-30 06288882 core:ComputerEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: 06288882
Stadar Limited
Filleted Unaudited Financial Statements
For the year ended
30 September 2024
Stadar Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
44,028
19,378
Current assets
Stocks
61,829
47,036
Debtors
6
89,451
58,632
Cash at bank and in hand
97,793
195,837
---------
---------
249,073
301,505
Creditors: amounts falling due within one year
7
163,936
140,248
---------
---------
Net current assets
85,137
161,257
---------
---------
Total assets less current liabilities
129,165
180,635
Creditors: amounts falling due after more than one year
8
7,296
17,618
---------
---------
Net assets
121,869
163,017
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
121,867
163,015
---------
---------
Shareholders funds
121,869
163,017
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Stadar Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 1 May 2025 , and are signed on behalf of the board by:
Mr L J Stanford
Director
Company registration number: 06288882
Stadar Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Warren Park Way, Enderby, Leicester, LE19 4SA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property
-
20% straight line
Plant and fixtures
-
25% straight line
Motor vehicles
-
25% reducing balance
Computer equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 108 (2023: 86 ).
5. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2023
15,328
24,096
36,308
8,823
84,555
Additions
2,725
40,850
1,982
45,557
Disposals
( 13,738)
( 13,738)
--------
--------
--------
--------
---------
At 30 September 2024
15,328
26,821
63,420
10,805
116,374
--------
--------
--------
--------
---------
Depreciation
At 1 October 2023
15,328
21,491
20,330
8,028
65,177
Charge for the year
1,700
12,904
1,090
15,694
Disposals
( 8,525)
( 8,525)
--------
--------
--------
--------
---------
At 30 September 2024
15,328
23,191
24,709
9,118
72,346
--------
--------
--------
--------
---------
Carrying amount
At 30 September 2024
3,630
38,711
1,687
44,028
--------
--------
--------
--------
---------
At 30 September 2023
2,605
15,978
795
19,378
--------
--------
--------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
79,342
25,721
Other debtors
10,109
32,911
--------
--------
89,451
58,632
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,076
9,829
Trade creditors
41,929
34,546
Corporation tax
13,867
22,750
Social security and other taxes
83,401
67,770
Other creditors
14,663
5,353
---------
---------
163,936
140,248
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
7,296
17,618
-------
--------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr L J Stanford
15,160
( 20,452)
( 5,292)
Mr C M Parratt
15,160
( 20,452)
( 5,292)
--------
----
--------
--------
30,320
( 40,904)
( 10,584)
--------
----
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr L J Stanford
( 3,998)
25,027
( 5,869)
15,160
Mr C M Parratt
( 3,997)
25,027
( 5,870)
15,160
-------
--------
--------
--------
( 7,995)
50,054
( 11,739)
30,320
-------
--------
--------
--------