Company Registration No. 12456609 (England and Wales)
Stellify Build Limited
Unaudited accounts
for the year ended 28 February 2025
Stellify Build Limited
Unaudited accounts
Contents
Stellify Build Limited
Company Information
for the year ended 28 February 2025
Company Number
12456609 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Stellify Build Limited
Statement of financial position
as at 28 February 2025
Tangible assets
16,307
22,342
Inventories
480,909
244,536
Cash at bank and in hand
70,175
1,188
Creditors: amounts falling due within one year
(632,103)
(265,175)
Net current assets
25,289
1,840
Total assets less current liabilities
41,596
24,182
Creditors: amounts falling due after more than one year
(7,570)
-
Provisions for liabilities
Deferred tax
(3,098)
(3,792)
Called up share capital
200
200
Profit and loss account
30,728
20,190
Shareholders' funds
30,928
20,390
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 May 2025 and were signed on its behalf by
Ian John Gittins
Director
Company Registration No. 12456609
Stellify Build Limited
Notes to the Accounts
for the year ended 28 February 2025
Stellify Build Limited is a private company, limited by shares, registered in England and Wales, registration number 12456609. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% per annum on a straight line basis
Fixtures & fittings
20% per annum on a straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Stellify Build Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2024
25,995
4,179
30,174
At 28 February 2025
25,995
4,179
30,174
At 1 March 2024
5,199
2,633
7,832
Charge for the year
5,199
836
6,035
At 28 February 2025
10,398
3,469
13,867
At 28 February 2025
15,597
710
16,307
At 29 February 2024
20,796
1,546
22,342
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
15,597
-
Amounts falling due within one year
Accrued income and prepayments
24,215
9,542
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
2,936
-
Trade creditors
440,108
101,371
Amounts owed to group undertakings and other participating interests
148,552
90,315
Taxes and social security
25,882
36,806
Other creditors
10,800
11,766
Loans from directors
1,575
608
Stellify Build Limited
Notes to the Accounts
for the year ended 28 February 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
7,570
-
Liabilities under hire purchase contacts are secured on the assets to which they relate.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 A Ordinary shares of £1 each
100
100
9
Transactions with related parties
The company has taken advantage of the exemptions conferred by FRS 102 allowing it not to disclose any transactions with other members of the group that are 100% owned.
The ultimate holding company is Stellify Building Projects Limited, a company registered in England and Wales under company number 12226872.
11
Average number of employees
During the year the average number of employees was 5 (2024: 5).