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REGISTERED NUMBER: 04777596 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

The Stair Shop Limited

The Stair Shop Limited (Registered number: 04777596)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Stair Shop Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr M Lomax
Mrs S A Lomax





REGISTERED OFFICE: Chamart House
Haigh Avenue
Stockport
Cheshire
SK4 1NU





REGISTERED NUMBER: 04777596 (England and Wales)





ACCOUNTANTS: DHP Acountants Ltd
15 Buxton Old Road
Disley
Stockport
SK12 2BB

The Stair Shop Limited (Registered number: 04777596)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 364,204 363,084

CURRENT ASSETS
Stocks 100,000 100,000
Debtors 5 130,701 91,868
Cash at bank and in hand 123,782 113,874
354,483 305,742
CREDITORS
Amounts falling due within one year 6 243,296 193,808
NET CURRENT ASSETS 111,187 111,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

475,391

475,018

CREDITORS
Amounts falling due after more than
one year

7

(15,048

)

(35,437

)

PROVISIONS FOR LIABILITIES (25,477 ) (18,527 )
NET ASSETS 434,866 421,054

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 434,766 420,954
SHAREHOLDERS' FUNDS 434,866 421,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The Stair Shop Limited (Registered number: 04777596)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:




Mr M Lomax - Director



Mrs S A Lomax - Director


The Stair Shop Limited (Registered number: 04777596)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

The Stair Shop Limited 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.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on cost, 15% on cost and 2% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

The Stair Shop Limited (Registered number: 04777596)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 196,770 471,499 668,269
Additions - 90,000 90,000
Disposals - (75,087 ) (75,087 )
At 30 September 2024 196,770 486,412 683,182
DEPRECIATION
At 1 October 2023 11,806 293,379 305,185
Charge for year 3,936 56,657 60,593
Eliminated on disposal - (46,800 ) (46,800 )
At 30 September 2024 15,742 303,236 318,978
NET BOOK VALUE
At 30 September 2024 181,028 183,176 364,204
At 30 September 2023 184,964 178,120 363,084

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 123,244 81,067
Other debtors 7,457 10,801
130,701 91,868

The Stair Shop Limited (Registered number: 04777596)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 9,895 25,198
Hire purchase contracts 12,693 22,114
Trade creditors 157,988 76,247
Taxation and social security 37,672 31,218
Other creditors 25,048 39,031
243,296 193,808

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 15,048 25,090
Hire purchase contracts - 10,347
15,048 35,437

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 12,693 32,461

A debenture from The Royal Bank of Scotland PLC over all assets is secured by fixed and floating charges over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant and machinery.