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Company No: 12793717 (England and Wales)

STL ETHOS LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

STL ETHOS LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

STL ETHOS LTD

BALANCE SHEET

As at 30 September 2024
STL ETHOS LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 4 649 927
Tangible assets 5 20,404 26,808
Investments 6 24,628 0
45,681 27,735
Current assets
Debtors 7 68,564 12,814
Cash at bank and in hand 106,169 103,803
174,733 116,617
Creditors: amounts falling due within one year 8 ( 31,601) ( 2,280)
Net current assets 143,132 114,337
Total assets less current liabilities 188,813 142,072
Provision for liabilities ( 3,876) 2,253
Net assets 184,937 144,325
Capital and reserves
Called-up share capital 10 10
Profit and loss account 184,927 144,315
Total shareholders' funds 184,937 144,325

For the financial 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 financial statements of STL Ethos Ltd (registered number: 12793717) were approved and authorised for issue by the Board of Directors on 24 June 2025. They were signed on its behalf by:

Simon Flower
Director
STL ETHOS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
STL ETHOS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

STL Ethos Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Camburgh House, 27 New Dover Road, Canterbury, CT1 3DN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the assets
are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 October 2023 1,390 1,390
At 30 September 2024 1,390 1,390
Accumulated amortisation
At 01 October 2023 463 463
Charge for the financial year 278 278
At 30 September 2024 741 741
Net book value
At 30 September 2024 649 649
At 30 September 2023 927 927

5. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2023 33,287 33,287
Additions 2,066 2,066
At 30 September 2024 35,353 35,353
Accumulated depreciation
At 01 October 2023 6,479 6,479
Charge for the financial year 8,470 8,470
At 30 September 2024 14,949 14,949
Net book value
At 30 September 2024 20,404 20,404
At 30 September 2023 26,808 26,808

6. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 October 2023 0 0
Additions 23,902 23,902
Movement in fair value 726 726
At 30 September 2024 24,628 24,628
Carrying value at 30 September 2024 24,628 24,628
Carrying value at 30 September 2023 0 0

7. Debtors

2024 2023
£ £
Trade debtors 18,300 12,675
Other debtors 50,264 139
68,564 12,814

8. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 7,694 300
Taxation and social security 23,488 1,563
Other creditors 419 417
31,601 2,280

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
The Directors were owed the following balances at the balance sheet date 419 418