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Staton Price Ltd
Registered Number:08723428
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2024
Staton Price Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
08723428
As at 31 October 2024
Staton Price Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,095
1,458
2
1,095
1,458
Current assets
Inventories
126,062
133,103
3
44,938
Cash and cash equivalents
9,428
142,531
171,000
Trade and other payables: amounts falling due within one
year
(153,606)
(122,321)
4
17,394
20,210
Net current assets
Total assets less current liabilities
21,305
18,852
21,305
Net assets
18,852
Capital and reserves
Called up share capital
500
500
Retained earnings
20,805
18,352
21,305
18,852
Shareholders' funds
For the year ended 31 October 2024 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs KATHRYN ROCHE Director
These financial statements were approved and authorised for issue by the Board on 26 June 2025 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 October 2024
Staton Price Ltd
Notes to the Financial Statements
Statutory Information
Staton Price Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
08723428.
Registered address:
13 SPRING VALE
WALSALL
CH45 3HR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 November 2023
16,518
884
15,634
At 31 October 2024
15,634
884
16,518
Provision for depreciation and impairment
At 01 November 2023
15,060
831
14,229
Charge for year
363
13
350
At 31 October 2024
15,423
844
14,579
At 31 October 2024
Net book value
1,055
40
1,095
At 31 October 2023
1,405
53
1,458
3. Inventories
2023
2024
£
£
Stocks
133,103
126,062
2 of 3
5
For the year ended 31 October 2024
Staton Price Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
79,769
92,243
Taxation and social security
7,698
2,273
Accruals and deferred income
1,400
1,400
Directors' loan accounts
16,098
37,691
Other creditors
17,356
19,999
122,321
153,606
5. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
3 of 3