Registered number
04580318
Stavecroft Limited
Report and Accounts
31 December 2024
Stavecroft Limited
Registered number: 04580318
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 631,201 634,333
Current assets
Stocks 9,982 8,920
Debtors 4 - 300
Cash at bank and in hand 3,517 2,966
13,499 12,186
Creditors: amounts falling due within one year 5 (85,195) (79,144)
Net current liabilities (71,696) (66,958)
Total assets less current liabilities 559,505 567,375
Creditors: amounts falling due after more than one year 6 (116,951) (149,934)
Provisions for liabilities (3,192) (3,787)
Net assets 439,362 413,654
Capital and reserves
Called up share capital 100 100
Profit and loss account 439,262 413,554
Shareholders' funds 439,362 413,654
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Vaughan
Director
Approved by the board on 22 July 2025
Stavecroft Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and equipment 15% on reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 11
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 613,451 102,945 716,396
At 31 December 2024 613,451 102,945 716,396
Depreciation
At 1 January 2024 - 82,063 82,063
Charge for the year - 3,132 3,132
At 31 December 2024 - 85,195 85,195
Net book value
At 31 December 2024 613,451 17,750 631,201
At 31 December 2023 613,451 20,882 634,333
4 Debtors 2024 2023
£ £
Other debtors - 300
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 42,436 44,786
Trade creditors 8,288 12,405
Corporation tax 7,045 1,043
Other taxes and social security costs 12,615 9,250
Other creditors 14,811 11,660
85,195 79,144
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 63,552 118,347
Other creditors 53,399 31,587
116,951 149,934
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 72,762 117,419
Secured on land and property.
8 Controlling party
The controlling party is A. Vaughan.
9 Other information
Stavecroft Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Sudley Terrace
High Street
Bognor Regis
West Sussex
PO21 1EY
Stavecroft Limited 04580318 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 A Vaughan No description of principal activity 04580318 2023-01-01 2023-12-31 04580318 core:WithinOneYear 2023-12-31 04580318 core:AfterOneYear 2023-12-31 04580318 core:ShareCapital 2023-12-31 04580318 core:RetainedEarningsAccumulatedLosses 2023-12-31 04580318 2024-01-01 2024-12-31 04580318 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04580318 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04580318 bus:Director40 2024-01-01 2024-12-31 04580318 core:LandBuildings 2024-01-01 2024-12-31 04580318 core:PlantMachinery 2024-01-01 2024-12-31 04580318 countries:England 2024-01-01 2024-12-31 04580318 bus:FRS102 2024-01-01 2024-12-31 04580318 bus:FilletedAccounts 2024-01-01 2024-12-31 04580318 2024-12-31 04580318 core:WithinOneYear 2024-12-31 04580318 core:AfterOneYear 2024-12-31 04580318 core:ShareCapital 2024-12-31 04580318 core:RetainedEarningsAccumulatedLosses 2024-12-31 04580318 core:LandBuildings 2024-12-31 04580318 core:PlantMachinery 2024-12-31 04580318 2023-12-31 04580318 core:LandBuildings 2023-12-31 04580318 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure