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REGISTERED NUMBER: 13657315 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

STANCE SETS LIMITED

STANCE SETS LIMITED (REGISTERED NUMBER: 13657315)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANCE SETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: R P J Green
M C Spiteri





REGISTERED OFFICE: 12a Radley Green Farm
Radley Green
Ingatestone
Essex
CM4 0LU





REGISTERED NUMBER: 13657315 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

STANCE SETS LIMITED (REGISTERED NUMBER: 13657315)

BALANCE SHEET
31 OCTOBER 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 144,641 122,507

CURRENT ASSETS
Stocks 109,827 6,500
Debtors 5 434,547 272,526
Cash at bank and in hand 108,587 159,554
652,961 438,580
CREDITORS
Amounts falling due within one year 6 575,943 311,750
NET CURRENT ASSETS 77,018 126,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,659

249,337

CREDITORS
Amounts falling due after more than one year 7 (140,352 ) (108,974 )

PROVISIONS FOR LIABILITIES (27,482 ) -
NET ASSETS 53,825 140,363

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 53,823 140,361
SHAREHOLDERS' FUNDS 53,825 140,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

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 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.

STANCE SETS LIMITED (REGISTERED NUMBER: 13657315)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





R P J Green - Director


STANCE SETS LIMITED (REGISTERED NUMBER: 13657315)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Stance Sets 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.
Plant and machinery etc - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

STANCE SETS LIMITED (REGISTERED NUMBER: 13657315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

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 12 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 163,193
Additions 50,180
At 31 October 2024 213,373
DEPRECIATION
At 1 November 2023 40,686
Charge for year 28,046
At 31 October 2024 68,732
NET BOOK VALUE
At 31 October 2024 144,641
At 31 October 2023 122,507

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 419,274 267,288
Other debtors 15,273 5,238
434,547 272,526

STANCE SETS LIMITED (REGISTERED NUMBER: 13657315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 8,224 -
Hire purchase contracts 23,265 11,447
Trade creditors 308,681 188,349
Taxation and social security 122,006 93,670
Other creditors 113,767 18,284
575,943 311,750

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Hire purchase contracts 85,709 108,974
Other creditors 54,643 -
140,352 108,974

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the period end date, the company owed the director's £13,980 (2023: £16,092).