| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 29 October 2024 |
| for |
| Stairway Distribution Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 29 October 2024 |
| for |
| Stairway Distribution Limited |
| Stairway Distribution Limited (Registered number: 02706095) |
| Contents of the Financial Statements |
| for the Year Ended 29 October 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Stairway Distribution Limited |
| Company Information |
| for the Year Ended 29 October 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Suite 1 |
| The Riverside Building |
| Hessle |
| East Yorkshire |
| HU13 0DZ |
| Stairway Distribution Limited (Registered number: 02706095) |
| Balance Sheet |
| 29 October 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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. |
| Stairway Distribution Limited (Registered number: 02706095) |
| Balance Sheet - continued |
| 29 October 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Stairway Distribution Limited (Registered number: 02706095) |
| Notes to the Financial Statements |
| for the Year Ended 29 October 2024 |
| 1. | STATUTORY INFORMATION |
| Stairway Distribution Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparation |
| The financial accounts have been prepared on a going concern basis despite the company having negative current liabilities. Directors loans included in the creditors total £132,937 and the directors have written to the company confirming they will defer repayment of the loan for at least one year. The directors will continue to support the company and are confident things will improve. |
| Significant judgements and estimates |
| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors’ best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the company's activities. Revenue is shown net of value added tax, returns, rebates and discounts. |
| The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as described below. |
| The company provides goods/services to other organisations and people, these services are provided on a time and material basis or as a fixed price contract. |
| Tangible fixed assets and depreciation |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value. |
| 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. |
| Stairway Distribution Limited (Registered number: 02706095) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 October 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 30 October 2023 |
| and 29 October 2024 |
| DEPRECIATION |
| At 30 October 2023 |
| and 29 October 2024 |
| NET BOOK VALUE |
| At 29 October 2024 |
| At 29 October 2023 |
| 5. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Stocks |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| 8. | RELATED PARTY DISCLOSURES |
| The company is jointly controlled by M Dickinson and Mrs S Dickinson, who each hold 50% of the shares in the company. |