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REGISTERED NUMBER: 02706095 (England and Wales)















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: M Dickinson
Mrs S Dickinson





REGISTERED OFFICE: 115 Inmans Road
Hedon
East Yorkshire
HU12 8HU





REGISTERED NUMBER: 02706095 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
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 17,365 17,665
Cash at bank 2,480 2,564
19,845 20,229
CREDITORS
Amounts falling due within one year 6 1,050 1,020
NET CURRENT ASSETS 18,795 19,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,795

19,209

CREDITORS
Amounts falling due after more than one
year

7

136,582

136,451
NET LIABILITIES (117,787 ) (117,242 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (117,789 ) (117,244 )
(117,787 ) (117,242 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

Stairway Distribution Limited (Registered number: 02706095)

Balance Sheet - continued
29 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:





M Dickinson - Director


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 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 preparation
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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 30 October 2023
and 29 October 2024 6,730 4,464 11,194
DEPRECIATION
At 30 October 2023
and 29 October 2024 6,730 4,464 11,194
NET BOOK VALUE
At 29 October 2024 - - -
At 29 October 2023 - - -

5. STOCKS
2024 2023
£    £   
Stocks 17,365 17,665

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,050 1,020

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 136,582 136,451

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.