Company Registration No. 04442891 (England and Wales)
Stayway Limited
Unaudited accounts
for the year ended 31 May 2024
Stayway Limited
Unaudited accounts
Contents
Stayway Limited
Company Information
for the year ended 31 May 2024
Director
Mr Simon Farrell Dunn
Company Number
04442891 (England and Wales)
Stayway Limited
Statement of financial position
as at 31 May 2024
Tangible assets
40,300
50,654
Investment property
419,100
419,100
Inventories
174,868
174,868
Cash at bank and in hand
1,905
(18,116)
Creditors: amounts falling due within one year
(13,738)
(50,820)
Net current assets
495,044
454,236
Total assets less current liabilities
954,444
923,990
Creditors: amounts falling due after more than one year
(1,333,210)
(1,631,886)
Provisions for liabilities
Deferred tax
(14,893)
(14,893)
Net liabilities
(393,659)
(722,789)
Called up share capital
100
100
Profit and loss account
(393,759)
(722,889)
Shareholders' funds
(393,659)
(722,789)
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 August 2025 and were signed on its behalf by
Mr Simon Farrell Dunn
Director
Company Registration No. 04442891
Stayway Limited
Notes to the Accounts
for the year ended 31 May 2024
Stayway Limited is a private company, limited by shares, registered in England and Wales, registration number 04442891.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
63,890
13,182
77,072
At 31 May 2024
63,890
15,572
79,462
At 1 June 2023
16,004
10,414
26,418
Charge for the year
11,971
773
12,744
At 31 May 2024
27,975
11,187
39,162
At 31 May 2024
35,915
4,385
40,300
At 31 May 2023
47,886
2,768
50,654
Fair value at 1 June 2023
419,100
Stayway Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
-
329,260
Accrued income and prepayments
626
-
Other debtors
17,308
19,044
Amounts falling due after more than one year
Amounts due from group undertakings etc.
314,075
-
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
11,880
8,800
Trade creditors
3,196
16,495
Taxes and social security
8,826
7,724
Loans from directors
-
20,531
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
303,439
614,440
Obligations under finance leases and hire purchase contracts
16,226
27,867
Other creditors
1,013,545
989,579
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).