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Logo On Report
Registered Number: 07659358
England and Wales

 

 

 


Unaudited Financial Statements


for the year ended 30 November 2024

for

STUFF4 LTD

Directors Neil Robert Emms
Benjamin James Prior
Registered Number 07659358
Registered Office 29 Eastern Way
Bury St Edmunds
IP32 7AB
Accountants Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 30 November 2024
Principal activities
The principal activity of the company during the financial year was of Internet sales.
Directors
The directors who served the company throughout the year were as follows:
Neil Robert Emms
Benjamin James Prior
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
-    select suitable accounting policies and then apply them consistently
-    make judgements and accounting estimates that are reasonable and prudent
-    state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
-    prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Neil Robert Emms
Director

Date approved: 31 January 2025
2
Chartered Accountants' Report to the board of directors on the preparation of the unaudited statutory accounts of Stuff4 Ltd for the year ended 30 November 2024 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Stuff4 Ltd for the year ended 30 November 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Stuff4 Ltd , as a body, in accordance with the terms of our engagement letter dated 30 August 2025. Our work has been undertaken solely to prepare for your approval the accounts of Stuff4 Ltd and state those matters that we have agreed to state to the Board of Directors of Stuff4 Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stuff4 Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Stuff4 Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Stuff4 Ltd . You consider that Stuff4 Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Stuff4 Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts



....................................................
Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
31 January 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 2,940    4,926 
Tangible fixed assets 4 146,371    124,010 
149,311    128,936 
Current assets      
Stocks 5 220,666    261,818 
Debtors 6 814,091    790,379 
Cash at bank and in hand 59,790    48,816 
1,094,547    1,101,013 
Creditors: amount falling due within one year 7 (414,017)   (353,495)
Net current assets 680,530    747,518 
 
Total assets less current liabilities 829,841    876,454 
Creditors: amount falling due after more than one year 8 (92,166)   (206,520)
Provisions for liabilities 9 (36,592)   (22,198)
Net assets 701,083    647,736 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 700,983    647,636 
Shareholders' funds 701,083    647,736 
 


For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 January 2025 and were signed on its behalf by:


-------------------------------
Neil Robert Emms
Director
4
General Information
Stuff4 Ltd is a private company, limited by shares, registered in England and Wales, registration number 07659358, registration address 29 Eastern Way, Bury St Edmunds, IP32 7AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 30% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 20 (2023 : 20).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 December 2023 31,545    31,545 
Additions  
Disposals  
At 30 November 2024 31,545    31,545 
Amortisation
At 01 December 2023 26,619    26,619 
Charge for year 1,986    1,986 
On disposals  
At 30 November 2024 28,605    28,605 
Net book values
At 30 November 2024 2,940    2,940 
At 30 November 2023 4,926    4,926 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 December 2023 509,665    509,665 
Additions 92,522    92,522 
Disposals (148,835)   (148,835)
At 30 November 2024 453,352    453,352 
Depreciation
At 01 December 2023 385,655    385,655 
Charge for year 64,929    64,929 
On disposals (143,603)   (143,603)
At 30 November 2024 306,981    306,981 
Net book values
Closing balance as at 30 November 2024 146,371    146,371 
Opening balance as at 01 December 2023 124,010    124,010 

The net book value of Plant and Machinery includes £ 41,601 (2023 £27,183) in respect of assets leased under finance leases or hire purchase contracts.

5.

Stocks

2024
£
  2023
£
Finished Goods 220,666    261,818 
220,666    261,818 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 478,574    471,661 
Prepayments & Accrued Income 8,817    15,139 
Other Debtors 326,700    303,579 
814,091    790,379 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 137,547    164,795 
Bank Loans & Overdrafts (Secured) 50,834   
Corporation Tax   686 
PAYE & Social Security 24,462    46,621 
Accrued Expenses 185,521    141,393 
Obligations under HP/Financial Leases 15,653   
414,017    353,495 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 79,166    179,167 
Other Creditors   27,353 
Obligations Under HP/Financial Leases 13,000   
92,166    206,520 

9.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 36,592    22,198 
36,592    22,198 

10.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Prem Holdings Ltd300,000 302,000 
W3Tech Ltd(894,321)(825,978)(97,954)(91,596)

An amount was due from Prem Holdings Ltd at the year end.
Management charges were paid to W3Tech Ltd
5