Company Registration No. 11283198 (England and Wales)
Stipenda Limited
Unaudited accounts
for the year ended 31 December 2024
Stipenda Limited
Unaudited accounts
Contents
Stipenda Limited
Company Information
for the year ended 31 December 2024
Company Number
11283198 (England and Wales)
Registered Office
XP House
One Tournament Court
Warwick
CV34 6LG
United Kingdom
Stipenda Limited
Statement of financial position
as at 31 December 2024
Intangible assets
21,762
64,645
Debtors
1,343,062
1,193,034
Cash at bank and in hand
174,475
170,080
Creditors: amounts falling due within one year
(1,207,168)
(1,174,132)
Net current assets
310,369
188,982
Net assets
332,215
253,711
Called up share capital
42,080
42,080
Profit and loss account
290,135
211,631
Shareholders' funds
332,215
253,711
For the year ending 31 December 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 31 July 2025 and were signed on its behalf by
Solomon Williams
Director
Company Registration No. 11283198
Stipenda Limited
Notes to the Accounts
for the year ended 31 December 2024
Stipenda Limited is a private company, limited by shares, registered in England and Wales, registration number 11283198. The registered office is XP House, One Tournament Court, Warwick, CV34 6LG, United Kingdom.
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 Statement of Financial Position is showing a net liability of £33,259 (2019; £23,502)
Included within Creditors: amounts falling due within one year is amounts owed to group undertakings and other participating interests of £1,203,610 (2019; £578,406).
The directors do not anticipate that these amounts will be repayable in the immediate future and therefore have prepared the accounts on a going concern basis.
Other than the above, the company's operational cash forecast is positive and the company will continue to meet all of its other liabilities as and when they become due.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is at 20% of cost per annum.
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:
Stipenda Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
At 31 December 2024
227,569
Charge for the year
42,883
At 31 December 2024
205,807
At 31 December 2024
21,762
At 31 December 2023
64,645
Intangible fixed assets represent the costs incurred by the company on the transfer of the business of several companies following a reorganisation in 2019.
5
Tangible fixed assets
Computer equipment
6
Investments
Other investments
Valuation at 1 January 2024
84
Valuation at 31 December 2024
84
Investment represents a nominal shareholding in Stipenda Employment Ltd
Stipenda Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
133,153
102,563
Amounts due from group undertakings etc.
1,167,525
1,018,120
Accrued income and prepayments
16,949
54,316
Other debtors
25,435
18,035
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,928
8,062
Amounts owed to group undertakings and other participating interests
1,046,159
1,059,342
Taxes and social security
25,631
41,788
Other creditors
20,268
(452)
Allotted, called up and fully paid:
42,080 Ordinary shares of £1 each
42,080
42,080
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).