The Stair Guys Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 13681997

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		32,858		49,535

			32,858		49,535
CURRENT ASSETS
Debtors	5	46,946		7,077
Cash at bank and in hand		24,982		24,763

		71,928		31,840
Creditors: Amounts Falling Due Within One Year	6	(71,281 )		(26,090 )

NET CURRENT ASSETS (LIABILITIES)			647		5,750

TOTAL ASSETS LESS CURRENT LIABILITIES			33,505		55,285

Creditors: Amounts Falling Due After More Than One Year	7		(33,401 )		(44,684 )

NET ASSETS			104		10,601

CAPITAL AND RESERVES
Called up share capital	9		200		200
Income Statement			(96 )		10,401

SHAREHOLDERS' FUNDS			104		10,601

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The Stair Guys Ltd

Statement of Financial Position (continued)

As At 31 October 2024

For the year ending 31 October 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Scott Jones

Director

11/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

The Stair Guys Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13681997 . The registered office is East Lodge, Kartway House, Lugwardine, Hereford, HR1 4AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Reducing Balance
Computer Equipment	33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

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The Stair Guys Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 November 2023	65,830	2,574	68,404

As at 31 October 2024	65,830	2,574	68,404

Depreciation
As at 1 November 2023	17,536	1,333	18,869
Provided during the period	15,828	849	16,677

As at 31 October 2024	33,364	2,182	35,546

Net Book Value
As at 31 October 2024	32,466	392	32,858

As at 1 November 2023	48,294	1,241	49,535

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	13,285	2,998
Other debtors	1,600	200
VAT	-	3,879
Directors' loan accounts	32,061	-

	46,946	7,077

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	11,283	11,283
Trade creditors	8,253	3,071
Corporation tax	38,006	7,511
Other taxes and social security	11	11
VAT	13,574	-
Accruals and deferred income	154	154
Directors' loan accounts	-	4,060

	71,281	26,090

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	33,401	44,684

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The Stair Guys Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	11,283	11,283
Later than one year and not later than five years	33,401	44,684

	44,684	55,967

	44,684	55,967

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	200	200

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