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COMPANY REGISTRATION NUMBER: 5846296
STUMARK TEXTILES LIMITED
Filleted Unaudited Financial Statements
30 September 2024
STUMARK TEXTILES LIMITED
Financial Statements
Year ended 30th September 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
STUMARK TEXTILES LIMITED
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Current assets
Stocks
463
1,386
Debtors
5
9
4,698
Cash at bank and in hand
28,608
1,484
--------
-------
29,080
7,568
Creditors: amounts falling due within one year
6
21,366
3,023
--------
-------
Net current assets
7,714
4,545
-------
-------
Total assets less current liabilities
7,714
4,545
Creditors: amounts falling due after more than one year
7
4,463
4,463
-------
-------
Net assets
3,251
82
-------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
3,250
81
-------
----
Shareholders funds
3,251
82
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
STUMARK TEXTILES LIMITED
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 16 September 2025 , and are signed on behalf of the board by:
Mr S. Shapiro
Director
Company registration number: 5846296
STUMARK TEXTILES LIMITED
Notes to the Financial Statements
Year ended 30th September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260 -268 Chapel Street, Salford, Manchester, M3 5JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Straight line over 10 Years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Intangible assets
Goodwill
£
Cost
At 1st October 2023 and 30th September 2024
13,500
--------
Amortisation
At 1st October 2023 and 30th September 2024
13,500
--------
Carrying amount
At 30th September 2024
–
--------
At 30th September 2023
–
--------
5. Debtors
2024
2023
£
£
Trade debtors
9
995
Other debtors
–
3,703
----
-------
9
4,698
----
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
–
47
Social security and other taxes
3,357
1,585
Other creditors
18,009
1,391
--------
-------
21,366
3,023
--------
-------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,463
4,463
-------
-------
8. Director's advances, credits and guarantees
At the year end the company owed £15,638 to its director. In 2023 the director owed £3703 to the company.
9. Related party transactions
The company was under the control of Mr S. Shapiro throughout the current and previous year. Mr S. Shapiro is the managing director and majority shareholder.