EMMA STACEY LIMITED


Director	STACEY, Emma


Registered Address	4 Clare Terrace
	Falmouth
	TR11 3ES


Registered Number	09352049 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		263,994		248,586
			263,994		248,586
Current assets
Debtors	4	7,446		4,220
Cash at bank and on hand		5,460		2,739
		12,906		6,959
Creditors amounts falling due within one year	5	(115,468)		(108,131)
Net current assets (liabilities)			(102,562)		(101,172)
Total assets less current liabilities			161,432		147,414
Creditors amounts falling due after one year	6		(21,164)		(14,123)
Provisions for liabilities	8		(15,628)		(17,542)
Net assets			124,640		115,749
Capital and reserves
Called up share capital			50		50
Profit and loss account			124,590		115,699
Shareholders' funds			124,640		115,749

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 4 September 2025, and are signed on its behalf by:

STACEY, Emma
Director
Registered Company No. 09352049

EMMA STACEY LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	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 policy
	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	15	-
Fixtures and fittings	15	-
Vehicles	10	-
Office Equipment	-	4

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 24	114,622	-	58,049	189,861	40,945	403,477
Additions	-	1,417	66,012	10,243	1,298	78,970
Disposals	-	-	(55,450)	-	-	(55,450)
At 31 December 24	114,622	1,417	68,611	200,104	42,243	426,997
Depreciation and impairment
At 01 January 24	-	-	36,382	85,430	33,079	154,891
Charge for year	-	213	5,134	17,201	4,679	27,227
On disposals	-	-	(19,115)	-	-	(19,115)
At 31 December 24	-	213	22,401	102,631	37,758	163,003
Net book value
At 31 December 24	114,622	1,204	46,210	97,473	4,485	263,994
At 31 December 23	114,622	-	21,667	104,431	7,866	248,586

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	132
Other debtors	676	1,006
Prepayments and accrued income	6,770	3,082
Total	7,446	4,220

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	47	37
Bank borrowings and overdrafts	10,011	10,038
Taxation and social security	25,757	14,123
Finance lease and HP contracts	9,365	-
Other creditors	67,787	81,569
Accrued liabilities and deferred income	2,501	2,364
Total	115,468	108,131

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	4,148	14,123
Other creditors	17,016	-
Total	21,164	14,123

7.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	26,382		-

8.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	15,628	17,542
Total	15,628	17,542