Stylo Renovations Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08364299

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		32,680		48,336

			32,680		48,336
CURRENT ASSETS
Debtors	5	442,884		492,312
Cash at bank and in hand		93,611		108,329

		536,495		600,641
Creditors: Amounts Falling Due Within One Year	6	(198,770 )		(238,546 )

NET CURRENT ASSETS (LIABILITIES)			337,725		362,095

TOTAL ASSETS LESS CURRENT LIABILITIES			370,405		410,431

Creditors: Amounts Falling Due After More Than One Year	7		(16,010 )		(29,343 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,170 )		(12,084 )

NET ASSETS			346,225		369,004

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			346,125		368,904

SHAREHOLDERS' FUNDS			346,225		369,004

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Stylo Renovations Ltd

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 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 Profit and Loss Account.

On behalf of the board

Mr J D Wadman

Director

24/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Stylo Renovations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08364299 . The registered office is 5 Cornfield Terrace, Eastbourne, East Sussex, BN21 4NN.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Significant judgements and estimations

No significant judgements have had to be made by the directors in preparing the financial statements.

The directors have key assumptions in the determination of the value of the amounts recoverable on contracts.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities of the actual completion of a proportion of the total services to be rendered.

When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

2.4. 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, assets held under finance leases are depreciated in the same way as owned assets:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	33.33% straight line

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Stylo Renovations Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.5. 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 profit and loss account 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 the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

Taxation represents the sum of the tax currently payable and deferred tax.

The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2024	8,561	125,842	2,153	11,195	147,751
Disposals	-	(29,581 )	-	-	(29,581 )

As at 31 January 2025	8,561	96,261	2,153	11,195	118,170

...CONTINUED

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Stylo Renovations Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Depreciation
As at 1 February 2024	6,481	81,933	1,050	9,951	99,415
Provided during the period	520	10,976	165	622	12,283
Disposals	-	(26,208 )	-	-	(26,208 )

As at 31 January 2025	7,001	66,701	1,215	10,573	85,490

Net Book Value
As at 31 January 2025	1,560	29,560	938	622	32,680

As at 1 February 2024	2,080	43,909	1,103	1,244	48,336

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	9,315	600
Amounts recoverable on contracts	225,168	263,753
Other debtors	202,094	224,994
Prepayments	6,307	2,965

	442,884	492,312

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,334	11,628
Trade creditors	76,423	106,569
Corporation tax	12,361	40,393
Other taxes and social security	22,379	21,894
VAT	20,437	43,023
Other creditors	40,003	11,680
Accruals and deferred income	2,880	3,200
Directors' loan accounts	10,953	159

	198,770	238,546

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	16,010	29,343

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Stylo Renovations Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	13,334	11,628
Later than one year and not later than five years	16,010	29,343

	29,344	40,971

	29,344	40,971

9. Directors Advances, Credits and Guarantees

During the year the directors withdrew amounts totalling £39,779 and introduced amounts totalling £50,573. The balance at the year end due to the directors was £10,953 (2024 - £159) and is included in creditors.

The above loan is unsecured, interest free and repayable on demand.

10. Related Party Transactions

Included within debtors is an amount of £200,195 (2024 - £223,095) owed to the company by JTJ Investments Limited, company in which Mr & Mrs Wadman are also directors. This loan is unsecured, interest free and repayable on demand.

Included within amounts recoverable on contracts is an amount of £167,839 (2024 - £165,908) owed by JTJ Investments Limited.

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