REGISTERED NUMBER: 03527214 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2024

for

Stebar Interiors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J McDonagh

SECRETARY:

Mrs T J McDonagh

REGISTERED OFFICE:

105a Albemarle Road

Beckenham

Kent

BR3 5HS

REGISTERED NUMBER:

03527214 (England and Wales)

ACCOUNTANTS:

PHS Accountants Ltd

105a Albemarle Road

Beckenham

Kent

BR3 5HS

FIXED ASSETS

Tangible assets

5

50,382

25,058

Investment property

6

287,460

-

337,842

25,058

CURRENT ASSETS

Stocks

7

15,010

13,772

Debtors

8

237,054

341,843

Cash at bank

171,732

101,227

423,796

456,842

CREDITORS

Amounts falling due within one year

9

438,342

248,282

NET CURRENT (LIABILITIES)/ASSETS

(14,546

)

208,560

TOTAL ASSETS LESS CURRENT LIABILITIES

323,296

233,618

CREDITORS

Amounts falling due after more than one year

10

40,127

19,004

NET ASSETS

283,169

214,614

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

283,069

214,514

SHAREHOLDERS' FUNDS

283,169

214,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2025 and were signed by:

S J McDonagh - Director

1.	STATUTORY INFORMATION

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

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

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised during the year when the company provides goods and services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2023

138,673

Additions

42,118

At 31 July 2024

180,791

DEPRECIATION

At 1 August 2023

113,615

Charge for year

16,794

At 31 July 2024

130,409

NET BOOK VALUE

At 31 July 2024

50,382

At 31 July 2023

25,058

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

40,271

At 31 July 2024

40,271

DEPRECIATION

Charge for year

10,068

At 31 July 2024

10,068

NET BOOK VALUE

At 31 July 2024

30,203

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

287,460

At 31 July 2024

287,460

NET BOOK VALUE

At 31 July 2024

287,460

7.

STOCKS

31.7.24

31.7.23

£

£

Stock and WIP

15,010

13,772

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Trade debtors

214,948

85,088

Other debtors

22,106

256,755

237,054

341,843

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Bank loans and overdrafts

10,000

15,707

Hire purchase contracts

6,554

-

Trade creditors

274,421

124,002

Taxation and social security

120,098

95,459

Other creditors

27,269

13,114

438,342

248,282

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.24

31.7.23

£

£

Bank loans

8,995

19,004

Hire purchase contracts

31,132

-

40,127

19,004

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.24

31.7.23

£

£

Hire purchase contracts

37,686

-

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24

31.7.23

£

£

S J McDonagh

Balance outstanding at start of year

78,930

78,930

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

78,930

This loan is unsecured, interest free and repayable on demand.