Samuel Staves Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13943045 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Samuel Staves Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T P Staves

B S Staves

REGISTERED OFFICE:

15 Frank Place

North Shields

United Kingdom

NE29 0LT

REGISTERED NUMBER:

13943045 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

626

2,338

CURRENT ASSETS

Stocks

5,573

4,105

Debtors

5

118,406

91,850

Cash at bank and in hand

37,966

21,326

161,945

117,281

CREDITORS

Amounts falling due within one year

6

67,285

55,799

NET CURRENT ASSETS

94,660

61,482

TOTAL ASSETS LESS CURRENT
LIABILITIES

95,286

63,820

PROVISIONS FOR LIABILITIES

157

444

NET ASSETS

95,129

63,376

CAPITAL AND RESERVES

Called up share capital

101

Retained earnings

95,028

63,275

95,129

63,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

B S Staves - Director

1.	STATUTORY INFORMATION

Samuel Staves Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is the net invoiced amount of products and services provided in the normal course of business. The revenue is recognised upon the dispatch of the goods/ services to the client.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

Straight line over 3 years

Stocks

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

Financial instruments

Basic financial instruments are recognised at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

5,136

DEPRECIATION

At 1 April 2024

2,798

Charge for year

1,712

At 31 March 2025

4,510

NET BOOK VALUE

At 31 March 2025

626

At 31 March 2024

2,338

5.

DEBTORS

31.3.25

31.3.24

£

Amounts falling due within one year:

Other debtors

100,945

80,094

Amounts falling due after more than one year:

Other debtors

17,461

11,756

Aggregate amounts

118,406

91,850

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

8,645

7,579

Taxation and social security

39,795

41,340

Other creditors

18,845

6,880

67,285

55,799

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

B S Staves

Balance outstanding at start of year

72,533

49,511

Amounts advanced

16,905

116,141

Amounts repaid

-

(93,119

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

89,438

72,533

T P Staves

Balance outstanding at start of year

-

Amounts advanced

-

7,506

Amounts repaid

-

(7,506

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

This loan is repayable on demand and interest is calculated at the official rate.