STAYTRUE LTD


Directors	LEAHY, Morgan John
	SHANAHAN, John Michael


Company Secretary	DAVENPORTS GROUP LTD


Registered Address	53 King Street
	Manchester
	M2 4LQ


Registered Number	08720272 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		1,000		1,000
Tangible assets	4		68,444		85,252
			69,444		86,252
Current assets
Stocks		244,986		271,762
Debtors	5,6	3,047,417		2,463,081
Cash at bank and on hand		13,648		492
		3,306,051		2,735,335
Creditors amounts falling due within one year	7	(143,044)		(68,907)
Net current assets (liabilities)			3,163,007		2,666,428
Total assets less current liabilities			3,232,451		2,752,680
Creditors amounts falling due after one year	8		(2,093,771)		(1,703,258)
Net assets			1,138,680		1,049,422
Capital and reserves
Called up share capital			2		2
Other reserves			847,930		853,381
Profit and loss account			290,748		196,039
Shareholders' funds			1,138,680		1,049,422

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 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 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 17 December 2025, and are signed on its behalf by:

SHANAHAN, John Michael
Director
Registered Company No. 08720272

STAYTRUE LTD

Notes to the Financial Statements
for the year ended 31 March 2025

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.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		2

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 24	1,000
	At 31 March 25	1,000
	Net book value
	At 31 March 25	1,000
	At 31 March 24	1,000

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	387,813
	At 31 March 25	387,813
	Depreciation and impairment
	At 01 April 24	302,560
	Charge for year	16,809
	At 31 March 25	319,369
	Net book value
	At 31 March 25	68,444
	At 31 March 24	85,252

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	250,896	193,787
Total	250,896	193,787


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Debtors: amounts due after one year

	2025	2024
	£	£
Amounts owed by group undertakings	2,796,522	2,268,491
Amounts owed by associates and joint ventures / participating interests	-	803
Total	2,796,522	2,269,294

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,367	20
Taxation and social security	141,677	68,887
Total	143,044	68,907


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	203,372	131,992
Amounts owed to related parties	1,890,364	1,524,098
Other creditors	35	47,168
Total	2,093,771	1,703,258