Company Registration No. 06480548 (England and Wales)
Thomas Stubbs Life & Style Ltd.
Unaudited accounts
for the year ended 31 March 2025
Thomas Stubbs Life & Style Ltd.
Unaudited accounts
Contents
Thomas Stubbs Life & Style Ltd.
Company Information
for the year ended 31 March 2025
Company Number
06480548 (England and Wales)
Registered Office
Tuite Tang Wong
15 The Broadway
Woodford Green
Essex
IG8 0HL
United Kingdom
Accountants
Tuite Tang Wong
Chartered Certified Accountants
15 The Broadway
Woodford Green
Essex
IG8 0HL
Thomas Stubbs Life & Style Ltd.
Statement of financial position
as at 31 March 2025
Tangible assets
1,099
1,465
Cash at bank and in hand
293
310
Creditors: amounts falling due within one year
(17,108)
(9,746)
Net current assets
10,129
17,188
Total assets less current liabilities
11,228
18,653
Creditors: amounts falling due after more than one year
(11,055)
(13,884)
Called up share capital
1
1
Profit and loss account
172
4,768
Shareholders' funds
173
4,769
For the year ending 31 March 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 December 2025 and were signed on its behalf by
Thomas Stubbs
Director
Company Registration No. 06480548
Thomas Stubbs Life & Style Ltd.
Notes to the Accounts
for the year ended 31 March 2025
Thomas Stubbs Life & Style Ltd. is a private company, limited by shares, registered in England and Wales, registration number 06480548. The registered office is Tuite Tang Wong, 15 The Broadway, Woodford Green, Essex, IG8 0HL, United Kingdom.
2
Compliance with accounting standards
These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A small entities ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Other tangible fixed assets
25% reducing balance
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Thomas Stubbs Life & Style Ltd.
Notes to the Accounts
for the year ended 31 March 2025
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Other debtors
22,150
14,640
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,828
2,448
Taxes and social security
6,152
4,293
Other creditors
3,441
1,305
7
Creditors: amounts falling due after more than one year
2025
2024
Thomas Stubbs Life & Style Ltd.
Notes to the Accounts
for the year ended 31 March 2025
8
Transactions with related parties
At the year end, the amount of outstanding interest free loan due to the company was £16,615 (2024: £13,140).
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).