STX.NG LTD


Director	OGUNKOYA, Folabi


Registered Address	5 Minories
	London
	EC3N 1BJ


Registered Number	09261499 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		14,621		18,354
Tangible assets	4		38,598		51,355
			53,219		69,709
Current assets
Debtors	5	191,286		198,598
Cash at bank and on hand		90,810		73,048
		282,096		271,646
Creditors amounts falling due within one year	6	(297,760)		(266,345)
Net current assets (liabilities)			(15,664)		5,301
Total assets less current liabilities			37,555		75,010
Creditors amounts falling due after one year	7		(34,296)		(70,453)
Net assets			3,259		4,557
Capital and reserves
Called up share capital			1		1
Profit and loss account			3,258		4,556
Shareholders' funds			3,259		4,557

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 Director acknowledges 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 financial statements were approved and authorised for issue by the Director on 13 July 2026, and are signed on its behalf by:

OGUNKOYA, Folabi
Director
Registered Company No. 09261499

STX.NG LTD

Notes to the Financial Statements
for the year ended 31 October 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	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.

	Amortisation
	Intangible assets comprising internally developed software applications are amortised to profit and loss account over their estimated useful life of 10 years.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value , over the useful economic life of the respective asset.

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value , over the useful economic life of the respective asset.


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	5
Vehicles	25	-

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 November 24	50,510	50,510
At 31 October 25	50,510	50,510
Amortisation and impairment
At 01 November 24	32,156	32,156
Charge for year	3,733	3,733
At 31 October 25	35,889	35,889
Net book value
At 31 October 25	14,621	14,621
At 31 October 24	18,354	18,354

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 November 24	4,956	95,066	100,022
At 31 October 25	4,956	95,066	100,022
Depreciation and impairment
At 01 November 24	1,505	47,162	48,667
Charge for year	781	11,976	12,757
At 31 October 25	2,286	59,138	61,424
Net book value
At 31 October 25	2,670	35,928	38,598
At 31 October 24	3,451	47,904	51,355

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	183,324	198,598
Prepayments and accrued income	7,962	-
Total	191,286	198,598

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	436
Bank borrowings and overdrafts	8,872	13,580
Taxation and social security	11,894	7,897
Other creditors	276,994	244,432
Total	297,760	266,345

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	27,522
Other creditors	34,296	42,931
Total	34,296	70,453

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	34,296		42,931

9.	Related party transactions
	As at 31 October 2025, the balance of other debtors includes amounts of £10,000 payable by Twnty7 Ltd, £106,323 by Cococure Minories Ltd and £65,000 by Timbo Estates Ltd. Similalry, the balance of other creditors includes amount of £285,156 due by Cococure House Ltd. All companies are related parties by virtue of their common control by Folabi Ogunkoya. All amounts are included within other debtors and other creditors respectively.

Related party transactions

As at 31 October 2025, the balance of other debtors includes amounts of £10,000 payable by Twnty7 Ltd, £106,323 by Cococure Minories Ltd and £65,000 by Timbo Estates Ltd. Similalry, the balance of other creditors includes amount of £285,156 due by Cococure House Ltd. All companies are related parties by virtue of their common control by Folabi Ogunkoya. All amounts are included within other debtors and other creditors respectively.