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Registered number: 08122209
St.Vibes Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08122209
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,088,515 380,512
1,088,515 380,512
CURRENT ASSETS
Stocks 6 120,824 145,676
Debtors 7 418,731 451,597
Cash at bank and in hand 100 764,169
539,655 1,361,442
Creditors: Amounts Falling Due Within One Year 8 (1,351,582 ) (1,475,336 )
NET CURRENT ASSETS (LIABILITIES) (811,927 ) (113,894 )
TOTAL ASSETS LESS CURRENT LIABILITIES 276,588 266,618
PROVISIONS FOR LIABILITIES
Deferred Taxation (65,952 ) (65,952 )
NET ASSETS 210,636 200,666
CAPITAL AND RESERVES
Called up share capital 9 1,898 1,898
Share premium account 231,488 231,488
Capital redemption reserve 102 102
Other reserves (2,054,049 ) (1,703,986 )
Profit and Loss Account 2,031,197 1,671,164
SHAREHOLDERS' FUNDS 210,636 200,666
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Page 2
For the year ending 31 December 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
D J Willis
Director
05/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
St.Vibes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08122209 . The registered office is 88 St. John Street, London, EC1M 4EH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and 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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are recognised at cost. After recognition, under the cost model, intangible
assets are measured at cost less any accumulated amortisation and any accumulated impairment
losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life
cannot be made, the useful life shall not exceed ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 15% straight line
Other fixed assets 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 72 (2024: 75)
72 75
4. Intangible Assets
Trade marks
£
Cost
As at 1 January 2025 700
As at 31 December 2025 700
Amortisation
As at 1 January 2025 700
As at 31 December 2025 700
Net Book Value
As at 31 December 2025 -
As at 1 January 2025 -
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5. Tangible Assets
Land & Property
Leasehold Other fixed assets Total
£ £ £
Cost
As at 1 January 2025 1,028,716 834,307 1,863,023
Additions 457,602 421,427 879,029
As at 31 December 2025 1,486,318 1,255,734 2,742,052
Depreciation
As at 1 January 2025 873,262 609,249 1,482,511
Provided during the period 66,458 104,568 171,026
As at 31 December 2025 939,720 713,817 1,653,537
Net Book Value
As at 31 December 2025 546,598 541,917 1,088,515
As at 1 January 2025 155,454 225,058 380,512
6. Stocks
2025 2024
£ £
Stock 120,824 145,676
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 418,731 451,597
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 580,467 908,656
Bank loans and overdrafts 83,247 -
Other creditors 301,578 258,181
Taxation and social security 386,290 308,499
1,351,582 1,475,336
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,898 1,898
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