REGISTERED NUMBER: 02841230 (England and Wales)

STAFFTRADE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

A P R Garwood Watkins

Registered office:

83 Boundary Road

London

NW8 0RG

Registered number:

02841230 (England and Wales)

Accountants:

Roberts & Co

Chartered Accountants

2 Tower House

Hoddesdon

Hertfordshire

EN11 8UR

Fixed assets

Investment property

4

2,650,000

2,450,000

Current assets

Debtors

5

1,288,696

1,305,965

Cash at bank

175,694

169,983

1,464,390

1,475,948

Creditors

Amounts falling due within one year

6

650,050

655,879

Net current assets

814,340

820,069

Total assets less current liabilities

3,464,340

3,270,069

Creditors

Amounts falling due after more than one year

7

(1,557,736

)

(1,566,702

)

Provisions for liabilities

(139,597

)

(110,847

)

Net assets

1,767,007

1,592,520

Capital and reserves

Called up share capital

501

501

Retained earnings

1,766,506

1,592,019

Shareholders' funds

1,767,007

1,592,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2025 and were signed by:

A P R Garwood Watkins - Director

1.	Statutory information

Stafftrade Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Investment property

Total

£

Fair value

At 1 October 2023

2,450,000

Revaluations

200,000

At 30 September 2024

2,650,000

Net book value

At 30 September 2024

2,650,000

At 30 September 2023

2,450,000

Fair value at 30 September 2024 is represented by:

£

Valuation in 2015

44,226

Valuation in 2016

51,192

Valuation in 2017

22,000

Valuation in 2018

64,115

Valuation in 2019

789

Valuation in 2020

20,000

Valuation in 2021

69,070

Valuation in 2022

127,000

Valuation in 2023

(40,000

)

Valuation in 2024

200,000

Cost

2,091,608

2,650,000

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

13,211

15,326

Amounts owed by group undertakings

1,271,324

1,280,591

Other debtors

4,161

10,048

1,288,696

1,305,965

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

9,241

9,078

Trade creditors

30,295

30,871

Amounts owed to group undertakings

605,509

605,509

Taxation and social security

759

6,177

Other creditors

4,246

4,244

650,050

655,879

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

1,557,736

1,566,702