Stagnest Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 01865499

Stagnest Limited

Filleted Unaudited Financial Statements

31 March 2019

Stagnest Limited

Director's Report

Year ended 31 March 2019

The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2019 .

Director

The director who served the company during the year was as follows:

Mr I Jones

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 10 July 2019 and signed on behalf of the board by:

Mr I Jones
Director

Registered office:

1 St Josephs Court

Trindle Road

Dudley

West Midlands

DY2 7AU

Stagnest Limited

Statement of Financial Position

31 March 2019

	2019		2018
	£	£	£
Fixed assets		53,045	74,049
		-------	-------

Current assets		137,263	120,493

Creditors: amounts falling due within one year	60,376	47,916
	--------	--------
Net current assets	76,887	72,577
	--------	--------
Total assets less current liabilities	129,932	146,626

Provisions for liabilities		–	12,484

Accruals and deferred income	1,600	1,600
	--------	--------
	128,332	132,542
	--------	--------

Capital and reserves	128,332	132,542
	--------	--------

Notes to the financial statements

1. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2018: 5 ).

2. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2019
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr I Jones	( 2,000)	( 30,000)	24,000	( 8,000)
	------	-------	-------	------

	2018
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr I Jones	–	( 30,000)	28,000	( 2,000)
	----	-------	-------	------

For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 10 July 2019 , and are signed on behalf of the board by:

Mr I Jones
Director

Company registration number: 01865499

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 St Josephs Court, Trindle Road, Dudley, West Midlands, DY2 7AU.