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 2021

Stagnest Limited

Statement of Financial Position

31 March 2021

	2021		2020
	£	£	£
Fixed assets		27,003	35,403
		-------	-------

Current assets	176,410		138,817
Prepayments and accrued income	1,693		–
	--------		--------
		178,103	138,817

Creditors: amounts falling due within one year	54,448	57,720
	--------	--------
Net current assets	123,655	81,097
	--------	--------
Total assets less current liabilities	150,658	116,500

Creditors: amounts falling due after more than one year		50,000	–

Accruals and deferred income	1,600	1,600
	--------	--------
	99,058	114,900
	--------	--------

Capital and reserves	99,058	114,900
	-------	--------

Notes to the financial statements

1. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2020: 4 ).

2. Director's advances, credits and guarantees

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

	2021
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr I Jones	( 10,000)	–	–	( 10,000)
	-------	----	----	-------

	2020
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr I Jones	( 8,000)	( 30,000)	28,000	( 10,000)
	------	-------	-------	-------

For the year ending 31 March 2021 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 4 August 2021 , 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.