Stijl House Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09141421 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2021

for

STIJL HOUSE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Bening

P H Hale

P J Stimpson

REGISTERED OFFICE:

The Old Stores

Bodle Street Green

Hailsham

East Sussex

BN27 4RA

REGISTERED NUMBER:

09141421 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,154

5,666

CURRENT ASSETS

Stocks

37,459

27,165

Debtors

5

289

1,502

Cash at bank

47,175

9,145

84,923

37,812

CREDITORS

Amounts falling due within one year

6

(100,017

)

(88,875

)

NET CURRENT LIABILITIES

(15,094

)

(51,063

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,940

)

(45,397

)

CAPITAL AND RESERVES

Called up share capital

7

200

111

Share premium

79,940

19,989

Retained earnings

(91,080

)

(65,497

)

SHAREHOLDERS' FUNDS

(10,940

)

(45,397

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 March 2022 and were signed on its behalf by:

R Bening - Director

1.	STATUTORY INFORMATION

Stijl House 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant & machinery

-

15% reducing balance

Fixtures & fittings

-

15% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% on cost

Government grants

Grants that relate to income are recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern

The directors have agreed to support the company as necessary in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2020

and 31 July 2021

372

408

21,323

1,499

23,602

DEPRECIATION

At 1 August 2020

216

113

17,528

79

17,936

Charge for year

24

45

949

494

1,512

At 31 July 2021

240

158

18,477

573

19,448

NET BOOK VALUE

At 31 July 2021

132

250

2,846

926

4,154

At 31 July 2020

156

295

3,795

1,420

5,666

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

289

1,502

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed to associates

10,975

10,975

Other creditors

89,042

77,900

100,017

88,875

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

200

Ordinary

£1

200

111