Stag Publications Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 03530248 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2022 TO 31 DECEMBER 2022

FOR

STAG PUBLICATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W J Ramsdale

Mrs R Ramsdale

L A Wikner

SECRETARY:

W J Ramsdale

REGISTERED OFFICE:

18 Alban Park

Hatfield Road

St Albans

Hertfordshire

AL4 0JJ

REGISTERED NUMBER:

03530248 (England and Wales)

ACCOUNTANTS:

Lovetts Accountants Limited

Bridge House

25 Fiddlebridge Lane

Hatfield

Hertfordshire

AL10 0SP

FIXED ASSETS

Intangible assets

4

2,699

11,268

Property, plant and equipment

5

8,655

10,717

11,354

21,985

CURRENT ASSETS

Debtors

6

1,009,917

1,081,248

Cash at bank and in hand

6,278

51,708

1,016,195

1,132,956

CREDITORS

Amounts falling due within one year

7

266,291

389,350

NET CURRENT ASSETS

749,904

743,606

TOTAL ASSETS LESS CURRENT LIABILITIES

761,258

765,591

CREDITORS

Amounts falling due after more than one year

8

26,667

33,333

NET ASSETS

734,591

732,258

CAPITAL AND RESERVES

Called up share capital

132

132

Retained earnings

734,459

732,126

SHAREHOLDERS' FUNDS

734,591

732,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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 17 August 2023 and were signed on its behalf by:

W J Ramsdale - Director

1.	STATUTORY INFORMATION

Stag Publications 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.

Turnover

Turnover represents net invoices raised, excluding value added tax.

Turnover in respect of magazine advertising is recognised in the period in which the magazine is published.

Turnover in respect of exhibitions and events is recognised in the period in which the event is held.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the period 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2022 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 May 2022

12,000

Disposals

(8,500

)

At 31 December 2022

3,500

AMORTISATION

At 1 May 2022

732

Amortisation for period

2,014

Eliminated on disposal

(1,945

)

At 31 December 2022

801

NET BOOK VALUE

At 31 December 2022

2,699

At 30 April 2022

11,268

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2022

10,717

4,708

70,013

85,438

Additions

-

-

2,109

2,109

Disposals

-

-

(46,475

)

(46,475

)

At 31 December 2022

10,717

4,708

25,647

41,072

DEPRECIATION

At 1 May 2022

7,422

1,374

65,925

74,721

Charge for period

1,983

790

1,398

4,171

Eliminated on disposal

-

-

(46,475

)

(46,475

)

At 31 December 2022

9,405

2,164

20,848

32,417

NET BOOK VALUE

At 31 December 2022

1,312

2,544

4,799

8,655

At 30 April 2022

3,295

3,334

4,088

10,717

6.

DEBTORS

31.12.22

30.4.22

£

£

Amounts falling due within one year:

Trade debtors

157,455

264,804

Amounts owed by group undertakings

630,598

587,898

Other debtors

21,864

28,546

809,917

881,248

Amounts falling due after more than one year:

Amounts owed by group undertakings

200,000

200,000

Aggregate amounts

1,009,917

1,081,248

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

30.4.22

£

£

Bank loans and overdrafts

31,504

10,000

Trade creditors

87,638

62,960

Amounts owed to group undertakings

1,988

-

Taxation and social security

114,251

134,731

Other creditors

30,910

181,659

266,291

389,350

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

30.4.22

£

£

Bank loans

26,667

33,333