Stand + Stare Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07506078 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2023

for

Stand + Stare Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Telling

B T Heywood

SECRETARY:

A J Heywood

REGISTERED OFFICE:

1 The Terrace

Boscombe Lane

Horsley

Stroud

Gloucestershire

GL6 0PZ

REGISTERED NUMBER:

07506078 (England and Wales)

ACCOUNTANTS:

Brooklyn Consultancy Ltd

Chartered Accountants

Newstones

Park Road

Nailsworth

Gloucestershire

GL6 0HZ

FIXED ASSETS

Tangible assets

4

5,273

1,908

CURRENT ASSETS

Debtors

5

9,314

15,599

Cash at bank and in hand

54,006

55,769

63,320

71,368

CREDITORS

Amounts falling due within one year

6

17,501

39,217

NET CURRENT ASSETS

45,819

32,151

TOTAL ASSETS LESS CURRENT LIABILITIES

51,092

34,059

PROVISIONS FOR LIABILITIES

1,002

363

NET ASSETS

50,090

33,696

RESERVES

Income and expenditure account

50,090

33,696

50,090

33,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 surplus or deficit 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 23 October 2023 and were signed on its behalf by:

B T Heywood - Director

L Telling - Director

1.	STATUTORY INFORMATION

Stand + Stare Ltd is a private company, limited by guarantee , 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.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

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 year 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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2022

7,987

Additions

5,123

At 31 January 2023

13,110

DEPRECIATION

At 1 February 2022

6,079

Charge for year

1,758

At 31 January 2023

7,837

NET BOOK VALUE

At 31 January 2023

5,273

At 31 January 2022

1,908

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

9,314

15,599

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade creditors

-

2,701

Tax

2,846

6,596

VAT

2,512

7,372

Other creditors

620

-

Directors' current accounts

4,703

6,712

Accrued expenses

6,820

15,836

17,501

39,217