Stack Pathway Limited Filleted accounts for Companies House (small and micro)

STACK PATHWAY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10503417

STACK PATHWAY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 September 2018

STACK PATHWAY LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2018

Contents	Page

Balance sheet 1

Notes to the financial statements 2

STACK PATHWAY LIMITED

BALANCE SHEET

30 September 2018

	2018	2017
Note	£	£

Fixed assets

Tangible assets	5	4,254	4,013

Current assets

Debtors	6	11,868	12,070
Cash at bank and in hand		97,575	53,055
		------------	------------
		109,443	65,125

Creditors: amounts falling due within one year	7	28,705	24,745
		------------	------------
Net current assets		80,738	40,380
		------------	------------
Total assets less current liabilities		84,992	44,393
		------------	------------

Capital and reserves

Called up share capital	8	1	1
Profit and loss account		84,991	44,392
		------------	------------
Shareholders funds		84,992	44,393
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 October 2018 , and are signed on behalf of the board by:

J B Brayshaw

Director

Company registration number: 10503417

STACK PATHWAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 The Stables, Towton, Tadcaster, North Yorkshire, LS24 9SU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% reducing balance
Computer equipment	-	33% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).

5. Tangible assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
At 1 October 2017	–	6,019	6,019
Additions	1,175	1,872	3,047
	------------	------------	------------
At 30 September 2018	1,175	7,891	9,066
	------------	------------	------------
Depreciation
At 1 October 2017	–	2,006	2,006
Charge for the year	176	2,630	2,806
	------------	------------	------------
At 30 September 2018	176	4,636	4,812
	------------	------------	------------
Carrying amount
At 30 September 2018	999	3,255	4,254
	------------	------------	------------
At 30 September 2017	–	4,013	4,013
	------------	------------	------------

6. Debtors

	2018	2017
	£	£
Trade debtors	11,868	12,070
	------------	------------

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Corporation tax	19,914	15,571
Social security and other taxes	5,342	4,977
Directors' loan account	2,853	2,733
Other creditors	596	1,464
	------------	------------
	28,705	24,745
	------------	------------

8. Called up share capital

Issued, called up and fully paid

	2018		2017
	No.	£	No.	£
Ordinary shares of £ 0.01 each	100	1.00	100	1.00
	------------	------------	------------	------------

9. Related party transactions

The director's loan of £2,853 (2017: £2,733) set out above is unsecured, repayable on demand and currently interest free. The company is controlled by the directors.