Company Registration No. 03386346 (England and Wales)
Staplefell Limited
Unaudited accounts
for the year ended 30 September 2019
Staplefell Limited
Unaudited accounts
Contents
Staplefell Limited
Company Information
for the year ended 30 September 2019
Company Number
03386346 (England and Wales)
Registered Office
Cumberland Court
80 Mount Street
Nottingham
NG1 6HH
United Kingdom
Accountants
EllamWalker Ltd
Sydeham Farm
Rackenford
Tiverton
Devon
EX16 8ER
Staplefell Limited
Statement of financial position
as at
30 September 2019
Tangible assets
194,205
315,815
Cash at bank and in hand
713,904
208,708
Creditors: amounts falling due within one year
(72,097)
(23,854)
Net current assets
727,669
251,888
Total assets less current liabilities
921,874
567,703
Provisions for liabilities
Net assets
921,874
566,755
Called up share capital
510,000
510,000
Profit and loss account
411,874
56,755
Shareholders' funds
921,874
566,755
For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 June 2020 and were signed on its behalf by
Mrs A Besterman
Director
Company Registration No. 03386346
Staplefell Limited
Notes to the Accounts
for the year ended 30 September 2019
Staplefell Limited is a private company, limited by shares, registered in England and Wales, registration number 03386346. The registered office is Cumberland Court, 80 Mount Street, Nottingham, NG1 6HH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of goods, excluding value added tax.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Estimated period to replacement
Plant & machinery
10-20% Reducing Balance
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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Staplefell Limited
Notes to the Accounts
for the year ended 30 September 2019
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 October 2018
310,826
34,608
345,434
Additions
-
16,385
16,385
Disposals
(116,621)
-
(116,621)
At 30 September 2019
194,205
50,993
245,198
At 1 October 2018
-
29,619
29,619
On disposals
-
21,374
21,374
At 30 September 2019
-
50,993
50,993
At 30 September 2019
194,205
-
194,205
At 30 September 2018
310,826
4,989
315,815
Accrued income and prepayments
18,849
-
Other debtors
67,013
67,034
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
61,091
11,671
7
Share capital
2019
2018
Allotted, called up and fully paid:
510,000 Ordinary shares of £1 each
510,000
510,000
8
Transactions with related parties
Included in other debtors is a loan of £45,233 (2018 £67,034). Interest has been charged on this loan where the balance was such that the Estate owed to the company.
The ultimate controlling party is Mrs A Besterman
10
Average number of employees
During the year the average number of employees was 0 (2018: 0).