Registered Number
:
SC
380072
|
For the year ended 31 March 2022
Scotland
Report of the Directors and Unaudited Financial Statements
For the year ended 31 March 2022
Stop Go Networks Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Stop Go Networks Limited
Statement of Financial Position
31/3/2021
31/3/2022
Property
,
plant and equipment
|
13,504
21,531
2
13,504
21,531
Trade and other receivables
|
198,125
300,422
3
717,977
Cash and cash equivalents
|
1,255,347
1,555,769
916,102
Trade and other payables
:
amounts falling due within one year
|
(400,036)
(669,245)
4
516,066
886,524
Net current assets
Total assets less current liabilities
|
900,028
537,597
Trade and other payables
:
amounts falling due after more than
|
one year
|
(345,125)
(264,782)
5
635,246
Net assets
192,472
300
300
634,946
192,172
635,246
192,472
Shareholders' funds
For the year ended 31 March 2022 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 of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 02 December 2022 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2022
Stop Go Networks Limited
Notes to the Financial Statements
Statutory Information
Stop Go Networks Limited is a private limited company
,
limited by shares
,
domiciled in Scotland
,
registration number
|
SC
380072
.
|
272 Bath Street
Glasgow
G2 4JR
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting
|
Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the Companies Act
2006
.
|
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
|
assets
.
|
Revenue recognition
Turnover comprises the invoiced value of services supplied by the company.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and buildings
Computer equipment
Fixtures and fittings
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 March 2022
Stop Go Networks Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
112,941
99,296
7,722
5,923
3,119
2,951
168
-
-
-
(5,923)
(5,923)
-
7,890
102,247
110,137
Provision for depreciation and impairment
|
91,410
85,267
4,958
1,185
Charge for year
6,408
5,662
746
-
(1,185)
-
-
(1,185)
96,633
90,929
5,704
-
-
2,186
11,318
13,504
4,738
2,764
14,029
21,531
3
.
Trade and other receivables
|
31/3/2021
31/3/2022
294,090
181,134
6,332
16,991
198,125
300,422
4
.
Trade and other payables
:
amounts falling due within one year
|
31/3/2021
31/3/2022
80,000
60,000
443,790
304,603
Taxation and social security
|
107,331
-
38,124
35,433
669,245
400,036
3 of 4
For the year ended 31 March 2022
Stop Go Networks Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due after more than one year
|
31/3/2021
31/3/2022
260,000
340,000
4,782
5,125
264,782
345,125
6
.
Directors advances and guarantees
|
Mr Andrew Hynes and Mr Martin Dixon are the Company
'
s controlling parties
.
|
7
.
Average number of persons employed
|
During the year the average number of employees was 12 (2021 : 15)
4 of 4