Registered Number:SC380072 |
For the year ended 31 March 2023
Scotland
Report of the Directors and Unaudited Financial Statements
For the year ended 31 March 2023
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
31/3/2022
31/3/2023
Property, plant and equipment |
10,781
13,504
2
10,781
13,504
Trade and other receivables |
300,422
540,615
3
1,255,347
Cash and cash equivalents |
800,936
1,341,551
1,555,769
Trade and other payables: amounts falling due within one year |
(669,245)
(818,258)
4
886,524
523,293
Net current assets
Total assets less current liabilities |
534,074
900,028
Trade and other payables: amounts falling due after more than |
one year |
(264,782)
(185,354)
5
348,720
Net assets
635,246
300
300
348,420
634,946
348,720
635,246
Shareholders' funds
For the year ended 31 March 2023 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 2023 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 14 February 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
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 |
SC380072. |
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 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
There were no material departures from that standard. |
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
assets to fair value where required. |
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.
Financial Instruments
The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial |
Instruments Issues" of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the company's statement of financial position when the company becomes party to |
the contractual provisions of a financial instrument. |
Basic financial instruments, including trade and other receivables, cash and bank balances, trade and other payables, bank |
and other loans are initially measured at transaction price and subsequently carried at amortised cost. Financial assets and |
liabilities classified as receivable/payable within one year are not amortised. |
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For the year ended 31 March 2023
Stop Go Networks Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
110,137
102,247
7,890
3,810
3,209
601
8,491
105,456
113,947
Provision for depreciation and impairment |
96,633
90,929
5,704
Charge for year
6,533
5,836
697
103,166
96,765
6,401
2,090
8,691
10,781
2,186
11,318
13,504
3. Trade and other receivables |
31/3/2022
31/3/2023
533,303
294,090
7,312
6,332
300,422
540,615
4. Trade and other payables: amounts falling due within one year |
31/3/2022
31/3/2023
80,000
80,000
581,588
443,790
Taxation and social security |
120,314
107,331
36,356
38,124
818,258
669,245
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For the year ended 31 March 2023
Stop Go Networks Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year |
31/3/2022
31/3/2023
180,000
260,000
5,354
4,782
185,354
264,782
The directors are owed £5,354 from the Company at 31st March 2023. This is a non-interest bearing loan and there are no fixed repayment terms. |
6. Average number of persons employed |
During the year the average number of employees was 16 (2022 : 12)
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