Stop Off UK Ltd - Accounts to registrar (filleted) - small 18.2

Stop Off UK Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10161389(England and Wales)














STOP OFF UK LTD

Unaudited Financial Statements

for the Year Ended 28 February 2019






STOP OFF UK LTD (REGISTERED NUMBER: 10161389)

Contents of the Financial Statements
for the Year Ended 28 February 2019










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


STOP OFF UK LTD

Company Information
for the Year Ended 28 February 2019







Director: Mr D Marcinkevicius





Registered office: Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 10161389(England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

STOP OFF UK LTD (REGISTERED NUMBER: 10161389)

Balance Sheet
28 February 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 263 351

CURRENT ASSETS
Stocks 18,960 8,350
Cash at bank 391 222
19,351 8,572
CREDITORS
Amounts falling due within one year 5 35,632 16,621
NET CURRENT LIABILITIES (16,281 ) (8,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,018

)

(7,698

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (16,118 ) (7,798 )
(16,018 ) (7,698 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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.

STOP OFF UK LTD (REGISTERED NUMBER: 10161389)

Balance Sheet - continued
28 February 2019


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 10 October 2019and were signed by:





Mr D Marcinkevicius- Director


STOP OFF UK LTD (REGISTERED NUMBER: 10161389)

Notes to the Financial Statements
for the Year Ended 28 February 2019


1. STATUTORY INFORMATION

Stop Off UK Ltd is a private company, limited by shares, 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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of
Income and Retained Earnings, 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.


STOP OFF UK LTD (REGISTERED NUMBER: 10161389)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2019


2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. any losses arising from impairment are recognised in the profit and
loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1(2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 March 2018
and 28 February 2019 625
Depreciation
At 1 March 2018 274
Charge for year 88
At 28 February 2019 362
Net book value
At 28 February 2019 263
At 28 February 2018 351

STOP OFF UK LTD (REGISTERED NUMBER: 10161389)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2019


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors - 2,886
Taxation and social security 1,612 773
Other creditors 34,020 12,962
35,632 16,621