Stagers Limited - Accounts to registrar - small 17.2
Stagers Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2017 |
| for |
| STAGERS LIMITED |
| STAGERS LIMITED (REGISTERED NUMBER: 01577069) |
| Contents of the Financial Statements |
| for the year ended 31 January 2017 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| STAGERS LIMITED |
| Company Information |
| for the year ended 31 January 2017 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Aissela |
| 46 High Street |
| Esher |
| Surrey |
| KT10 9QY |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Stagers Limited |
| The following reproduces the text of the report prepared for the director and members in respect of the |
| company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
| only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and |
| certain other primary statements and the Report of the Director are not required to be filed with the Registrar |
| of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Stagers Limited for the year ended 31 January 2017 which comprise the Statement of |
| Comprehensive Income, Balance Sheet, and the related notes from the company's accounting records and from |
| information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Stagers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stagers Limited and state those matters that we have agreed to state to the director of Stagers Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stagers Limited director for our work or for this report. |
| It is your duty to ensure that Stagers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stagers Limited. You consider that Stagers Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Stagers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| Aissela |
| 46 High Street |
| Esher |
| Surrey |
| KT10 9QY |
| STAGERS LIMITED (REGISTERED NUMBER: 01577069) |
| Balance Sheet |
| 31 January 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 3 |
| Investment property | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets/(liabilities) | ( |
) |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital | 7 |
| Revaluation reserve | 8 |
| Retained earnings | 8 |
| Shareholders' funds |
| STAGERS LIMITED (REGISTERED NUMBER: 01577069) |
| Balance Sheet - continued |
| 31 January 2017 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| STAGERS LIMITED (REGISTERED NUMBER: 01577069) |
| Notes to the Financial Statements |
| for the year ended 31 January 2017 |
| 1. | Statutory information |
| Stagers Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| The accounts have been prepared in accordance with applicable accounting standards. |
| Tangible fixed assets |
| Plant and machinery | - |
| Computer equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes |
| in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Deferred taxation |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| 3. | Tangible fixed assets |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 February 2016 |
| and 31 January 2017 |
| Depreciation |
| At 1 February 2016 |
| Charge for year |
| At 31 January 2017 |
| Net book value |
| At 31 January 2017 |
| At 31 January 2016 |
| STAGERS LIMITED (REGISTERED NUMBER: 01577069) |
| Notes to the Financial Statements - continued |
| for the year ended 31 January 2017 |
| 4. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 February 2016 |
| and 31 January 2017 |
| Net book value |
| At 31 January 2017 |
| At 31 January 2016 |
| If the investment property had not been revalued, it would have been included at its historical cost of £226,450. |
| The investment properties were revalued on 31 January 2017 by the Director on an open market basis. |
| 5. | Debtors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary shares | £1 | 40,000 | 40,000 |
| 8. | Reserves |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 February 2016 | 749,949 |
| Profit for the year |
| At 31 January 2017 | 753,755 |
| STAGERS LIMITED (REGISTERED NUMBER: 01577069) |
| Notes to the Financial Statements - continued |
| for the year ended 31 January 2017 |
| 9. | Related party disclosures |
| As at 31 January 2017, the company owed the director £22,235 (2016: £21,200) in relation to expenses paid |
| personally. This loan is interest free and repayable on demand. |
| 10. | First year adoption |
| This is the first year that the company has presented its results under FRS 102. The last financial statements |
| under UK GAAP were for the year ended 31 December 2015. The date of transition to FRS 102 was 1 January |
| 2015. |