Company Registration No. 4305296 (England and Wales)
Stencell Ltd
Unaudited accounts
for the year ended 31 March 2023
Stencell Ltd
Unaudited accounts
Contents
Stencell Ltd
Company Information
for the year ended 31 March 2023
Company Number
4305296 (England and Wales)
Registered Office
2nd Floor Sutherland House
70 West Hendon Broadway
NW9 7ER
Accountants
GATES FREEDMAN
Chartered Accountants
2nd Floor Sutherland House
70-78 West Hendon Broadway
London
NW9 7ER
Stencell Ltd
Statement of financial position
as at 31 March 2023
Investment property
1,267,994
1,267,994
Cash at bank and in hand
42,164
212,663
Creditors: amounts falling due within one year
(483,555)
(685,890)
Net current liabilities
(437,811)
(464,918)
Net assets
830,183
803,076
Called up share capital
67
67
Profit and loss account
830,116
803,009
Shareholders' funds
830,183
803,076
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 21 August 2023 and were signed on its behalf by
G Wagner
Director
Company Registration No. 4305296
Stencell Ltd
Notes to the Accounts
for the year ended 31 March 2023
Stencell Ltd is a private company, limited by shares, registered in England and Wales, registration number 4305296. The registered office is 2nd Floor Sutherland House, 70 West Hendon Broadway, NW9 7ER.
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.
Investment property is included at directors valuation of market fair value. Gains are recognised in the income statement. Deferred taxation is provided if material on these gains at the rate expected to apply when the property is sold.
Fair value at 1 April 2022
1,267,994
At 31 March 2023
1,267,994
The company's investment properties are shown as historical cost. Due to the uncertainties of the state of the UK commercial property market, the directors are of the opinion that the current market value is below that of the balance sheet value. However as the current market value cannot be determined with any reliability the balance sheet values have been left unchanged.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
122,492
345,138
Trade creditors
6,305
6,305
Taxes and social security
6,359
3,462
Other creditors
42,361
46,036
Loans from directors
305,678
284,949
Stencell Ltd
Notes to the Accounts
for the year ended 31 March 2023
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).