REGISTERED NUMBER: |
St Lisaj Limited |
Unaudited Financial Statements |
for the Year Ended 28 February 2023 |
REGISTERED NUMBER: |
St Lisaj Limited |
Unaudited Financial Statements |
for the Year Ended 28 February 2023 |
St Lisaj Limited (Registered number: 08672776) |
Contents of the Financial Statements |
for the year ended 28 February 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
St Lisaj Limited |
Company Information |
for the year ended 28 February 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
250 Fowler Avenue |
Farnborough |
Hampshire |
GU14 7JP |
St Lisaj Limited (Registered number: 08672776) |
Balance Sheet |
28 February 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
Provisions for liabilities | 9 | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 10 |
Retained earnings |
Shareholders' funds |
The directors acknowledge their 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. |
St Lisaj Limited (Registered number: 08672776) |
Balance Sheet - continued |
28 February 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
St Lisaj Limited (Registered number: 08672776) |
Notes to the Financial Statements |
for the year ended 28 February 2023 |
1. | Statutory information |
St Lisaj Limited is a |
2. | Accounting policies |
Accounting convention |
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound. |
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. |
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group. In addition, any transactions with group members have not been disclosed as related party transactions. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Hence the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
Turnover |
Turnover represents amounts receivable for services net of VAT and trade discounts. |
Tangible fixed assets |
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. |
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |
Computer equipment 33% Reducing balance |
Motor vehicles 25% Reducing balance |
Investments in subsidiaries |
Interests in subsidiaries and associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. |
Impairment of fixed assets |
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss |
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 |
Equity instruments |
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
St Lisaj Limited (Registered number: 08672776) |
Notes to the Financial Statements - continued |
for the year ended 28 February 2023 |
2. | Accounting policies - continued |
Employee benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. |
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. |
Retirement benefits |
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. |
Cash and cash equivalents |
Cash at bank and in hand are basic financial assets and include cash in hand. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
Cost |
At 1 March 2022 |
Additions |
At 28 February 2023 |
Depreciation |
At 1 March 2022 |
Charge for year |
At 28 February 2023 |
Net book value |
At 28 February 2023 |
At 28 February 2022 |
5. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 March 2022 |
and 28 February 2023 |
Net book value |
At 28 February 2023 |
At 28 February 2022 |
St Lisaj Limited (Registered number: 08672776) |
Notes to the Financial Statements - continued |
for the year ended 28 February 2023 |
5. | Fixed asset investments - continued |
Subsidiaries |
Name of undertaking | Registered office | Class of | % | % |
shares held |
Direct |
Indirect |
Employee Retention Services | England and Wales | Ordinary | 50.00 |
Limited |
Grey Eclipse Holdings Limited | England and Wales | Ordinary | 50.00 |
Grey Eclipse Limited | England and Wales | Ordinary | 50.00 |
Grey Eclipse Support Limited | England and Wales | Ordinary | 50.00 |
Associates |
Details of the company's associates at 28 February 2022 are as follows |
Name of undertaking | Registered office | Class of | % Held |
shares held | Direct |
Total Recall Business Services | England and Wales | Ordinary | 30.00 |
Limited |
Maltby Services Limited | England and Wales | Ordinary | 45.00 |
Ripley Associates Limited | England and Wales | Ordinary | 30.00 |
6. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
Included in other debtors are amounts which may not be recovered within one year of £114,528 (2022 £89,157). |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
8. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Bank loans |
9. | Provisions for liabilities |
2023 | 2022 |
£ | £ |
Deferred tax | 22,329 | - |
St Lisaj Limited (Registered number: 08672776) |
Notes to the Financial Statements - continued |
for the year ended 28 February 2023 |
9. | Provisions for liabilities - continued |
Deferred tax |
£ |
Provided during year |
Balance at 28 February 2023 |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary A shares of 10p each | 10p | 1 | 1 |
Ordinary B shares of £1 each | £1 | 99 | 99 |
100 | 100 |
The Ordinary A Shares and Ordinary B Shares rank pari passu in all respects. |
11. | Related party disclosures |
Included in debtors, is £42,817 (2022 - £42,817) owed to the company by Blackstar Golf Limited, a company connected by the director I M Fitzpatrick. There are no formal terms and conditions attached to the advance, and the amount may not be recoverable within one year. |
Director's transactions |
Included in creditors due within one year, is an amount of £1,224 (2022 - £19,198) owed to I M Fitzpatrick, director. |