Company Registration No. 7636346 (England and Wales)
The Stambridge Group Limited
Unaudited accounts
for the year ended 31 May 2023
The Stambridge Group Limited
Unaudited accounts
Contents
The Stambridge Group Limited
Company Information
for the year ended 31 May 2023
Directors
P Bourke
J Spiers
Company Number
7636346 (England and Wales)
Registered Office
1 Bentalls Close
Southend-on-Sea
Essex
SS2 5FD
England
Accountants
Tax Help Direct
1391 London Road
Leigh-on-Sea
Essex
SS9 2SA
The Stambridge Group Limited
Statement of financial position
as at 31 May 2023
Tangible assets
206,083
176,918
Debtors
2,006,144
2,372,960
Cash at bank and in hand
1,502,482
1,515,812
Creditors: amounts falling due within one year
(1,725,782)
(2,179,836)
Net current assets
1,782,844
1,708,936
Total assets less current liabilities
1,992,925
1,885,854
Creditors: amounts falling due after more than one year
(74,210)
(9,170)
Net assets
1,918,715
1,876,684
Called up share capital
1
1
Profit and loss account
1,918,714
1,876,683
Shareholders' funds
1,918,715
1,876,684
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by
P Bourke
Director
Company Registration No. 7636346
The Stambridge Group Limited
Notes to the Accounts
for the year ended 31 May 2023
The Stambridge Group Limited is a private company, limited by shares, registered in England and Wales, registration number 7636346. The registered office is 1 Bentalls Close, Southend-on-Sea, Essex, SS2 5FD, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
The Stambridge Group Limited
Notes to the Accounts
for the year ended 31 May 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
33,416
196,561
43,427
273,404
Additions
4,847
119,845
500
125,192
Revaluations
-
(61,070)
-
(61,070)
At 31 May 2023
38,263
255,336
43,927
337,526
At 1 June 2022
8,355
67,735
20,396
96,486
Charge for the year
7,477
55,334
5,883
68,694
On disposals
-
(33,737)
-
(33,737)
At 31 May 2023
15,832
89,332
26,279
131,443
At 31 May 2023
22,431
166,004
17,648
206,083
At 31 May 2022
25,061
128,826
23,031
176,918
Amounts falling due within one year
Trade debtors
1,076,297
2,293,796
Other debtors
929,847
79,164
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
19,264
7,861
Trade creditors
577,639
351,662
Taxes and social security
478,139
938,419
Other creditors
650,740
881,894
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
74,210
9,170
9
Average number of employees
During the year the average number of employees was 857 (2022: 994).