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REGISTERED NUMBER: 04759955 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

STANGARD DESIGN SOLUTIONS LIMITED

STANGARD DESIGN SOLUTIONS LIMITED (REGISTERED NUMBER: 04759955)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANGARD DESIGN SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: M A Harris
D K Parkinson





SECRETARIES: M A Harris
Mrs E M Parkinson





REGISTERED OFFICE: The Barn, Unit 2
Wick Business Centre
Manor Farm, Upper Wick
Dursley
Gloucestershire
GL11 6DE





REGISTERED NUMBER: 04759955 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

STANGARD DESIGN SOLUTIONS LIMITED (REGISTERED NUMBER: 04759955)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,471 88,460

CURRENT ASSETS
Stocks 40,803 33,522
Debtors 5 1,304,497 1,445,532
Cash at bank and in hand 1,272,711 1,151,741
2,618,011 2,630,795
CREDITORS
Amounts falling due within one year 6 1,373,986 1,374,247
NET CURRENT ASSETS 1,244,025 1,256,548
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,360,496

1,345,008

PROVISIONS FOR LIABILITIES 2,888 -
NET ASSETS 1,357,608 1,345,008

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,357,508 1,344,908
SHAREHOLDERS' FUNDS 1,357,608 1,345,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

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.

STANGARD DESIGN SOLUTIONS LIMITED (REGISTERED NUMBER: 04759955)

BALANCE SHEET - continued
31 MAY 2023


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 Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




D K Parkinson - Director



M A Harris - Director


STANGARD DESIGN SOLUTIONS LIMITED (REGISTERED NUMBER: 04759955)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Stangard Design Solutions Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provision of section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of goods and services provided under contracts to the extent that there is a right to consideration. It is recorded at the fair value of the consideration due and excludes value added tax.

Where a contract has only been partially completed at the balance sheet date then turnover represents the value of the work done to date based on a proportion of the total expected consideration at completion. Revenue not billed to customers is included as amounts recoverable on contracts as part of debtors. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 45% on reducing balance
Furniture and fixtures - 45% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 45% on reducing balance

Stocks
Work in progress represents purchases invoiced to the company in the current year but are part of contracts being completed in the following year.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognized at amortized cost using the effective interest method.

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.


STANGARD DESIGN SOLUTIONS LIMITED (REGISTERED NUMBER: 04759955)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement 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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.Where material, provisions are calculated on a discounted basis.

Going concern
The director has considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability of the company to continue as going concern have been identified by the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Furniture
Office and Motor Computer
equipment fixtures vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 4,466 8,110 143,634 54,728 210,938
Additions - 113 90,474 6,080 96,667
Disposals - - (83,635 ) - (83,635 )
At 31 May 2023 4,466 8,223 150,473 60,808 223,970
DEPRECIATION
At 1 June 2022 3,848 7,916 62,841 47,873 122,478
Charge for year 426 195 16,829 4,161 21,611
Eliminated on disposal - - (36,590 ) - (36,590 )
At 31 May 2023 4,274 8,111 43,080 52,034 107,499
NET BOOK VALUE
At 31 May 2023 192 112 107,393 8,774 116,471
At 31 May 2022 618 194 80,793 6,855 88,460

STANGARD DESIGN SOLUTIONS LIMITED (REGISTERED NUMBER: 04759955)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,292,502 1,436,689
Amounts owed by associates 24 24
Prepayments 11,971 8,819
1,304,497 1,445,532

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 741,890 687,408
Corporation Tax 40,510 165,510
Social security and other taxes 170,238 77,106
Pension control 2,466 4,542
VAT 231,486 223,007
Other creditors 2,651 3,627
Accrued expenses 184,745 213,047
1,373,986 1,374,247

7. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £13,650.