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REGISTERED NUMBER: 06133607 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

STP Equipment Limited

STP Equipment Limited (Registered number: 06133607)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STP Equipment Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: P R Barnard





REGISTERED OFFICE: Unit 3 & 4
Greenwood Court Industrial Estate
Ramridge Road
Luton
Bedfordshire
LU2 0TN





REGISTERED NUMBER: 06133607 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

STP Equipment Limited (Registered number: 06133607)

Statement of Financial Position
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 405,838 408,660
Investment property 7 435,000 450,000
840,838 858,660

CURRENT ASSETS
Stocks 110,375 148,760
Debtors 8 75,979 137,868
Cash at bank 1,000,784 712,742
1,187,138 999,370
CREDITORS
Amounts falling due within one year 9 133,946 104,869
NET CURRENT ASSETS 1,053,192 894,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,894,030

1,753,161

PROVISIONS FOR LIABILITIES 2,607 3,312
NET ASSETS 1,891,423 1,749,849

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 39,496 54,496
Retained earnings 1,851,827 1,695,253
1,891,423 1,749,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

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.

STP Equipment Limited (Registered number: 06133607)

Statement of Financial Position - continued
30 September 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 director and authorised for issue on 29 November 2023 and were signed by:





P R Barnard - Director


STP Equipment Limited (Registered number: 06133607)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

STP Equipment 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of products, excluding value added tax.

Goodwill
Goodwill has been amortised over its estimated useful life and has now been completely written off.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 statement of financial position date.


STP Equipment Limited (Registered number: 06133607)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 145,000
AMORTISATION
At 1 October 2022
and 30 September 2023 145,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

STP Equipment Limited (Registered number: 06133607)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 395,412 59,930 17,581 1,190 474,113
Additions - - - 225 225
At 30 September 2023 395,412 59,930 17,581 1,415 474,338
DEPRECIATION
At 1 October 2022 - 53,509 11,646 298 65,453
Charge for year - 1,284 1,484 279 3,047
At 30 September 2023 - 54,793 13,130 577 68,500
NET BOOK VALUE
At 30 September 2023 395,412 5,137 4,451 838 405,838
At 30 September 2022 395,412 6,421 5,935 892 408,660

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 450,000
Revaluations (15,000 )
At 30 September 2023 435,000
NET BOOK VALUE
At 30 September 2023 435,000
At 30 September 2022 450,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2022 54,496
Valuation in 2023 (15,000 )
Cost 395,504
435,000

If the freehold property had not been revalued it would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 395,504 395,504

The investment property was valued on an open market basis on 30 September 2023 by Mr P Barnard - Director .

STP Equipment Limited (Registered number: 06133607)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 67,587 136,177
Other debtors 954 890
Prepayments 7,438 801
75,979 137,868

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 17,567 1,286
Tax 67,442 57,104
Social security and other taxes 902 1,128
VAT 24,493 25,892
Directors' current accounts 20,081 17,435
Deferred rental income 1,300 -
Accrued expenses 2,161 2,024
133,946 104,869

10. RESERVES
Revaluation
reserve
£   
At 1 October 2022 54,496
Revaluation surplus (15,000 )

At 30 September 2023 39,496