Company Registration No. 10839977 (England and Wales)
Structural Timber Design Services Ltd
Unaudited accounts
for the year ended 31 May 2023
Structural Timber Design Services Ltd
Unaudited accounts
Contents
Structural Timber Design Services Ltd
Company Information
for the year ended 31 May 2023
Company Number
10839977 (England and Wales)
Registered Office
432 Gloucester Road
Horfield
Bristol
BS7 8TX
Accountants
Evans Entwistle
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Structural Timber Design Services Ltd
for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Structural Timber Design Services Ltd for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
9 February 2023
Structural Timber Design Services Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
15,790
16,472
Creditors: amounts falling due within one year
(2,500)
(5,054)
Net current assets
16,629
17,628
Total assets less current liabilities
16,796
18,339
Creditors: amounts falling due after more than one year
(27,325)
(24,949)
Provisions for liabilities
Net liabilities
(10,561)
(6,745)
Called up share capital
2
2
Profit and loss account
(10,563)
(6,747)
Shareholders' funds
(10,561)
(6,745)
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 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 9 February 2024 and were signed on its behalf by
Andrew Best
Director
Company Registration No. 10839977
Structural Timber Design Services Ltd
Notes to the Accounts
for the year ended 31 May 2023
Structural Timber Design Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 10839977. The registered office is 432 Gloucester Road, Horfield, Bristol, BS7 8TX.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
5 years straight line
Fixtures & fittings
4 years straight line
In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Structural Timber Design Services Ltd
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
2,883
5,702
8,585
At 31 May 2023
2,883
5,702
8,585
At 1 June 2022
2,172
5,702
7,874
Charge for the year
544
-
544
At 31 May 2023
2,716
5,702
8,418
Amounts falling due within one year
Accrued income and prepayments
680
928
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
1,956
Other creditors
1,177
1,841
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
27,325
24,949
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Structural Timber Design Services Ltd
Notes to the Accounts
for the year ended 31 May 2023
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).