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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
Page
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Structural Timber Design Services Ltd Company Information for the year ended 31 May 2023
Director
Andrew Best
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
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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
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Structural Timber Design Services Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
167 
711 
Current assets
Inventories
600 
350 
Debtors
2,739 
5,860 
Cash at bank and in hand
15,790 
16,472 
19,129 
22,682 
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
Deferred tax
(32)
(135)
Net liabilities
(10,561)
(6,745)
Capital and reserves
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
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Structural Timber Design Services Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Work In progress
In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
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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 
Depreciation
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 
Net book value
At 31 May 2023
167 
- 
167 
At 31 May 2022
711 
- 
711 
5
Inventories
2023 
2022 
£ 
£ 
Work in progress
600 
350 
600 
350 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,657 
3,427 
Accrued income and prepayments
680 
928 
Other debtors
402 
1,505 
2,739 
5,860 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
1,956 
Other creditors
1,177 
1,841 
Accruals
1,323 
1,257 
2,500 
5,054 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
27,325 
24,949 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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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).
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