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REGISTERED NUMBER: 03776537 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Stam Construction Limited

Stam Construction Limited (Registered number: 03776537)






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


Stam Construction Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: T J Mahony





REGISTERED OFFICE: 3 - 5 College Street
Nottingham
NG1 5AQ





REGISTERED NUMBER: 03776537 (England and Wales)

Stam Construction Limited (Registered number: 03776537)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,300 17,000
Tangible assets 5 84,528 12,990
99,828 29,990

CURRENT ASSETS
Stocks 70,000 70,000
Debtors 6 1,162,116 342,142
Cash at bank and in hand 645,947 248,898
1,878,063 661,040
CREDITORS
Amounts falling due within one year 7 1,099,115 350,155
NET CURRENT ASSETS 778,948 310,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

878,776

340,875

CREDITORS
Amounts falling due after more than one
year

8

(530,000

)

-

PROVISIONS FOR LIABILITIES (12,528 ) (127,490 )
NET ASSETS 336,248 213,385

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 336,244 213,381
SHAREHOLDERS' FUNDS 336,248 213,385

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 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.

Stam Construction Limited (Registered number: 03776537)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2024 and were signed by:





T J Mahony - Director


Stam Construction Limited (Registered number: 03776537)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Stam Construction 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery20% reducing balance
Fixtures & fittings20% reducing balance
Motor vehicles25% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Stam Construction Limited (Registered number: 03776537)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 17,000
AMORTISATION
Charge for year 1,700
At 31 May 2023 1,700
NET BOOK VALUE
At 31 May 2023 15,300
At 31 May 2022 17,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2022 47,680 37,612 33,482 118,774
Additions 24,628 1,595 55,612 81,835
At 31 May 2023 72,308 39,207 89,094 200,609
DEPRECIATION
At 1 June 2022 41,864 30,438 33,482 105,784
Charge for year 2,160 1,547 6,590 10,297
At 31 May 2023 44,024 31,985 40,072 116,081
NET BOOK VALUE
At 31 May 2023 28,284 7,222 49,022 84,528
At 31 May 2022 5,816 7,174 - 12,990

Stam Construction Limited (Registered number: 03776537)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts recoverable on contract 893,976 233,999
Other debtors 268,140 108,143
1,162,116 342,142

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 916,401 310,235
Taxation and social security 5,030 6,194
Other creditors 177,684 33,726
1,099,115 350,155

Amounts owed to group undertakings are interest free and repayable on demand

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 530,000 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 21,137 22,879
Between one and five years 35,333 14,353
56,470 37,232

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary 1 4 4

Stam Construction Limited (Registered number: 03776537)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
T J Mahony
Balance outstanding at start of year - 250
Amounts advanced 17,496 -
Amounts repaid - (250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,496 -

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mahcon Holdings Limited.