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REGISTERED NUMBER: 10906801 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STORK SOLUTIONS LIMITED

STORK SOLUTIONS LIMITED (REGISTERED NUMBER: 10906801)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STORK SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S Drury
Mrs E Drury





REGISTERED OFFICE: 6 Fortuna Court
Calleva Park
Aldermaston
Berkshire
RG7 8UB





REGISTERED NUMBER: 10906801 (England and Wales)






STORK SOLUTIONS LIMITED (REGISTERED NUMBER: 10906801)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 443,534 323,844

CURRENT ASSETS
Stocks 167,875 181,668
Debtors 6 102,337 172,712
Cash at bank 75,216 39,661
345,428 394,041
CREDITORS
Amounts falling due within one year 7 241,673 280,569
NET CURRENT ASSETS 103,755 113,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,289

437,316

CREDITORS
Amounts falling due after more than one
year

8

(213,358

)

(159,466

)

PROVISIONS FOR LIABILITIES (54,577 ) -
NET ASSETS 279,354 277,850

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 279,254 277,750
279,354 277,850

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:




Mr S Drury - Director


STORK SOLUTIONS LIMITED (REGISTERED NUMBER: 10906801)

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


1. STATUTORY INFORMATION

Stork 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. 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.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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

All fixed assets are initially recorded at cost.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

STORK SOLUTIONS LIMITED (REGISTERED NUMBER: 10906801)

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


3. 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 232,895 57,101 11,114
Additions - 167,725 3,426
At 31 December 2023 232,895 224,826 14,540
DEPRECIATION
At 1 January 2023 3,112 12,302 2,165
Charge for year 4,658 37,872 2,610
At 31 December 2023 7,770 50,174 4,775
NET BOOK VALUE
At 31 December 2023 225,125 174,652 9,765
At 31 December 2022 229,783 44,799 8,949

STORK SOLUTIONS LIMITED (REGISTERED NUMBER: 10906801)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 41,354 22,172 364,636
Additions - 5,104 176,255
At 31 December 2023 41,354 27,276 540,891
DEPRECIATION
At 1 January 2023 12,293 10,920 40,792
Charge for year 7,265 4,160 56,565
At 31 December 2023 19,558 15,080 97,357
NET BOOK VALUE
At 31 December 2023 21,796 12,196 443,534
At 31 December 2022 29,061 11,252 323,844

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 63,681 159,925
Other debtors 38,656 8,747
102,337 168,672

Amounts falling due after more than one year:
Other debtors - 4,040

Aggregate amounts 102,337 172,712

Included in other debtors is £2,896 (2022: £747) in relation to prepayments and accrued income.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,615 2,971
Hire purchase contracts 42,196 7,489
Trade creditors 100,077 205,158
Taxation and social security 33,706 50,407
Other creditors 63,079 14,544
241,673 280,569

Included in other creditors is £3,850 (2022: £3,670) in relation to accruals and deferred income.

STORK SOLUTIONS LIMITED (REGISTERED NUMBER: 10906801)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 74,798 14,353
Other creditors 138,560 145,113
213,358 159,466