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REGISTERED NUMBER: 04465241 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

STL TECHNOLOGY SOLUTIONS LIMITED

STL TECHNOLOGY SOLUTIONS LIMITED (REGISTERED NUMBER: 04465241)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


STL TECHNOLOGY SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: T A R Dobie
I P Durkin
M A Vasey



SECRETARY: T A R Dobie



REGISTERED OFFICE: Unit 7
Arkwright Court
Commercial Road
Darwen
BB3 OFG



REGISTERED NUMBER: 04465241 (England and Wales)



ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ



BANKERS: The Royal Bank of Scotland plc
40 The Rock
Bury
BL9 0NX

STL TECHNOLOGY SOLUTIONS LIMITED (REGISTERED NUMBER: 04465241)

ABRIDGED BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 80,600 106,288
Tangible assets 5 6,999 10,766
87,599 117,054

CURRENT ASSETS
Stocks 24,550 55,034
Debtors 394,553 381,336
Investments 175,887 176,355
Cash at bank and in hand 323,883 390,771
918,873 1,003,496
CREDITORS
Amounts falling due within one year 677,486 803,268
NET CURRENT ASSETS 241,387 200,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,986

317,282

CREDITORS
Amounts falling due after more than one
year

(14,937

)

(24,837

)

PROVISIONS FOR LIABILITIES (21,819 ) (28,204 )
NET ASSETS 292,230 264,241

CAPITAL AND RESERVES
Called up share capital 6 202,506 202,506
Share premium 200,422 200,422
Retained earnings (110,698 ) (138,687 )
SHAREHOLDERS' FUNDS 292,230 264,241

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

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

STL TECHNOLOGY SOLUTIONS LIMITED (REGISTERED NUMBER: 04465241)

ABRIDGED BALANCE SHEET - continued
31ST DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 30th April 2024 and were signed on its behalf by:





T A R Dobie - Director


STL TECHNOLOGY SOLUTIONS LIMITED (REGISTERED NUMBER: 04465241)

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

1. STATUTORY INFORMATION

STL Technology 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. 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
Revenue, described as turnover, represents the value of goods and services, excluding value added tax, provided to customers during the year.

Purchased software and intellectual property
Purchased software and intellectual property were amortised over their respective expected useful lives of five and ten years.

Development costs
Software development costs are capitalised and carried forward until the relevant product starts being commercially sold. The costs are being amortised over five to ten years.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Sales demonstration kits - 50% on cost
Fixtures and fittings - 25% on cost
Office equipment - 25% on cost
Computer equipment - 33% on 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 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 balance sheet date.


STL TECHNOLOGY SOLUTIONS LIMITED (REGISTERED NUMBER: 04465241)

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

2. ACCOUNTING POLICIES - continued
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.

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 18 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 484,846
Disposals (3,000 )
At 31st December 2023 481,846
AMORTISATION
At 1st January 2023 378,558
Amortisation for year 25,688
Eliminated on disposal (3,000 )
At 31st December 2023 401,246
NET BOOK VALUE

At 31st December 2023 80,600
At 31st December 2022 106,288

STL TECHNOLOGY SOLUTIONS LIMITED (REGISTERED NUMBER: 04465241)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 38,922
Additions 4,200
Disposals (30,648 )
At 31st December 2023 12,474
DEPRECIATION
At 1st January 2023 28,156
Charge for year 7,900
Eliminated on disposal (30,581 )
At 31st December 2023 5,475
NET BOOK VALUE
At 31st December 2023 6,999
At 31st December 2022 10,766

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20,250,587 Ordinary .01 202,506 202,506

7. OTHER FINANCIAL COMMITMENTS

At 31st December 2023 the company had future obligations under operating leases totalling £97,500 of which £30,000 is due within one year.

8. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by the directors of the parent company, STL Technology Solutions Holdings Limited, registered in England, who own the majority of the shares in that company.