Company Registration No. 03396783 (England and Wales)
Stanway Engineering Limited
Unaudited accounts
for the year ended 31 July 2023
Stanway Engineering Limited
Unaudited accounts
Contents
Stanway Engineering Limited
Company Information
for the year ended 31 July 2023
Directors
Sean Stanway
Stuart Bolton
Company Number
03396783 (England and Wales)
Registered Office
Unit 14A, Chingford Industrial Estate
Hall Lane
London
E4 8DJ
United Kingdom
Accountants
Geppert & Co
PO Box 9938
Epping
Essex
CM16 9BF
Stanway Engineering Limited
Statement of financial position
as at 31 July 2023
Tangible assets
280,081
85,485
Cash at bank and in hand
12,667
2,642
Creditors: amounts falling due within one year
(296,612)
(198,394)
Net current liabilities
(129,340)
(70,420)
Total assets less current liabilities
150,741
15,065
Creditors: amounts falling due after more than one year
(494,080)
(221,578)
Net liabilities
(343,339)
(206,513)
Called up share capital
100
100
Profit and loss account
(343,439)
(206,613)
Shareholders' funds
(343,339)
(206,513)
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
Sean Stanway
Director
Company Registration No. 03396783
Stanway Engineering Limited
Notes to the Accounts
for the year ended 31 July 2023
Stanway Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 03396783. The registered office is Unit 14A, Chingford Industrial Estate, Hall Lane, London, E4 8DJ, United Kingdom.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation is provided
Plant & machinery
25% on reducing balance
Motor vehicles
20% on reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
29,238
117,728
41,210
188,176
Additions
-
270,600
7,000
277,600
At 31 July 2023
29,238
388,328
48,210
465,776
At 1 August 2022
-
63,630
39,061
102,691
Charge for the year
-
81,174
1,830
83,004
At 31 July 2023
-
144,804
40,891
185,695
At 31 July 2023
29,238
243,524
7,319
280,081
At 31 July 2022
29,238
54,098
2,149
85,485
Stanway Engineering Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
62,610
10,599
Other debtors
1,750
27,803
Amounts falling due after more than one year
Trade debtors
18,960
18,960
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
3,290
Trade creditors
71,027
52,237
Taxes and social security
23,563
25,695
Other creditors
26,163
26,163
Loans from directors
172,359
87,509
7
Creditors: amounts falling due after more than one year
2023
2022
Trade creditors
394,145
147,651
Other creditors
16,000
6,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).