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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
Page
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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
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Stanway Engineering Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
280,081 
85,485 
Current assets
Inventories
56,591 
56,591 
Debtors
98,014 
68,741 
Cash at bank and in hand
12,667 
2,642 
167,272 
127,974 
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)
Capital and reserves
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
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Stanway Engineering Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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 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 
Depreciation
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 
Net book value
At 31 July 2023
29,238 
243,524 
7,319 
280,081 
At 31 July 2022
29,238 
54,098 
2,149 
85,485 
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Stanway Engineering Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
14,694 
11,379 
Trade debtors
62,610 
10,599 
Other debtors
1,750 
27,803 
79,054 
49,781 
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 
Accruals
3,500 
3,500 
296,612 
198,394 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
83,935 
67,927 
Trade creditors
394,145 
147,651 
Other creditors
16,000 
6,000 
494,080 
221,578 
8
Share capital
2023 
2022 
£ 
£ 
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).
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