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REGISTERED NUMBER: 01396089 (England and Wales)















STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: S D Stansfield
R Stansfield
D P Kingham





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200-204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 01396089 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 316,016 261,865

CURRENT ASSETS
Stocks 114,668 120,703
Debtors 5 392,354 214,121
Cash at bank and in hand 164,458 110,816
671,480 445,640
CREDITORS
Amounts falling due within one year 6 752,049 456,271
NET CURRENT LIABILITIES (80,569 ) (10,631 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,447

251,234

CREDITORS
Amounts falling due after more than one
year

7

(116,143

)

(128,768

)

PROVISIONS FOR LIABILITIES 9 (29,018 ) (34,004 )
NET ASSETS 90,286 88,462

CAPITAL AND RESERVES
Called up share capital 10 2,590 2,590
Share premium 15,660 15,660
Fair value reserve 11 56,757 58,635
Retained earnings 15,279 11,577
SHAREHOLDERS' FUNDS 90,286 88,462

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

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

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





R Stansfield - Director


STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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


1. STATUTORY INFORMATION

Stansfield Auto Electrical Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on reducing balance and 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on 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.

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 17 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 250,000 28,679 44,304 48,023 371,006
Additions - 23,177 - 57,510 80,687
At 31 October 2023 250,000 51,856 44,304 105,533 451,693
DEPRECIATION
At 1 November 2022 37,500 19,112 43,900 8,629 109,141
Charge for year 5,000 10,389 101 11,046 26,536
At 31 October 2023 42,500 29,501 44,001 19,675 135,677
NET BOOK VALUE
At 31 October 2023 207,500 22,355 303 85,858 316,016
At 31 October 2022 212,500 9,567 404 39,394 261,865

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 18,000 57,510 75,510
At 31 October 2023 18,000 57,510 75,510
DEPRECIATION
Charge for year 5,475 1,198 6,673
At 31 October 2023 5,475 1,198 6,673
NET BOOK VALUE
At 31 October 2023 12,525 56,312 68,837

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 173,508 135,964
Directors' current accounts 74,036 76,676
Prepayments and accrued income 144,810 1,481
392,354 214,121

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 8) 42,906 38,829
Hire purchase contracts and finance leases 33,812 15,209
Trade creditors 299,630 219,024
Corporation tax 57,351 29,613
Social security and other taxes 14,263 36,014
VAT 30,687 23,504
Invoice discounting advances 151,389 76,722
Accrued expenses 122,011 17,356
752,049 456,271

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 8) 71,766 108,489
Hire purchase contracts and finance leases 44,377 20,279
116,143 128,768

8. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 5,553 -
Bank loans 37,353 38,829
42,906 38,829

Amounts falling due between one and two years:
Bank loans - 1-2 years 37,818 39,819

Amounts falling due between two and five years:
Bank loans - 2-5 years 33,948 68,670

9. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 29,018 34,004

Deferred
tax
£   
Balance at 1 November 2022 34,004
Credit to Income Statement during year (4,986 )
Balance at 31 October 2023 29,018

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2,050 Ordinary shares of £1 £1 2,050 2,050
270 £1 "A" ordinary £1 270 270
135 £1 "B" ordinary £1 135 135
135 £1 "C" ordinary £1 135 135
2,590 2,590

11. RESERVES
Fair
value
reserve
£   
At 1 November 2022 58,635
Movement in year (1,878 )

At 31 October 2023 56,757

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 October 2023 and the period ended 31 October 2022:

31.10.23 31.10.22
£    £   
S D Stansfield
Balance outstanding at start of year 33,363 48,780
Amounts repaid (611 ) (15,417 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,752 33,363

R Stansfield
Balance outstanding at start of year 33,363 49,131
Amounts repaid (611 ) (15,768 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,752 33,363

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

D P Kingham
Balance outstanding at start of year 9,950 9,956
Amounts repaid (1,418 ) (6 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,532 9,950