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REGISTERED NUMBER: 06777118 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Stourbridge Turning & Grinding
(Holdings) Limited

Stourbridge Turning & Grinding
(Holdings) Limited (Registered number: 06777118)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stourbridge Turning & Grinding
(Holdings) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G E Pargeter
P H Pargeter





SECRETARY: G E Pargeter





REGISTERED OFFICE: Bays 1, 2 and 3
Rufford Road
Stourbridge
West Midlands
DY9 7NE





REGISTERED NUMBER: 06777118 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Stourbridge Turning & Grinding
(Holdings) Limited (Registered number: 06777118)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 79,534
Investments 5 104 104
104 79,638

CURRENT ASSETS
Debtors 6 1,882,454 1,452,769
Cash at bank 69,514 132,472
1,951,968 1,585,241
CREDITORS
Amounts falling due within one year 7 35,237 30,409
NET CURRENT ASSETS 1,916,731 1,554,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,916,835

1,634,470

PROVISIONS FOR LIABILITIES - 15,110
NET ASSETS 1,916,835 1,619,360

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 1,916,731 1,619,256
SHAREHOLDERS' FUNDS 1,916,835 1,619,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 23 July 2024 and were signed on its behalf by:




G E Pargeter - Director


Stourbridge Turning & Grinding
(Holdings) Limited (Registered number: 06777118)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Stourbridge Turning & Grinding (Holdings) 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.

Preparation of consolidated financial statements
The financial statements contain information about Stourbridge Turning & Grinding (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery - 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 3 (2023 - 3 ) .

Stourbridge Turning & Grinding
(Holdings) Limited (Registered number: 06777118)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 277,267
Disposals (277,267 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 197,733
Charge for year 17,480
Eliminated on disposal (215,213 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 79,534

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 104
NET BOOK VALUE
At 31 March 2024 104
At 31 March 2023 104

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,882,454 1,452,769

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 17,921 19,025
Other creditors 17,316 11,384
35,237 30,409

8. RELATED PARTY DISCLOSURES

At the year end there was a balance due to the directors of £12,571 (2023: £9,026).

At 31 March 2024 the amount due from P & G Investments (Midlands) Limited was £1,700,000 (2023: £1,200,000). This company has common shareholders.