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Registered number: 4122343
Stafford Aero Technologies Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 4122343
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 157,173 161,441
157,173 161,441
CURRENT ASSETS
Debtors 5 18,592 6,840
Cash at bank and in hand 253,964 213,637
272,556 220,477
Creditors: Amounts Falling Due Within One Year 6 (55,156 ) (41,631 )
NET CURRENT ASSETS (LIABILITIES) 217,400 178,846
TOTAL ASSETS LESS CURRENT LIABILITIES 374,573 340,287
Creditors: Amounts Falling Due After More Than One Year 7 (921 ) -
NET ASSETS 373,652 340,287
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 373,650 340,285
SHAREHOLDERS' FUNDS 373,652 340,287
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Kenneth Noble
Director
28th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Stafford Aero Technologies Ltd Registered number 4122343 is a limited by shares company incorporated in England & Wales. The Registered Office is 4 Chalk Hill House, 19 Rosary Road, Norwich, NR1 1SZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 137,929 6,605 75,929 220,463
Additions - - 2,146 2,146
As at 31 January 2024 137,929 6,605 78,075 222,609
Depreciation
As at 1 February 2023 - 5,618 53,404 59,022
Provided during the period - 246 6,168 6,414
As at 31 January 2024 - 5,864 59,572 65,436
Net Book Value
As at 31 January 2024 137,929 741 18,503 157,173
As at 1 February 2023 137,929 987 22,525 161,441
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,482 3,100
Prepayments and accrued income 110 459
18,592 3,559
Due after more than one year
Directors loan account - 3,281
18,592 6,840
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,389 3,029
Corporation tax 21,716 19,264
VAT 21,068 18,840
Other creditors 983 498
55,156 41,631
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 921 -
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.000 each 2 2
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Richard Kenneth Noble 39,000 39,000
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 39,000 39,000
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr R Noble by virtue of his ownership of 100% of the issued share capital in the company.
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