STS DEFENCE LIMITED

Company Registration Number:
03193298 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 July 2023

End date: 31 December 2023

STS DEFENCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

STS DEFENCE LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 31 December 2023

Kevin Hilton
Jonathan Bowley
Trevor Middleton
Ben Stancliffe
Sarah Clough
Alexander Hagemann


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 August 2024

And signed on behalf of the board by:
Name: Ben Stancliffe
Status: Director

STS DEFENCE LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

31 December 2023 30 June 2023


£

£
Turnover: 11,787,450 27,533,818
Cost of sales: ( 8,256,182 ) ( 18,864,174 )
Gross profit(or loss): 3,531,268 8,669,644
Distribution costs: ( 48,328 ) ( 240,597 )
Administrative expenses: ( 2,378,449 ) ( 4,277,638 )
Other operating income: 2,288 6,245
Operating profit(or loss): 1,106,779 4,157,654
Interest receivable and similar income: 813 534
Interest payable and similar charges: ( 14,998 ) ( 156 )
Profit(or loss) before tax: 1,092,594 4,158,032
Tax: ( 273,617 ) ( 597,222 )
Profit(or loss) for the financial year: 818,977 3,560,810

STS DEFENCE LIMITED

Balance sheet

As at 31 December 2023

Notes 31 December 2023 30 June 2023


£

£
Fixed assets
Intangible assets: 3 0 72,880
Tangible assets: 4 508,956 446,151
Total fixed assets: 508,956 519,031
Current assets
Stocks: 5 2,064,466 1,714,807
Debtors: 6 10,238,923 11,024,918
Cash at bank and in hand: 1,668,658 1,982,974
Total current assets: 13,972,047 14,722,699
Creditors: amounts falling due within one year: 7 ( 6,070,007 ) ( 7,662,704 )
Net current assets (liabilities): 7,902,040 7,059,995
Total assets less current liabilities: 8,410,996 7,579,026
Provision for liabilities: ( 35,140 ) ( 22,147 )
Total net assets (liabilities): 8,375,856 7,556,879
Capital and reserves
Called up share capital: 164,000 164,000
Share premium account: 214,492 214,492
Profit and loss account: 7,997,364 7,178,387
Total Shareholders' funds: 8,375,856 7,556,879

The notes form part of these financial statements

STS DEFENCE LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 20 August 2024
and signed on behalf of the board by:

Name: Ben Stancliffe
Status: Director

The notes form part of these financial statements

STS DEFENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

STS DEFENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    31 December 2023 30 June 2023
    Average number of employees during the period 157 158

STS DEFENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 July 2023 256,227 800,872 1,057,099
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 256,227 800,872 1,057,099
Amortisation
At 1 July 2023 183,347 800,872 984,219
Charge for year 72,880 72,880
On disposals
Other adjustments
At 31 December 2023 256,227 800,872 1,057,099
Net book value
At 31 December 2023 0 0 0
At 30 June 2023 72,880 0 72,880

STS DEFENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 549,797 1,499,110 1,110,742 13,000 3,172,649
Additions 112,919 23,803 136,722
Disposals
Revaluations
Transfers
At 31 December 2023 549,797 1,612,029 1,134,545 13,000 3,309,371
Depreciation
At 1 July 2023 224,391 1,426,585 1,062,522 13,000 2,726,498
Charge for year 39,489 16,000 18,428 73,917
On disposals
Other adjustments
At 31 December 2023 263,880 1,442,585 1,080,950 13,000 2,800,415
Net book value
At 31 December 2023 285,917 169,444 53,595 0 508,956
At 30 June 2023 325,406 72,525 48,220 0 446,151

STS DEFENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Stocks

31 December 2023 30 June 2023
£ £
Stocks 2,064,466 1,714,807
Total 2,064,466 1,714,807

STS DEFENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

31 December 2023 30 June 2023
£ £
Trade debtors 3,087,806 4,556,502
Prepayments and accrued income 455,855 526,633
Other debtors 6,695,262 5,941,783
Total 10,238,923 11,024,918
Debtors due after more than one year: 6,692,053 5,912,090

STS DEFENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

31 December 2023 30 June 2023
£ £
Trade creditors 2,631,250 3,249,019
Taxation and social security 429,078 620,937
Accruals and deferred income 724,988 857,586
Other creditors 2,284,691 2,935,162
Total 6,070,007 7,662,704