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REGISTERED NUMBER: SC240410 (Scotland)















R Stanger Limited

Financial Statements For The Year Ended 31 December 2023






R Stanger Limited (Registered number: SC240410)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R Stanger Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: G Stanger
Mrs J C Stanger



SECRETARY: Mrs J C Stanger



REGISTERED OFFICE: Brin Novan
Evie
Orkney
KW17 2NJ



REGISTERED NUMBER: SC240410 (Scotland)



ACCOUNTANTS: The Long Partnership
Chartered Accountants
Chartered Tax Advisers
1 Castle Street
Kirkwall
Orkney
KW15 1HD



BANKERS: The Royal Bank of Scotland
1 Victoria Street
Kirkwall
Orkney
KW15 1DP

R Stanger Limited (Registered number: SC240410)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 473,898 623,513
473,898 623,513

CURRENT ASSETS
Stocks 41,410 39,627
Debtors 6 52,327 98,980
Cash at bank 9,514 -
103,251 138,607
CREDITORS
Amounts falling due within one year 7 134,271 178,400
NET CURRENT LIABILITIES (31,020 ) (39,793 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,878

583,720

CREDITORS
Amounts falling due after more than one
year

8

(15,829

)

(37,136

)

PROVISIONS FOR LIABILITIES (41,331 ) (41,331 )
NET ASSETS 385,718 505,253

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 385,618 505,153
SHAREHOLDERS' FUNDS 385,718 505,253

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

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

R Stanger Limited (Registered number: SC240410)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





G Stanger - Director


R Stanger Limited (Registered number: SC240410)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

R Stanger Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 10 (2022 - 12 ) .

R Stanger Limited (Registered number: SC240410)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 60,000
AMORTISATION
At 1 January 2023
and 31 December 2023 60,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Land and
buildings Equipment Totals
£    £    £   
COST
At 1 January 2023 419,072 674,304 1,093,376
Additions - 7,239 7,239
Disposals (104,768 ) - (104,768 )
At 31 December 2023 314,304 681,543 995,847
DEPRECIATION
At 1 January 2023 - 469,863 469,863
Charge for year - 52,086 52,086
At 31 December 2023 - 521,949 521,949
NET BOOK VALUE
At 31 December 2023 314,304 159,594 473,898
At 31 December 2022 419,072 204,441 623,513

R Stanger Limited (Registered number: SC240410)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Equipment
£   
COST
At 1 January 2023 226,311
Transfer to ownership (14,743 )
At 31 December 2023 211,568
DEPRECIATION
At 1 January 2023 112,656
Charge for year 28,413
Transfer to ownership (7,394 )
At 31 December 2023 133,675
NET BOOK VALUE
At 31 December 2023 77,893
At 31 December 2022 113,655

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 22,640 45,487
Uncompleted contracts 25,445 27,649
Other debtors 4,242 18,441
VAT - 7,403
52,327 98,980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 63,065
Other loans 20,000 -
Hire purchase contracts 11,417 30,220
Trade creditors 16,492 29,056
Social security and other taxes 1,171 900
VAT 17,229 -
Sundry creditors 3,479 11,878
Directors' current accounts 45,000 25,000
Accruals and deferred income 9,483 18,281
134,271 178,400

R Stanger Limited (Registered number: SC240410)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,931 24,821
Hire purchase contracts 898 12,315
15,829 37,136

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdraft - 53,065
Bank loans 24,931 34,821
24,931 87,886

The bank loan is secured by a bond and floating charge over the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 January 2023 505,153
Deficit for the year (99,535 )
Dividends (20,000 )
At 31 December 2023 385,618

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G & J Stanger.