Company Registration No. 05680205 (England and Wales)
STAINLESS ENGINEERING LTD
Unaudited accounts
for the year ended 30 November 2023
STAINLESS ENGINEERING LTD
Unaudited accounts
Contents
STAINLESS ENGINEERING LTD
Company Information
for the year ended 30 November 2023
Company Number
05680205 (England and Wales)
Registered Office
32 LOW HALL ROAD HORSFORTH
LEEDS
WEST YORKSHIRE
LS18 4EF
Accountants
Keith Parish
14 The Oval
Farsley
Leeds
LS28 5FH
STAINLESS ENGINEERING LTD
Statement of financial position
as at 30 November 2023
Tangible assets
27,784
9,674
Cash at bank and in hand
49,347
53,123
Creditors: amounts falling due within one year
(15,139)
(21,225)
Net current assets
39,865
31,898
Total assets less current liabilities
67,649
41,572
Creditors: amounts falling due after more than one year
(9,152)
(13,912)
Called up share capital
100
100
Profit and loss account
58,397
27,560
Shareholders' funds
58,497
27,660
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 August 2024 and were signed on its behalf by
James Wilkinson
Director
Company Registration No. 05680205
STAINLESS ENGINEERING LTD
Notes to the Accounts
for the year ended 30 November 2023
STAINLESS ENGINEERING LTD is a private company, limited by shares, registered in England and Wales, registration number 05680205. The registered office is 32 LOW HALL ROAD HORSFORTH, LEEDS, WEST YORKSHIRE, LS18 4EF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
30,685
26,434
4,367
61,486
Additions
-
20,583
-
20,583
At 30 November 2023
30,685
46,037
4,367
81,089
At 1 December 2022
23,793
23,904
4,115
51,812
Charge for the year
1,241
-
252
1,493
At 30 November 2023
25,034
23,904
4,367
53,305
At 30 November 2023
5,651
22,133
-
27,784
At 30 November 2022
6,892
2,530
252
9,674
STAINLESS ENGINEERING LTD
Notes to the Accounts
for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,760
11,544
Obligations under finance leases and hire purchase contracts
-
3,328
Taxes and social security
6,428
472
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 7 (2022: 7).