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REGISTERED NUMBER: 06442810 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

S T ENGINEERING LIMITED

S T ENGINEERING LIMITED (REGISTERED NUMBER: 06442810)






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


S T ENGINEERING LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: R S Thompson
M E Fazey





SECRETARY: Mrs E Thompson





REGISTERED OFFICE: St Christophers Green
Haslemere
Surrey
GU27 1DG





REGISTERED NUMBER: 06442810 (England and Wales)





ACCOUNTANTS: A & N (Haslemere) Limited
Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA

S T ENGINEERING LIMITED (REGISTERED NUMBER: 06442810)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 56,174 63,476
56,174 63,476

CURRENT ASSETS
Stocks 5 2,800 4,799
Debtors 6 104,384 71,366
Cash at bank and in hand 22,279 26,947
129,463 103,112
CREDITORS
Amounts falling due within one year 7 103,470 88,139
NET CURRENT ASSETS 25,993 14,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,167

78,449

CREDITORS
Amounts falling due after more than one
year

8

-

(14,961

)

PROVISIONS FOR LIABILITIES (7,382 ) (10,196 )
NET ASSETS 74,785 53,292

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 74,685 53,192
SHAREHOLDERS' FUNDS 74,785 53,292

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.

S T ENGINEERING LIMITED (REGISTERED NUMBER: 06442810)

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 3 September 2024 and were signed on its behalf by:





R S Thompson - Director


S T ENGINEERING LIMITED (REGISTERED NUMBER: 06442810)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. 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 0, is being amortised evenly over its estimated useful life of nil 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.
Freehold property - 10% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer 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.

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.

S T ENGINEERING LIMITED (REGISTERED NUMBER: 06442810)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 35,000
AMORTISATION
At 1 January 2023
and 31 December 2023 35,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 52,310 106,788 23,933 27,429 210,460
Additions - 2,046 20,000 2,791 24,837
At 31 December 2023 52,310 108,834 43,933 30,220 235,297
DEPRECIATION
At 1 January 2023 42,052 74,719 7,564 22,649 146,984
Charge for year 10,258 11,201 8,787 1,893 32,139
At 31 December 2023 52,310 85,920 16,351 24,542 179,123
NET BOOK VALUE
At 31 December 2023 - 22,914 27,582 5,678 56,174
At 31 December 2022 10,258 32,069 16,369 4,780 63,476

S T ENGINEERING LIMITED (REGISTERED NUMBER: 06442810)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 22,778
DEPRECIATION
At 1 January 2023 1,982
Charge for year 5,694
At 31 December 2023 7,676
NET BOOK VALUE
At 31 December 2023 15,102
At 31 December 2022 20,796

5. STOCKS
31.12.23 31.12.22
as restated
£    £   
Stocks 2,800 4,799

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade debtors 8,746 26,863
Amounts owed by group undertakings 94,365 40,715
Prepayments 1,273 3,788
104,384 71,366

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Hire purchase contracts 17,865 8,649
Trade creditors 36,562 40,067
Tax 12,993 1,215
Social security and other taxes 10,013 8,765
VAT 23,702 22,252
Other creditors 136 1,460
Accrued expenses 2,199 5,731
103,470 88,139

S T ENGINEERING LIMITED (REGISTERED NUMBER: 06442810)

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
as restated
£    £   
Hire purchase contracts - 14,961

9. CALLED UP SHARE CAPITAL

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