Company registration number 07305647 (England and Wales)
STB SAFETY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
STB SAFETY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
STB SAFETY LTD
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
1,211
Current assets
Debtors
5
95
4,463
Cash at bank and in hand
17,015
39,181
17,110
43,644
Creditors: amounts falling due within one year
6
(3,101)
(6,349)
Net current assets
14,009
37,295
Total assets less current liabilities
14,009
38,506
Provisions for liabilities
-
0
(303)
Net assets
14,009
38,203
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
14,008
38,202
Total equity
14,009
38,203

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 4 September 2024
S T Brydon
Director
Company Registration No. 07305647
STB SAFETY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

STB Safety Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 89 Albemarle Avenue, Gosport, Hampshire, United Kingdom, PO12 4HS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown inclusive of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Turnover is recognised on the date the invoice is raised for regular customers and at completion of the assignment for non reoccurring work.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% reducing balance
Computers
15% reducing balance and 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

STB SAFETY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 August 2023
7,749
8,680
16,429
Disposals
(7,749)
(8,680)
(16,429)
At 31 July 2024
-
0
-
0
-
0
Depreciation and impairment
At 1 August 2023
7,316
7,902
15,218
Depreciation charged in the year
65
117
182
Eliminated in respect of disposals
(7,381)
(8,019)
(15,400)
At 31 July 2024
-
0
-
0
-
0
Carrying amount
At 31 July 2024
-
0
-
0
-
0
At 31 July 2023
433
778
1,211
STB SAFETY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
3,891
Other debtors
95
572
95
4,463
6
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
536
2,477
Other taxation and social security
(4)
(2)
Other creditors
2,569
3,874
3,101
6,349
2024-07-312023-08-01false04 September 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityS T BrydonS A Brydonfalsefalse073056472023-08-012024-07-31073056472024-07-31073056472023-07-3107305647core:FurnitureFittings2024-07-3107305647core:ComputerEquipment2024-07-3107305647core:FurnitureFittings2023-07-3107305647core:ComputerEquipment2023-07-3107305647core:CurrentFinancialInstrumentscore:WithinOneYear2024-07-3107305647core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3107305647core:CurrentFinancialInstruments2024-07-3107305647core:CurrentFinancialInstruments2023-07-3107305647core:ShareCapital2024-07-3107305647core:ShareCapital2023-07-3107305647core:RetainedEarningsAccumulatedLosses2024-07-3107305647core:RetainedEarningsAccumulatedLosses2023-07-3107305647bus:Director12023-08-012024-07-3107305647core:FurnitureFittings2023-08-012024-07-3107305647core:ComputerEquipment2023-08-012024-07-31073056472022-08-012023-07-3107305647core:FurnitureFittings2023-07-3107305647core:ComputerEquipment2023-07-31073056472023-07-3107305647core:WithinOneYear2024-07-3107305647core:WithinOneYear2023-07-3107305647bus:PrivateLimitedCompanyLtd2023-08-012024-07-3107305647bus:SmallCompaniesRegimeForAccounts2023-08-012024-07-3107305647bus:FRS1022023-08-012024-07-3107305647bus:AuditExemptWithAccountantsReport2023-08-012024-07-3107305647bus:CompanySecretary12023-08-012024-07-3107305647bus:FullAccounts2023-08-012024-07-31xbrli:purexbrli:sharesiso4217:GBP