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Company Registration No. 08216978 (England and Wales)
Stanthorne Ltd Unaudited accounts for the year ended 31 December 2023
Stanthorne Ltd Unaudited accounts Contents
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Stanthorne Ltd Company Information for the year ended 31 December 2023
Director
Mark Guterman
Company Number
08216978 (England and Wales)
Registered Office
3RD FLOOR THE PINNACLE 73 KING STREET MANCHESTER M2 4NG UNITED KINGDOM
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Stanthorne Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
4,530,781 
3,476,564 
Debtors
3,603,309 
2,857,096 
Cash at bank and in hand
153,894 
93,316 
8,287,984 
6,426,976 
Creditors: amounts falling due within one year
(4,820,891)
(3,407,403)
Net current assets
3,467,093 
3,019,573 
Total assets less current liabilities
3,467,093 
3,019,573 
Creditors: amounts falling due after more than one year
(5,563,249)
(4,382,753)
Net liabilities
(2,096,156)
(1,363,180)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,096,256)
(1,363,280)
Shareholders' funds
(2,096,156)
(1,363,180)
For the year ending 31 December 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 11 September 2024 and were signed on its behalf by
Mark Guterman Director Company Registration No. 08216978
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Stanthorne Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Stanthorne Ltd is a private company, limited by shares, registered in England and Wales, registration number 08216978. The registered office is 3RD FLOOR THE PINNACLE, 73 KING STREET, MANCHESTER, M2 4NG, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Stanthorne Ltd Notes to the Accounts for the year ended 31 December 2023
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
486,427 
314,778 
Other debtors
3,116,882 
2,542,318 
3,603,309 
2,857,096 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
4,989 
4,989 
Trade creditors
62,832 
52,707 
Amounts owed to group undertakings and other participating interests
68,258 
82,248 
Taxes and social security
26,627 
- 
Other creditors
4,653,175 
3,233,210 
Loans from directors
5,010 
31,654 
Accruals
- 
2,595 
4,820,891 
3,407,403 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,835 
13,630 
Other creditors
5,556,414 
4,369,123 
5,563,249 
4,382,753 
7
Transactions with related parties
Ensco 1162 Limited: Included in other debtors is an amount owing from Ensco 1162 Limited of £571,857 (2022: £418,779) Ensco 1174 Limited: Included in other debtors is an amount owing from Ensco 1174 Limited of £365,609 (2022: £183,303) Stanthorne (Penrith) Limited: Included in other debtors is an amount owing from Stanthorne (Penrith) Limited of £1,311,523 (2022: £1,156,762) Stanthorne (Tarporely) Limited: Included in other debtors is an amount owing from Stanthorne (Tarporely) Limited of £762,360 (2022: £537,375) Stanthorne (Polmont) Limited: Included in other creditors is an amount owing from Stanthorne (Polmont) Limited of £34,676 (2022: £41,442) Stanthorne (Currie) Limited: Included in other creditors is an amount owing from Stanthorne (Currie) Limited of £33,582 (2022: £39,902)
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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