Company Registration No. 08216978 (England and Wales)
Stanthorne Ltd
Unaudited accounts
for the year ended 31 December 2023
Stanthorne Ltd
Unaudited accounts
Contents
Stanthorne Ltd
Company Information
for the year ended 31 December 2023
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
Stanthorne Ltd
Statement of financial position
as at 31 December 2023
Inventories
4,530,781
3,476,564
Debtors
3,603,309
2,857,096
Cash at bank and in hand
153,894
93,316
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)
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
Stanthorne Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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 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 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.
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.
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.
Stanthorne Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Deferred tax asset
486,427
314,778
Other debtors
3,116,882
2,542,318
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
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
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).