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REGISTERED NUMBER: 00684018 (England and Wales)














Financial Statements for the Year Ended 28 February 2024

for

Stantone Mechanical Handling Limited

Stantone Mechanical Handling Limited (Registered number: 00684018)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stantone Mechanical Handling Limited

Company Information
for the Year Ended 28 February 2024







DIRECTORS: N R Martin
Mrs L D Martin





REGISTERED OFFICE: Unit 3
Rothersthorpe Avenue
Northampton
NN4 8JW





REGISTERED NUMBER: 00684018 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

Stantone Mechanical Handling Limited (Registered number: 00684018)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 216,540 214,848
216,540 214,848

CURRENT ASSETS
Stocks 17,708 42,678
Debtors 6 445,543 472,768
Cash at bank 225,296 200,880
688,547 716,326
CREDITORS
Amounts falling due within one year 7 342,624 412,878
NET CURRENT ASSETS 345,923 303,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

562,463

518,296

CREDITORS
Amounts falling due after more than one year 8 (16,190 ) (78,155 )

PROVISIONS FOR LIABILITIES (53,031 ) (40,821 )
NET ASSETS 493,242 399,320

Stantone Mechanical Handling Limited (Registered number: 00684018)

Balance Sheet - continued
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 125 125
Share premium 22,777 22,777
Capital redemption reserve 8,225 8,225
Retained earnings 462,115 368,193
SHAREHOLDERS' FUNDS 493,242 399,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 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.

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 13 September 2024 and were signed on its behalf by:





N R Martin - Director


Stantone Mechanical Handling Limited (Registered number: 00684018)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Stantone Mechanical Handling Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.
Plant and machinery etc - 25% on cost, 20% on cost and 10% on cost

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.

Stantone Mechanical Handling Limited (Registered number: 00684018)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 28 February 2024 22,399
AMORTISATION
At 1 March 2023
and 28 February 2024 22,399
NET BOOK VALUE
At 28 February 2024 -
At 28 February 2023 -

Stantone Mechanical Handling Limited (Registered number: 00684018)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 620,056
Additions 123,506
Disposals (85,208 )
At 28 February 2024 658,354
DEPRECIATION
At 1 March 2023 405,208
Charge for year 88,700
Eliminated on disposal (52,094 )
At 28 February 2024 441,814
NET BOOK VALUE
At 28 February 2024 216,540
At 28 February 2023 214,848

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 209,985 239,688
Other debtors 235,558 233,080
445,543 472,768

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 107,513 103,251
Hire purchase contracts 17,389 46,586
Trade creditors 79,640 189,131
Taxation and social security 119,507 62,556
Other creditors 18,575 11,354
342,624 412,878

Stantone Mechanical Handling Limited (Registered number: 00684018)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans - 10,886
Hire purchase contracts 16,190 67,269
16,190 78,155