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REGISTERED NUMBER: 14092476 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

ST Power Ltd

ST Power Ltd (Registered number: 14092476)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ST Power Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: S J Evans





REGISTERED OFFICE: 26 Turnpike Crescent
Ivybridge
Devon
PL21 0GH





REGISTERED NUMBER: 14092476 (England and Wales)





ACCOUNTANTS: Ardor Business Solutions Limited
Chartered Certified Accountants
Unit 1
Shrine Barn
Sanding Road
Hythe
Kent
CT21 4HE

ST Power Ltd (Registered number: 14092476)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,282 4,346

CURRENT ASSETS
Debtors 5 14,306 21,387
Cash at bank 16,491 9,537
30,797 30,924
CREDITORS
Amounts falling due within one year 6 15,253 13,100
NET CURRENT ASSETS 15,544 17,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,826

22,170

CREDITORS
Amounts falling due after more than one
year

7

(16,306

)

-

PROVISIONS FOR LIABILITIES (4,994 ) (1,087 )
NET ASSETS 20,526 21,083

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 20,525 21,082
SHAREHOLDERS' FUNDS 20,526 21,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ST Power Ltd (Registered number: 14092476)

Balance Sheet - continued
31 May 2024


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 director and authorised for issue on 14 August 2024 and were signed by:





S J Evans - Director


ST Power Ltd (Registered number: 14092476)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

ST Power Ltd 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

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.

ST Power Ltd (Registered number: 14092476)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 5,512 - 316 5,828
Additions - 30,064 789 30,853
At 31 May 2024 5,512 30,064 1,105 36,681
DEPRECIATION
At 1 June 2023 1,378 - 104 1,482
Charge for year 1,034 7,516 367 8,917
At 31 May 2024 2,412 7,516 471 10,399
NET BOOK VALUE
At 31 May 2024 3,100 22,548 634 26,282
At 31 May 2023 4,134 - 212 4,346

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 30,064
At 31 May 2024 30,064
DEPRECIATION
Charge for year 7,516
At 31 May 2024 7,516
NET BOOK VALUE
At 31 May 2024 22,548

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 4,860 -
Other debtors 6,981 20,070
VAT 2,465 1,317
14,306 21,387

ST Power Ltd (Registered number: 14092476)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Hire purchase contracts 5,017 -
Trade creditors 119 -
Tax 7,034 10,318
Social security and other taxes 483 -
Other creditors 2,433 2,782
Directors' current accounts 167 -
15,253 13,100

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Hire purchase contracts 16,306 -

8. ULTIMATE CONTROLLING PARTY

The controlling party is S J Evans.