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REGISTERED NUMBER: 09328520 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Standard Group Of Companies Ltd.

Standard Group Of Companies Ltd. (Registered number: 09328520)






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


Standard Group Of Companies Ltd.

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr A Roddis





REGISTERED OFFICE: 27 Newton Vale
Chapeltown
Sheffield
S35 2YL





REGISTERED NUMBER: 09328520 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Standard Group Of Companies Ltd. (Registered number: 09328520)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,688 45,647

CURRENT ASSETS
Stocks 36,399 10,642
Debtors 5 47,520 34,211
Cash at bank 2,427 5,988
86,346 50,841
CREDITORS
Amounts falling due within one year 6 113,682 13,482
NET CURRENT (LIABILITIES)/ASSETS (27,336 ) 37,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,352

83,006

CREDITORS
Amounts falling due after more than
one year

7

(5,970

)

(7,664

)

PROVISIONS FOR LIABILITIES 8 (19,321 ) (8,673 )
NET ASSETS 49,061 66,669

Standard Group Of Companies Ltd. (Registered number: 09328520)

Balance Sheet - continued
31 May 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 48,961 66,569
SHAREHOLDERS' FUNDS 49,061 66,669

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.

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 30 July 2024 and were signed by:





Mr A Roddis - Director


Standard Group Of Companies Ltd. (Registered number: 09328520)

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

1. STATUTORY INFORMATION

Standard Group Of Companies 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.
Plant and machinery - 20% on reducing balance basis
Fixtures and fittings - 15% on reducing balance basis
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Standard Group Of Companies Ltd. (Registered number: 09328520)

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

2. ACCOUNTING POLICIES - continued
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
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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 71,473
Additions 65,592
At 31 May 2024 137,065
DEPRECIATION
At 1 June 2023 25,826
Charge for year 9,551
At 31 May 2024 35,377
NET BOOK VALUE
At 31 May 2024 101,688
At 31 May 2023 45,647

Standard Group Of Companies Ltd. (Registered number: 09328520)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,941 22,949
Other debtors 22,579 11,262
47,520 34,211

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,150 2,150
Taxation and social security 2,145 (8,180 )
Other creditors 109,387 19,512
113,682 13,482

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,970 7,664

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 19,321 8,673

Deferred
tax
£   
Balance at 1 June 2023 8,673
Provided during year 10,648
Balance at 31 May 2024 19,321