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REGISTERED NUMBER: 04637223 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

STT LTD

STT LTD (REGISTERED NUMBER: 04637223)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R T M Howarth Jones
Mrs A L Howarth Jones





SECRETARY: Mrs A L Howarth Jones





REGISTERED OFFICE: 32 The Square
Gillingham
Dorset
SP8 4AR





REGISTERED NUMBER: 04637223 (England and Wales)





ACCOUNTANTS: Andrews and Palmer
Chartered Accountants
32 The Square
Gillingham
Dorset
SP8 4AR

STT LTD (REGISTERED NUMBER: 04637223)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,410,835 2,680,667
Investments 5 100 100
2,410,935 2,680,767

CURRENT ASSETS
Debtors 6 197,270 240,371
Cash at bank 76,779 130,988
274,049 371,359
CREDITORS
Amounts falling due within one year 7 311,851 372,995
NET CURRENT LIABILITIES (37,802 ) (1,636 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,373,133

2,679,131

CREDITORS
Amounts falling due after more than one
year

8

(34,944

)

(516,553

)

PROVISIONS FOR LIABILITIES (602,709 ) (644,329 )
NET ASSETS 1,735,480 1,518,249

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,735,380 1,518,149
SHAREHOLDERS' FUNDS 1,735,480 1,518,249

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

STT LTD (REGISTERED NUMBER: 04637223)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 14 September 2024 and were signed on its behalf by:




Mrs A L Howarth Jones - Director



R T M Howarth Jones - Director


STT LTD (REGISTERED NUMBER: 04637223)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

STT 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax. Sales are recognised in the period in which goods are delivered or services are performed.

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 - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Fixed asset investments are stated at cost unless, in the opinion of the Directors, there has been an impairment, in which case an appropriate adjustment is made.

Financial instruments
Basic financial instruments are measured at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax.

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.

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 makes payments to the directors' pension funds. Contributions are charged to the profit and loss account when paid.

STT LTD (REGISTERED NUMBER: 04637223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 4,877,887
Additions 200,000
Disposals (45,000 )
At 31 March 2024 5,032,887
DEPRECIATION
At 1 April 2023 2,197,220
Charge for year 431,582
Eliminated on disposal (6,750 )
At 31 March 2024 2,622,052
NET BOOK VALUE
At 31 March 2024 2,410,835
At 31 March 2023 2,680,667

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 1,871,913
Transfer to ownership (1,139,710 )
At 31 March 2024 732,203
DEPRECIATION
At 1 April 2023 516,804
Charge for year 93,356
Transfer to ownership (406,974 )
At 31 March 2024 203,186
NET BOOK VALUE
At 31 March 2024 529,017
At 31 March 2023 1,355,109

STT LTD (REGISTERED NUMBER: 04637223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 180,788 189,680
Other debtors - 228
Directors' current accounts - 9,338
VAT 16,482 41,125
197,270 240,371

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 169,660 364,634
Trade creditors - 1,461
Tax 19,631 -
Directors' current accounts 115,662 -
Accrued expenses 6,898 6,900
311,851 372,995

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 34,944 516,553

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 33,393

STT LTD (REGISTERED NUMBER: 04637223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 204,604 881,187

Hire purchase contracts are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
R T M Howarth Jones and Mrs A L Howarth Jones
Balance outstanding at start of year 9,338 -
Amounts advanced - 9,338
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,338