Stauff Anglia Limited 05673586 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is the distribution of hydraulic equipment and ancilaries. Digita Accounts Production Advanced 6.30.9574.0 true true 05673586 2023-02-01 2024-01-31 05673586 2024-01-31 05673586 core:RetainedEarningsAccumulatedLosses 2024-01-31 05673586 core:ShareCapital 2024-01-31 05673586 core:CurrentFinancialInstruments 2024-01-31 05673586 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 05673586 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 05673586 core:FurnitureFittings 2024-01-31 05673586 core:MotorVehicles 2024-01-31 05673586 core:OtherPropertyPlantEquipment 2024-01-31 05673586 core:PlantMachinery 2024-01-31 05673586 bus:SmallEntities 2023-02-01 2024-01-31 05673586 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 05673586 bus:FullAccounts 2023-02-01 2024-01-31 05673586 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05673586 bus:Director1 2023-02-01 2024-01-31 05673586 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05673586 core:ComputerEquipment 2023-02-01 2024-01-31 05673586 core:FurnitureFittings 2023-02-01 2024-01-31 05673586 core:MotorVehicles 2023-02-01 2024-01-31 05673586 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 05673586 core:PlantMachinery 2023-02-01 2024-01-31 05673586 countries:England 2023-02-01 2024-01-31 05673586 2023-01-31 05673586 core:FurnitureFittings 2023-01-31 05673586 core:MotorVehicles 2023-01-31 05673586 core:OtherPropertyPlantEquipment 2023-01-31 05673586 core:PlantMachinery 2023-01-31 05673586 2022-02-01 2023-01-31 05673586 2023-01-31 05673586 core:RetainedEarningsAccumulatedLosses 2023-01-31 05673586 core:ShareCapital 2023-01-31 05673586 core:CurrentFinancialInstruments 2023-01-31 05673586 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 05673586 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 05673586 core:FurnitureFittings 2023-01-31 05673586 core:MotorVehicles 2023-01-31 05673586 core:OtherPropertyPlantEquipment 2023-01-31 05673586 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 05673586

Stauff Anglia Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Stauff Anglia Limited

(Registration number: 05673586)

Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

35,272

34,571

Current assets

 

Stocks

209,252

229,210

Debtors

4

244,601

310,258

Cash at bank and in hand

 

92,516

27,370

 

546,369

566,838

Creditors: Amounts falling due within one year

5

(380,886)

(438,875)

Net current assets

 

165,483

127,963

Total assets less current liabilities

 

200,755

162,534

Creditors: Amounts falling due after more than one year

5

(10,500)

(17,500)

Provisions for liabilities

(3,000)

(2,600)

Net assets

 

187,255

142,434

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

187,253

142,432

Shareholders' funds

 

187,255

142,434

 

Stauff Anglia Limited

(Registration number: 05673586)

Balance Sheet as at 31 January 2024 (continued)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 4 October 2024 and signed on its behalf by:
 

.........................................

K Rodgers
Director

 

Stauff Anglia Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

Accounting policies

Statutory information

Stauff Anglia Limited is a private company, limited by shares, domiciled in England and Wales, company number 05673586. The registered office is at Unit 405, Copper Smith Way, Wymondham, NR18 0WY.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales value added tax, returns, rebates and discounts. Revenue is recognised on despatch of goods, once it is deemed that the risks and rewards of ownership are passed onto the consumer.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Stauff Anglia Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

1

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% straight line

Fixtures and fittings

15% straight line

Computer equipment

20% straight line

Motor vehicles

20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

 
 

 

Stauff Anglia Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 8).

3

Tangible assets

Plant and machinery
£

Computer equipment
 £

Furniture, fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

27,795

24,239

9,712

59,311

121,057

Additions

-

491

1,179

9,970

11,640

Disposals

-

(5,043)

-

(5,250)

(10,293)

At 31 January 2024

27,795

19,687

10,891

64,031

122,404

Depreciation

At 1 February 2023

23,362

19,786

7,979

35,359

86,486

Charge for the year

806

1,829

493

7,811

10,939

Eliminated on disposal

-

(5,043)

-

(5,250)

(10,293)

At 31 January 2024

24,168

16,572

8,472

37,920

87,132

Carrying amount

At 31 January 2024

3,627

3,115

2,419

26,111

35,272

At 31 January 2023

4,433

4,453

1,733

23,952

34,571

4

Debtors

2024
£

2023
£

Trade debtors

243,902

303,155

Prepayments

699

7,103

244,601

310,258

 

Stauff Anglia Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

5

Creditors

2024
£

2023
£

Due within one year

Bank loan

7,000

7,000

Trade creditors

306,028

369,454

Taxation and social security

50,233

41,854

Other creditors

5,768

8,526

Accruals

11,857

12,041

380,886

438,875

Due after one year

Bank loan

10,500

17,500

6

Financial commitments, guarantees and contingencies

Operating leases

As at the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining term of those leases of £48,108 (2023 - £88,302).

7

Related party transactions

Transactions with directors

During the year the directors received advances in excess of dividends credited of £2,741 (2023: net repayments of £8,012). At the year end date the balance due from the company was £2,870 (2023: £5,611).