Company registration number: 04233889
Unaudited financial statements
for the year ended 29 February 2024
for
S & T Services Ltd
Pages for filing with the Registrar
Company registration number: 04233889
S & T Services Ltd
Balance sheet
as at 29 February 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 61,461 43,246
61,461 43,246
Current assets
Stocks 400 400
Debtors 54,474 33,965
Cash at bank and in hand 13,329 1,946
68,203 36,311
Creditors: amounts falling due within
one year
(73,715) (42,657)
Net current liabilities (5,512) (6,346)
Total assets less current liabilities 55,949 36,900
Provisions for liabilities (15,365) (8,217)
NET ASSETS 40,584 28,683
Capital and reserves
Called up share capital 4 4
Profit and loss account 40,580 28,679
TOTAL EQUITY 40,584 28,683
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 29 February 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04233889
S & T Services Ltd
Balance sheet - continued
as at 29 February 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 5 July 2024 and signed on its behalf by:
Mr D Eades, Director
5 July 2024
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S & T Services Ltd
Notes to the financial statements
for the year ended 29 February 2024
1 Company information
The company is registered in England and Wales. Its registered number is 04233889. The company is limited by shares. Its registered office is Broadlands Walcot Lane, Drakes Broughton, Pershore, WR10 2AL.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 etc.:
Plant and machinery - 15% reducing balance
Motor vehicles - 25% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3
S & T Services Ltd
Notes to the financial statements - continued
for the year ended 29 February 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably 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 lossover the relevant period. The capital element of the future payments is treated as a liability.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 March 2023 91,297
Additions 42,150
Disposals (36,100)
At 29 February 2024 97,347
4
S & T Services Ltd
Notes to the financial statements - continued
for the year ended 29 February 2024
4 Tangible fixed assets - continued
Depreciation
At 1 March 2023 48,051
Charge for year 8,705
Eliminated on disposal (20,870)
At 29 February 2024 35,886
Net book value
At 29 February 2024 61,461
At 28 February 2023 43,246
5 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023.
2024 2023
£ £
Mr David Stuart Eades
Amounts advanced 8,970 -
Balance outstanding at end of year 8,970 -
2024 2023
£ £
Mrs Nicola Anne Eades
Amounts advanced 4,190 -
Balance outstanding at end of year 4,190 -
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