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Registration number: 09578319

Standway Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Standway Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Standway Limited

Company Information

Director:

Mr G B Duncan

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

09578319

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Standway Limited

(Registration number: 09578319)
Balance Sheet as at 30 April 2024

Note

30.04.24

30.04.23

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

230

 

750

CURRENT ASSETS

   

 

Debtors

5

6,361

 

9,130

 

Cash at bank and in hand

 

18,189

 

482

 

 

24,550

 

9,612

 

CREDITORS

   

 

Creditors within 1yr

6

8,203

 

2,500

 

Net current assets

   

16,347

 

7,112

Net assets

   

16,577

 

7,862

CAPITAL AND RESERVES

   

 

Called up share capital

 

1

 

1

Profit and loss account

 

16,576

 

7,861

Shareholders' funds

   

16,577

 

7,862

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 October 2024

.........................................
Mr G B Duncan
Director

 

Standway Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1.

General information

The company is a private company limited by share capital, incorporated in England & Wales .

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 24 October 2024.

2.

Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 presentational currency is Pound Sterling (£).

Summary of disclosure exemptions

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group..

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Standway Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Tax

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.

Tangible assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Standway Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

4.

Tangible assets

Plant and machinery
£

Cost or valuation

At 1 May 2023

4,962

At 30 April 2024

4,962

Depreciation

At 1 May 2023

4,212

Charge for the year

520

At 30 April 2024

4,732

Carrying amount

At 30 April 2024

230

At 30 April 2023

750

5.

Debtors

Current

Note

30.04.24
£

30.04.23
£

Amounts owed by related parties

6,361

9,130

   

6,361

9,130

6.

Creditors

Creditors: amounts falling due within one year

30.04.24
£

30.04.23
£

Due within one year

Taxation and social security

2,531

-

Accruals and deferred income

4,279

2,500

Other creditors

1,393

-

8,203

2,500

7.

Parent and ultimate parent undertaking

The ultimate parent is Zanex Associates Limited, incorporated in England and Wales.