Registration number:
Standway Limited
for the Year Ended 30 April 2024
Standway Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Standway Limited
Company Information
Director: |
Mr G B Duncan |
Registered office: |
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Registered number: |
09578319 |
Accountants: |
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Standway Limited
(Registration number: 09578319)
Balance Sheet as at 30 April 2024
Note |
30.04.24 |
30.04.23 |
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£ |
£ |
£ |
£ |
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FIXED ASSETS |
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Tangible assets |
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CURRENT ASSETS |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
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Creditors within 1yr |
8,203 |
2,500 |
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Net current assets |
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Net assets |
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CAPITAL AND RESERVES |
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Called up share capital |
1 |
1 |
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Profit and loss account |
16,576 |
7,861 |
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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:
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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
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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:
England
These financial statements were authorised for issue by the
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
Standway Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)
4. |
Tangible assets |
Plant and machinery |
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Cost or valuation |
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At 1 May 2023 |
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At 30 April 2024 |
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Depreciation |
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At 1 May 2023 |
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Charge for the year |
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At 30 April 2024 |
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Carrying amount |
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At 30 April 2024 |
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At 30 April 2023 |
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5. |
Debtors |
Current |
Note |
30.04.24 |
30.04.23 |
Amounts owed by related parties |
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6. |
Creditors |
Creditors: amounts falling due within one year
30.04.24 |
30.04.23 |
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Due within one year |
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Taxation and social security |
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- |
Accruals and deferred income |
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Other creditors |
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- |
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7. |
Parent and ultimate parent undertaking |
The ultimate parent is