S & T ENTERPRISES LIMITED

Company Registration Number:
07028101 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

S & T ENTERPRISES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

S & T ENTERPRISES LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 50,865 63,581
Tangible assets: 4 780,742 695,806
Investments: 5 78,042 78,042
Total fixed assets: 909,649 837,429
Current assets
Stocks: 524,605 537,253
Debtors: 6 332,946 135,978
Cash at bank and in hand: 266,632 155,576
Total current assets: 1,124,183 828,807
Creditors: amounts falling due within one year: 7 (981,190) (522,619)
Net current assets (liabilities): 142,993 306,188
Total assets less current liabilities: 1,052,642 1,143,617
Creditors: amounts falling due after more than one year:   (464,334) (641,300)
Total net assets (liabilities): 588,308 502,317
Capital and reserves
Called up share capital: 5,000 5,000
Profit and loss account: 583,308 497,317
Shareholders funds: 588,308 502,317

The notes form part of these financial statements

S & T ENTERPRISES LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 November 2024
and signed on behalf of the board by:

Name: AKANDE, Olusegun Shadrack
Status: Director

The notes form part of these financial statements

S & T ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

S & T ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 48 48

S & T ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 84,774
At 31 December 2023 84,774
Amortisation
At 01 January 2023 21,193
Charge for year 12,716
At 31 December 2023 33,909
Net book value
At 31 December 2023 50,865
At 31 December 2022 63,581

S & T ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 695,806
Additions 96,794
At 31 December 2023 792,600
Depreciation
At 01 January 2023 0
Charge for year 11,858
At 31 December 2023 11,858
Net book value
At 31 December 2023 780,742
At 31 December 2022 695,806

S & T ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

S & T ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

S & T ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.