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REGISTERED NUMBER: 04067902 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

STALCOM AUTOMOTIVE TECHNOLOGIES
LIMITED

STALCOM AUTOMOTIVE TECHNOLOGIES
LIMITED (REGISTERED NUMBER: 04067902)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STALCOM AUTOMOTIVE TECHNOLOGIES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr R R Mustard
Mr N Yates





REGISTERED OFFICE: Unit 4 Abbey View Business Park
Abbey View Road
Pinvin
Pershore
Worcestershire
WR102FW





REGISTERED NUMBER: 04067902 (England and Wales)

STALCOM AUTOMOTIVE TECHNOLOGIES
LIMITED (REGISTERED NUMBER: 04067902)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,946 21,560
Tangible assets 5 13,082 16,735
37,028 38,295

CURRENT ASSETS
Stocks 12,468 12,468
Debtors 6 7,044 36,415
Cash at bank 1,799 9,020
21,311 57,903
CREDITORS
Amounts falling due within one year 7 373,663 396,189
NET CURRENT LIABILITIES (352,352 ) (338,286 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(315,324

)

(299,991

)

CREDITORS
Amounts falling due after more than one year 8 27,097 33,571
NET LIABILITIES (342,421 ) (333,562 )

STALCOM AUTOMOTIVE TECHNOLOGIES
LIMITED (REGISTERED NUMBER: 04067902)

BALANCE SHEET - continued
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 501 501
Share premium 71,999 71,999
Retained earnings (414,921 ) (406,062 )
SHAREHOLDERS' FUNDS (342,421 ) (333,562 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





Mr R R Mustard - Director


STALCOM AUTOMOTIVE TECHNOLOGIES
LIMITED (REGISTERED NUMBER: 04067902)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Stalcom Automotive Technologies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. It is recognised at the point the consultancy is undertaken or where goods are supplied to the end customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


STALCOM AUTOMOTIVE TECHNOLOGIES
LIMITED (REGISTERED NUMBER: 04067902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Going concern
During the year ended 30 September 2024, the company incurred a loss for the year of £8,859 and had net liabilities at that date of £342,421.

The director considers the going concern basis to be appropriate due to the availability of support from the company's parent undertaking (including that undertaking not requesting repayment of any amounts owed to them by the company whilst any other creditors of the company remain unpaid, except to the extent that the company is able to discharge all its debts and liabilities as they fall due) and other mitigating actions that can be taken during that period.

The financial statements do not reflect any adjustments that would be necessary should the going concern basis not be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

STALCOM AUTOMOTIVE TECHNOLOGIES
LIMITED (REGISTERED NUMBER: 04067902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 October 2023 29,017
Additions 6,114
At 30 September 2024 35,131
AMORTISATION
At 1 October 2023 7,457
Amortisation for year 3,728
At 30 September 2024 11,185
NET BOOK VALUE
At 30 September 2024 23,946
At 30 September 2023 21,560

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 120,414 11,423 37,538 169,375
Additions 1,108 - - 1,108
At 30 September 2024 121,522 11,423 37,538 170,483
DEPRECIATION
At 1 October 2023 104,562 10,722 37,356 152,640
Charge for year 4,345 321 95 4,761
At 30 September 2024 108,907 11,043 37,451 157,401
NET BOOK VALUE
At 30 September 2024 12,615 380 87 13,082
At 30 September 2023 15,852 701 182 16,735

STALCOM AUTOMOTIVE TECHNOLOGIES
LIMITED (REGISTERED NUMBER: 04067902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,025
Other debtors 7,044 35,390
7,044 36,415

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,751 6,250
Trade creditors 10,107 11,274
Amounts owed to group undertakings 323,033 337,573
Taxation and social security - 907
Other creditors 33,772 40,185
373,663 396,189

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 27,097 33,571

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 33,848 39,821

The bank loans are secured on the property of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end an amount of £10,000 (2023 : £Nil) was owing to Mr RR Mustard, a director and shareholder of the company. The amount is interest free with no fixed terms of repayment.