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REGISTERED NUMBER: 04736405 (England and Wales)




















STM AGENCY LIMITED

Unaudited Financial Statements

for the Year Ended 30 April 2024






STM AGENCY LIMITED (REGISTERED NUMBER: 04736405)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STM AGENCY LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P Marshall
R J Stafford BA (Hons) FCA
S N Frater
J D Miller
S B Rowlands
L J Sheridan





SECRETARY: R J Stafford BA (Hons) FCA





REGISTERED OFFICE: 3 The Studios
320 Chorley Old Road
Bolton
Lancashire
BL1 4JU





REGISTERED NUMBER: 04736405 (England and Wales)





ACCOUNTANTS: SCCA Limited T/a Stafford & Co
Chartered Accountants
3 The Studios
320 Chorley Old Road
Bolton
Lancashire
BL1 4JU

STM AGENCY LIMITED (REGISTERED NUMBER: 04736405)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,117 3,691
Tangible assets 5 126,497 87,313
Investments 6 6,402 6,402
134,016 97,406

CURRENT ASSETS
Stocks 118,136 259,567
Debtors 7 1,029,317 653,113
Cash at bank 348,437 282,967
1,495,890 1,195,647
CREDITORS
Amounts falling due within one year 8 1,016,621 761,829
NET CURRENT ASSETS 479,269 433,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,285

531,224

CREDITORS
Amounts falling due after more than one
year

9

(60,009

)

(108,413

)

PROVISIONS FOR LIABILITIES (25,355 ) -
NET ASSETS 527,921 422,811

CAPITAL AND RESERVES
Called up share capital 115 115
Share premium 5,940 5,940
Retained earnings 521,866 416,756
SHAREHOLDERS' FUNDS 527,921 422,811

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

STM AGENCY LIMITED (REGISTERED NUMBER: 04736405)

Balance Sheet - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:




R J Stafford BA (Hons) FCA - Director



P Marshall - Director


STM AGENCY LIMITED (REGISTERED NUMBER: 04736405)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

STM Agency 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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.

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 - 25% reducing balance, 25% straight line and 20% reducing balance

Work in progress
Work in progress is stated at recoverable amount which is initially valued by reference to charge out rates. The policy is not to recognise value which is not recoverable.Work in progress is regularly reviewed and irrecoverable amounts are written off. If the recoverability of work is doubtful a provision is included in the financial statements.

Recoverability is subjective, based on the knowledge of the client and the details of the client assignment along with the age of the work in progress.

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.


STM AGENCY LIMITED (REGISTERED NUMBER: 04736405)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023 283,051 769 283,820
Additions - 442 442
At 30 April 2024 283,051 1,211 284,262
AMORTISATION
At 1 May 2023 280,035 94 280,129
Charge for year 3,016 - 3,016
At 30 April 2024 283,051 94 283,145
NET BOOK VALUE
At 30 April 2024 - 1,117 1,117
At 30 April 2023 3,016 675 3,691

STM AGENCY LIMITED (REGISTERED NUMBER: 04736405)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 545,617
Additions 65,016
Disposals (4,784 )
At 30 April 2024 605,849
DEPRECIATION
At 1 May 2023 458,304
Charge for year 25,832
Eliminated on disposal (4,784 )
At 30 April 2024 479,352
NET BOOK VALUE
At 30 April 2024 126,497
At 30 April 2023 87,313

The net book value of tangible fixed assets includes £NIL in respect of assets held under hire purchase contracts or finance leases.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 6,402
NET BOOK VALUE
At 30 April 2024 6,402
At 30 April 2023 6,402

The unlisted fixed assets investment represents a 10% shareholding in Pure Food and Beverage Company Limited - a company registered in the UK with the company number 06755370.

The listed fixed asset investments represents a shareholding in Pets at Home Group plc.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 787,597 562,004
Amounts owed by group undertakings 167,394 49,034
Other debtors 74,326 42,075
1,029,317 653,113

STM AGENCY LIMITED (REGISTERED NUMBER: 04736405)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 38,475 35,526
Trade creditors 152,654 176,243
Amounts owed to group undertakings 153,659 100,190
Taxation and social security 161,989 91,369
Other creditors 509,844 358,501
1,016,621 761,829

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 60,009 108,413

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 98,484 143,939

The Royal Bank of Scotland cashflow finance liability is secured against the trade debtors of the company.

Santander UK PLC hold a fixed and floating charge details of which can be found at Companies House.

11. PENSION COMMITMENTS

At the balance sheet date, amounts were due to the companies defined contribution pension scheme of 2024 - £15,691 (2023 - £10,043).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
O Zebedee-Howard
Balance outstanding at start of year 427 (340 )
Amounts advanced - 3,017
Amounts repaid (427 ) (2,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 427

STM AGENCY LIMITED (REGISTERED NUMBER: 04736405)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J Ayton
Balance outstanding at start of year (1,813 ) (9,513 )
Amounts advanced 1,813 8,000
Amounts repaid - (300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (1,813 )

P Marshall
Balance outstanding at start of year 1,770 1,582
Amounts advanced - 1,770
Amounts repaid (1,770 ) (1,582 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,770

13. ULTIMATE CONTROLLING PARTY

The controlling party is STMGRP Ltd.