Company registration number 04679741 (England and Wales)
STERIBAR SYSTEMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
STERIBAR SYSTEMS LIMITED
COMPANY INFORMATION
Directors
Mr R P Byng
Mr G M Clynes
Mrs E M Clynes
Company number
04679741
Registered office
Unit 3 Navigation Court Waterside
Hanbury Road
Stoke Prior
Bromsgrove
Worcestershire
B60 4FD
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds bank
Ariel House
2138 Coventry Road
Sheldon
Birmingham
B26 3JW
STERIBAR SYSTEMS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
STERIBAR SYSTEMS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STERIBAR SYSTEMS LIMITED FOR THE YEAR ENDED 29 APRIL 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Steribar Systems Limited for the year ended 29 April 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Steribar Systems Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Steribar Systems Limited and state those matters that we have agreed to state to the board of directors of Steribar Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Steribar Systems Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Steribar Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Steribar Systems Limited. You consider that Steribar Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Steribar Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
27 January 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
STERIBAR SYSTEMS LIMITED
BALANCE SHEET
AS AT 29 APRIL 2024
29 April 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
41,205
42,592
Current assets
Stocks
60,980
61,712
Debtors
4
346,472
205,855
Cash at bank and in hand
4
58,860
407,456
326,427
Creditors: amounts falling due within one year
5
(314,201)
(228,592)
Net current assets
93,255
97,835
Total assets less current liabilities
134,460
140,427
Creditors: amounts falling due after more than one year
6
(28,241)
(33,745)
Provisions for liabilities
8
(6,476)
(6,019)
Net assets
99,743
100,663
Capital and reserves
Called up share capital
9
64
64
Profit and loss reserves
99,679
100,599
Total equity
99,743
100,663

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 29 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

STERIBAR SYSTEMS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 29 APRIL 2024
29 April 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 27 January 2025 and are signed on its behalf by:
Mr R P Byng
Mr G M Clynes
Director
Director
Company registration number 04679741 (England and Wales)
STERIBAR SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024
- 4 -
1
Accounting policies
Company information

Steribar Systems Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3 Navigation Court Waterside, Hanbury Road, Stoke Prior, Bromsgrove, Worcestershire, B60 4FD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
Not provided
Plant and machinery
20% on reducing balance
Fixtures and fittings
20% on reducing balance
Office equipment
33% on cost

No depreciation is provided on improvements to property. This treatment may be a departure from the requirements of Companies Act 2006 concerning depreciation of fixed assets, however, the company follows a program of regular refurbishment and maintenance of its properties, which includes the reinstatement of the fabric of the buildings where necessary in order to maintain them to a high standard. Accordingly, in the opinion of the directors, any element of depreciation would be immaterial and no provision has been made, as the residual value would be in excess of cost.

STERIBAR SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

STERIBAR SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
9
7
3
Tangible fixed assets
Improvements to property
Plant and machinery
Fixtures and fittings
Office equipment
Total
£
£
£
£
£
Cost
At 30 April 2023
13,699
4,003
30,160
72,905
120,767
Additions
-
0
1,219
1,885
10,132
13,236
At 29 April 2024
13,699
5,222
32,045
83,037
134,003
Depreciation and impairment
At 30 April 2023
-
0
2,372
12,395
63,408
78,175
Depreciation charged in the year
-
0
570
3,930
10,123
14,623
At 29 April 2024
-
0
2,942
16,325
73,531
92,798
Carrying amount
At 29 April 2024
13,699
2,280
15,720
9,506
41,205
At 29 April 2023
13,699
1,631
17,765
9,497
42,592
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
94,687
45,128
Amounts owed by group undertakings
220,898
136,969
Other debtors
30,887
23,758
346,472
205,855
STERIBAR SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2024
- 7 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
8,858
5,606
Trade creditors
36,098
43,234
Taxation and social security
116,546
74,185
Other creditors
152,699
105,567
314,201
228,592
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
28,241
33,745
7
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank overdrafts
3,302
-
0
Bank loans
33,797
39,351
37,099
39,351
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
6,476
6,019
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of 10p each
600
600
60
60
Ordinary B of £1 each
1
1
1
1
Ordinary C of £1 each
1
1
1
1
Ordinary D of £1 each
1
1
1
1
Ordinary E of £1 each
1
1
1
1
604
604
64
64
STERIBAR SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2024
- 8 -
10
Related party transactions

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.

11
Control

Ultimate parent company

The ultimate parent company is Steribar Holdings Limited, a company registered in England and Wales.

Ultimate controlling party

The ultimate controlling party is Mr G M Clynes and Mrs E M Clynes, by virtue of their controlling interest in the ultimate parent company.

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