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REGISTERED NUMBER: 02600286 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 April 2024

for

STD Developments Limited

STD Developments Limited (Registered number: 02600286)






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


STD Developments Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr C Stevens
Mr M J Cooper
Mr O W Stevens





SECRETARY: Ms L Stevens





REGISTERED OFFICE: Units 5-8, Second Avenue
Radnor Industrial Estate
Congleton
CW12 4XJ





REGISTERED NUMBER: 02600286 (England and Wales)





ACCOUNTANTS: BullockWoodburn Limited
Norfolk House
Hardwick Square North
Buxton
SK17 6PU

STD Developments Limited (Registered number: 02600286)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,311,050 1,220,538
Investments 5 314,048 308,379
1,625,098 1,528,917

CURRENT ASSETS
Stocks 18,600 20,684
Debtors 6 1,209,274 1,263,241
Cash at bank and in hand 635,274 950,867
1,863,148 2,234,792
CREDITORS
Amounts falling due within one year 7 (839,178 ) (980,673 )
NET CURRENT ASSETS 1,023,970 1,254,119
TOTAL ASSETS LESS CURRENT LIABILITIES 2,649,068 2,783,036

CREDITORS
Amounts falling due after more than one
year

8

(62,197

)

(36,232

)

PROVISIONS FOR LIABILITIES (140,402 ) (121,829 )
NET ASSETS 2,446,469 2,624,975

CAPITAL AND RESERVES
Called up share capital 108 108
Retained earnings 2,446,361 2,624,867
SHAREHOLDERS' FUNDS 2,446,469 2,624,975

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.

STD Developments Limited (Registered number: 02600286)

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 10 January 2025 and were signed on its behalf by:




Mr C Stevens - Director



Mr M J Cooper - Director


STD Developments Limited (Registered number: 02600286)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

STD Developments 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided and in accordance with the property
Improvements to property - 10% on reducing balance
Plant and machinery - 33% on cost and 15% on reducing balance
Lorries and trailers - 33% on cost and 20% on reducing balance
Motor vehicles - 33% on cost and 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

STD Developments Limited (Registered number: 02600286)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 43 (2023 - 48 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 850,000 991,515 1,841,515
Additions - 154,038 154,038
Disposals - (1 ) (1 )
Revaluations - 6,062 6,062
At 30 April 2024 850,000 1,151,614 2,001,614
DEPRECIATION
At 1 May 2023 - 620,977 620,977
Charge for year - 69,588 69,588
Eliminated on disposal - (1 ) (1 )
At 30 April 2024 - 690,564 690,564
NET BOOK VALUE
At 30 April 2024 850,000 461,050 1,311,050
At 30 April 2023 850,000 370,538 1,220,538

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2016 65,000 18,519 83,519
Valuation in 2017 - 13,497 13,497
Valuation in 2018 - (102 ) (102 )
Valuation in 2019 (65,000 ) (7,168 ) (72,168 )
Valuation in 2020 - 1,592 1,592
Valuation in 2021 - (76,250 ) (76,250 )
Valuation in 2022 - 79,953 79,953
Valuation in 2023 - 70,299 70,299
Valuation in 2024 - 6,062 6,062
Cost 685,000 1,045,212 1,730,212
685,000 1,151,614 1,836,614

STD Developments Limited (Registered number: 02600286)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Participating interests 125,000 125,000
Loans to undertakings in which the company
has a participating interest

189,048

183,379
314,048 308,379

Additional information is as follows:
Interest
in other
participating
interests
£   
COST
At 1 May 2023
and 30 April 2024 125,000
NET BOOK VALUE
At 30 April 2024 125,000
At 30 April 2023 125,000
Loans to
other
participating
interests
£   
At 1 May 2023 183,379
Other movement 5,669
At 30 April 2024 189,048

The investments and loans relate to Pall-Ex Investments Limited [formerly Run D.M.C. Investments Limited] incorporated on 30th January 2019, company number 11797199. STD Developments Limited holds 25 £1 network member shares, representing 4.1% of the issued share capital of the company.

The director, C Stevens, has been appointed a director of Pall-Ex Investments Limited.

Repayment of the loans is not expected before November 2024. £125,000 of the loan capital is non-interest bearing and is covered by a zero coupon unsecured member loan note. The present value, assuming an interest rate of 5%, is £119,048.

The remaining £70,000 will be repaid with interest at a rate of 2% above the average UK bank base rate for the period of the debt.

Pall-Ex Investments Limited will control and manage the operation of the transport hub of the members.

STD Developments Limited (Registered number: 02600286)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 959,355 1,025,854
Other debtors 6,344 10,150
Prepayments 198,055 129,927
1,163,754 1,165,931

Amounts falling due after more than one year:
Other debtors 33,649 46,249
Directors' loan accounts - 40,000
Accrued income 11,871 11,061
45,520 97,310

Aggregate amounts 1,209,274 1,263,241

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 57,165 40,394
Trade creditors 700,853 678,928
Taxation current year (28 ) 131,019
Social security and other taxes 19,683 26,784
VAT 43,828 88,089
Directors' current accounts 935 935
Accrued expenses 16,742 14,524
839,178 980,673

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Finance leases 62,197 36,232

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr C Stevens
Balance outstanding at start of year 39,800 39,800
Amounts repaid (40,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (200 ) 39,800

STD Developments Limited (Registered number: 02600286)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. RELATED PARTY DISCLOSURES

Ms L Stevens

Company secretary and shareholder

During the year £10,000 was repaid to the company from Ms L Stevens, the balance owed to the company at the balance sheet date was £30,000 (£40,000 - 2023).

11. POST BALANCE SHEET EVENTS

After the year end the company acquired a further 15 £1 network member shares in Pall-Ex Investments Limited, incorporated on 30th Janaury 20219 company number 11797199. STD Developments Limited now holds a total of 40 £1 network member shares, following the post balance sheet share acquisiton.