Registered Number:12572393 |
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2024
Standerwick & Stott Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Standerwick & Stott Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
44,201
49,918
2
44,201
49,918
Trade and other receivables |
26,196
52,856
3
2,709
Cash and cash equivalents |
15,567
68,423
28,905
Trade and other payables: amounts falling due within one year |
(79,811)
(136,753)
4
(50,906)
(68,330)
Net current liabilities
Total assets less current liabilities |
(24,129)
(988)
Trade and other payables: amounts falling due after more than one |
year |
(71,508)
(57,379)
5
(81,508)
Net liabilities
(72,496)
1
1
(81,509)
(72,497)
(81,508)
(72,496)
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Stephen Spencer Standerwick Director |
These financial statements were approved and authorised for issue by the Board on 30 January 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 April 2024
Standerwick & Stott Ltd
Notes to the Financial Statements
Statutory Information
Standerwick & Stott Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
12572393. |
Principal place of business: |
Unit 5 Tesco Brunton Lane
Kingston Park
Newcastle Upon Tyne
Northumberland
NE3 2FP
59 Hillhead Way
Newcastle Upon Tyne
Northumberland
NE5 5QR
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The |
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
The directors have assessed the company's ability to continue as a going concern over the next twelve months, and conculde that |
the company remains a going concern. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Furniture and fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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 rates and laws that have been enacted or substantively enacted |
by the Statement of Financial Position date. |
2 of 5
For the year ended 30 April 2024
Standerwick & Stott Ltd
Notes to the Financial Statements Continued
Impairment of Assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an |
impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and |
compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its |
recoverable amount and an impairment loss is recognised immediately in the profit or loss. |
If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its |
recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised in |
prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss. |
Basic Financial Instruments
Basic financial instruments that are payable or receivable within one year, typically trade creditors and debtors, are measured |
initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received |
less impairment losses for bad and doubtful debts. |
2. Property, plant and equipment |
61,282
2,230
8,537
50,515
1,308
-
1,308
-
50,515
9,845
2,230
62,590
Provision for depreciation and impairment |
11,364
974
2,514
7,876
Charge for year
7,025
415
1,559
5,051
18,389
1,389
4,073
12,927
37,588
5,772
841
44,201
42,639
6,023
1,256
49,918
3. Trade and other receivables |
2023
2024
-
81
Prepayments and accrued income |
1,333
4,880
Amounts owed by directors |
40,348
15,676
Taxation and social security |
6,600
1,124
4,575
4,435
26,196
52,856
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For the year ended 30 April 2024
Standerwick & Stott Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year |
2023
2024
249
1,750
Taxation and social security |
45,694
9,354
Accruals and deferred income |
34,281
33,304
56,529
35,403
136,753
79,811
5. Trade and other payables: amounts falling due after more than one year |
2023
2024
57,379
71,508
6. Directors advances and guarantees |
Loaned
Repaid
Mr Stephen Spencer Standerwick
Loan to the director, interest of 0% is being charged and there are no formal repayment terms. |
31,789
27,654
61,217
57,082
31,789
27,654
61,217
57,082
Ms Helen Stott
Loan to the director, interest of 0% is being charged and there are no formal repayment terms. |
8,558
(11,981)
31,049
10,510
8,558
(11,981)
31,049
10,510
7. Guarantees and other financial commitments |
At 30 April 2024 the company had annual commitments under non-cancellable operating leases as set out below: |
2023
2024
Operating leases which expire: |
26,065
26,065
95,182
86,180
39,622
56,685
151,867
177,931
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For the year ended 30 April 2024
Standerwick & Stott Ltd
Notes to the Financial Statements Continued
8. Average number of persons employed |
During the year the average number of employees was 7 (2023 : 6)
5 of 5