Stortford Exteriors Ltd 15008816 false 2023-07-17 2024-07-31 2024-07-31 The principal activity of the company is roofing services. Digita Accounts Production Advanced 6.30.9574.0 true false 15008816 2023-07-17 2024-07-31 15008816 2024-07-31 15008816 core:CurrentFinancialInstruments 2024-07-31 15008816 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 15008816 bus:SmallEntities 2023-07-17 2024-07-31 15008816 bus:AuditExemptWithAccountantsReport 2023-07-17 2024-07-31 15008816 bus:FilletedAccounts 2023-07-17 2024-07-31 15008816 bus:SmallCompaniesRegimeForAccounts 2023-07-17 2024-07-31 15008816 bus:RegisteredOffice 2023-07-17 2024-07-31 15008816 bus:Director1 2023-07-17 2024-07-31 15008816 bus:PrivateLimitedCompanyLtd 2023-07-17 2024-07-31 15008816 bus:Agent1 2023-07-17 2024-07-31 15008816 1 2023-07-17 2024-07-31 15008816 countries:EnglandWales 2023-07-17 2024-07-31 iso4217:GBP xbrli:pure

Registration number: 15008816

Stortford Exteriors Ltd

trading as Stortford Exteriors Limited

Unaudited Financial Statements

for the Period from 17 July 2023 to 31 July 2024

 

Stortford Exteriors Ltd

trading as Stortford Exteriors Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Stortford Exteriors Ltd

trading as Stortford Exteriors Limited

Company Information

Director

Mr T P Jermy

Registered office

Headstart House
39 High Street
Ware
Hertfordshire
SG12 9BA

Accountants

Bracey's Accountants (Ware) Limited
Chartered Certified AccountantHeadstart House
39 High Street
Ware
Hertfordshire
SG12 9BA

 

Stortford Exteriors Ltd

trading as Stortford Exteriors Limited

(Registration number: 15008816)
Balance Sheet as at 31 July 2024

Note

2024
£

Current assets

 

Debtors

4

3,953

Creditors: Amounts falling due within one year

5

(3,939)

Net assets

 

14

Capital and reserves

 

Called up share capital

2

Retained earnings

12

Shareholders' funds

 

14

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 February 2025
 

.........................................
Mr T P Jermy
Director

 

Stortford Exteriors Ltd

trading as Stortford Exteriors Limited

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Headstart House
39 High Street
Ware
Hertfordshire
SG12 9BA
England

These financial statements were authorised for issue by the director on 14 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

 

Stortford Exteriors Ltd

trading as Stortford Exteriors Limited

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 July 2024

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Stortford Exteriors Ltd

trading as Stortford Exteriors Limited

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 July 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

4

Debtors

Current

2024
£

Other debtors

3,953

 

3,953

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

2,689

Accruals and deferred income

1,250

3,939

6

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary £1 shares of £1 each

2

2

     
 

Stortford Exteriors Ltd

trading as Stortford Exteriors Limited

Notes to the Unaudited Financial Statements for the Period from 17 July 2023 to 31 July 2024

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary £1 shares of £1 each

2

2

     

7

Dividends

2024

£

Interim dividend of £11,450.00 per ordinary share

11,450

 

8

Related party transactions

Other transactions with the director

At the balance sheet date, the company was owed £3,953 from Mr T P Jermy, a director of the company, This loan was provided interest free and was repaid in full within 9 months of the year end.

9

Parent and ultimate parent undertaking

The ultimate controlling party is Torrin Jermy by virtual of his majority shareholding.