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REGISTERED NUMBER: 04759955 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

STANGARD DESIGN SOLUTIONS LIMITED

STANGARD DESIGN SOLUTIONS LIMITED (REGISTERED NUMBER: 04759955)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANGARD DESIGN SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: M A Harris





SECRETARY: M A Harris





REGISTERED OFFICE: The Barn, Unit 2
Wick Business Centre
Manor Farm, Upper Wick
Dursley
Gloucestershire
GL11 6DE





REGISTERED NUMBER: 04759955 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

STANGARD DESIGN SOLUTIONS LIMITED (REGISTERED NUMBER: 04759955)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,553 116,471

CURRENT ASSETS
Stocks 59,034 40,803
Debtors 5 598,344 1,304,497
Cash at bank and in hand 2,121,852 1,272,711
2,779,230 2,618,011
CREDITORS
Amounts falling due within one year 6 1,123,743 1,373,986
NET CURRENT ASSETS 1,655,487 1,244,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,754,040

1,360,496

PROVISIONS FOR LIABILITIES 1,790 2,888
NET ASSETS 1,752,250 1,357,608

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,752,150 1,357,508
SHAREHOLDERS' FUNDS 1,752,250 1,357,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STANGARD DESIGN SOLUTIONS LIMITED (REGISTERED NUMBER: 04759955)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 February 2025 and were signed by:





M A Harris - Director


STANGARD DESIGN SOLUTIONS LIMITED (REGISTERED NUMBER: 04759955)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Stangard Design Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provision of section 1A "Small entities" 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 cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of goods and services provided under contracts to the extent that there is a right to consideration. It is recorded at the fair value of the consideration due and excludes value added tax.

Where a contract has only been partially completed at the balance sheet date then turnover represents the value of the work done to date based on a proportion of the total expected consideration at completion. Revenue not billed to customers is included as amounts recoverable on contracts as part of debtors. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 30% on cost
Furniture and fixtures - 30% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 30% on cost

Stocks
Work in progress represents purchases invoiced to the company in the current year but are part of contracts being completed in the following year.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognized at amortized cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


STANGARD DESIGN SOLUTIONS LIMITED (REGISTERED NUMBER: 04759955)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.Where material, provisions are calculated on a discounted basis.

Going concern
The director has considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability of the company to continue as going concern have been identified by the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Furniture
Office and Motor Computer
equipment fixtures vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 4,466 8,223 150,473 60,808 223,970
Additions - - 37,275 2,119 39,394
Disposals - - (59,999 ) (1,482 ) (61,481 )
At 31 May 2024 4,466 8,223 127,749 61,445 201,883
DEPRECIATION
At 1 June 2023 4,274 8,111 43,080 52,034 107,499
Charge for year 159 36 28,842 4,372 33,409
Eliminated on disposal - - (36,516 ) (1,062 ) (37,578 )
At 31 May 2024 4,433 8,147 35,406 55,344 103,330
NET BOOK VALUE
At 31 May 2024 33 76 92,343 6,101 98,553
At 31 May 2023 192 112 107,393 8,774 116,471

STANGARD DESIGN SOLUTIONS LIMITED (REGISTERED NUMBER: 04759955)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 580,334 1,292,502
Amounts owed by associates 24 24
Prepayments 17,986 11,971
598,344 1,304,497

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 453,554 741,890
Corporation Tax 178,996 40,510
Social security and other taxes 46,022 170,238
Pension control 2,599 2,466
VAT 176,351 231,486
Other creditors 2,331 2,651
Accrued expenses 263,890 184,745
1,123,743 1,373,986

7. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £13,650.