Registered number
10079684
S Tranter Maintenance Services Limited
Filleted Accounts
31 March 2024
S Tranter Maintenance Services Limited
Registered number: 10079684
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 336,557 245,248
Current assets
Stocks 6,000 6,000
Debtors 5 406,158 472,237
Cash at bank and in hand 233,741 241,057
645,899 719,294
Creditors: amounts falling due within one year 6 (305,237) (316,842)
Net current assets 340,662 402,452
Total assets less current liabilities 677,219 647,700
Creditors: amounts falling due after more than one year 7 (21,598) (84,672)
Provisions for liabilities (63,943) (26,732)
Net assets 591,678 536,296
Capital and reserves
Called up share capital 100 100
Profit and loss account 591,578 536,196
Shareholder's funds 591,678 536,296
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Stuart Tranter
Director
Approved by the board on 7 March 2025
S Tranter Maintenance Services Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% on reducing balance
Motor vehicles 25% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 14
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Amortisation
At 1 April 2023 10,000
At 31 March 2024 10,000
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 132,289 398,619 530,908
Additions 37,500 165,995 203,495
At 31 March 2024 169,789 564,614 734,403
Depreciation
At 1 April 2023 74,140 211,520 285,660
Charge for the year 23,912 88,274 112,186
At 31 March 2024 98,052 299,794 397,846
Net book value
At 31 March 2024 71,737 264,820 336,557
At 31 March 2023 58,149 187,099 245,248
5 Debtors 2024 2023
£ £
Trade debtors 300,266 388,943
Directors loan account 91,708 49,088
Other debtors 14,184 34,206
406,158 472,237
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 62,500 62,500
Trade creditors 24,993 28,542
Taxation and social security costs 217,744 225,800
305,237 316,842
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,598 84,672
8 Other information
S Tranter Maintenance Services Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is:
The Barn
Danydarren Farm
Cwmtaf
Rhondda Cynon Taff
CF48 2HP
9 Controlling party
The company is controlled by the director who owns 100% of the issued share capital.
10 Presentation currency
The financial statements are presented in Sterling and rounded to the nearest £1.
11 Transactions with Directors
At the year end the Directors loan account was overdrawn by £91,708 (2023: £49,088). This
balance has since been cleared by way of a dividend credited to the directors loan account.
The loan is interest free and repayable on demand.
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