2023-09-012024-08-312024-08-31false05118649STS (Yeovil) 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STS (Yeovil) Limited

Registered Number
05118649
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

STS (Yeovil) Limited
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

Bloor, Jeremy Thomas

Company Secretary

Bloor, Jeremy Thomas

Registered Address

Unit 18a Memorial Road Yeovil Small Business Centre
Houndstone Business Park
Yeovil
BA22 8WA

Registered Number

05118649 (England and Wales)
STS (Yeovil) Limited
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets384,99994,531
84,99994,531
Current assets
Stocks23,96616,486
Debtors458,59272,130
Cash at bank and on hand8249,734
83,38298,350
Creditors amounts falling due within one year5(99,440)(151,544)
Net current assets (liabilities)(16,058)(53,194)
Total assets less current liabilities68,94141,337
Creditors amounts falling due after one year6(34,619)(40,175)
Provisions for liabilities(15,343)(16,977)
Net assets18,979(15,815)
Capital and reserves
Called up share capital100100
Profit and loss account18,879(15,915)
Shareholders' funds18,979(15,815)
The financial statements were approved and authorised for issue by the Director on 7 March 2025, and are signed on its behalf by:
Bloor, Jeremy Thomas
Director
Registered Company No. 05118649
STS (Yeovil) Limited
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery10-
Vehicles25-
Office Equipment-4
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 23293,870
At 31 August 24293,870
Depreciation and impairment
At 01 September 23199,340
Charge for year9,531
At 31 August 24208,871
Net book value
At 31 August 2484,999
At 31 August 2394,531
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables54,78468,566
Other debtors990990
Prepayments and accrued income2,8182,574
Total58,59272,130
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables34,09236,361
Bank borrowings and overdrafts6,70612,375
Taxation and social security30,80450,747
Other creditors26,69950,956
Accrued liabilities and deferred income1,1391,105
Total99,440151,544
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts28,07033,625
Other creditors6,5496,550
Total34,61940,175