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REGISTERED NUMBER: 03538192 (England and Wales)















Unaudited Financial Statements

for the Period 1 June 2024 to 28 February 2025

for

Stantek Electronics Limited

Stantek Electronics Limited (Registered number: 03538192)

Contents of the Financial Statements
for the Period 1 June 2024 to 28 February 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Stantek Electronics Limited

Company Information
for the Period 1 June 2024 to 28 February 2025







DIRECTOR: E H Johnson



REGISTERED OFFICE: Unit 3 Shepherd Road
Gloucester
Gloucestershire
GL2 5HF



REGISTERED NUMBER: 03538192 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: HSBC Plc
The Cross
Gloucester
GL1 2AP

Stantek Electronics Limited (Registered number: 03538192)

Statement of Financial Position
28 February 2025

28/2/25 31/5/24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 131,246
- 131,246

CURRENT ASSETS
Stocks - 366,795
Debtors 6 24,922 460,709
Cash at bank and in hand 89,418 10
114,340 827,514
CREDITORS
Amounts falling due within one year 7 4,742 657,570
NET CURRENT ASSETS 109,598 169,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,598

301,190

CREDITORS
Amounts falling due after more than one
year

8

-

(10,030

)

PROVISIONS FOR LIABILITIES - (24,665 )
NET ASSETS 109,598 266,495

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 109,498 266,395
SHAREHOLDERS' FUNDS 109,598 266,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 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.

Stantek Electronics Limited (Registered number: 03538192)

Statement of Financial Position - continued
28 February 2025


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:





E H Johnson - Director


Stantek Electronics Limited (Registered number: 03538192)

Notes to the Financial Statements
for the Period 1 June 2024 to 28 February 2025


1. STATUTORY INFORMATION

Stantek Electronics 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

As explained in the Report of the Directors, the director does not consider Stantek Electronics Ltd to be a going concern as the company has ceased to trade, and have therefore prepared the financial statements on a break up basis. There has been no financial impairment of Stantek Electronics Ltd's assets as a result of the break up basis of valuation.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 33% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Stantek Electronics Limited (Registered number: 03538192)

Notes to the Financial Statements - continued
for the Period 1 June 2024 to 28 February 2025


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2024 - 46 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 June 2024 6,000
Disposals (6,000 )
At 28 February 2025 -
Amortisation
At 1 June 2024 6,000
Eliminated on disposal (6,000 )
At 28 February 2025 -
Net book value
At 28 February 2025 -
At 31 May 2024 -

Stantek Electronics Limited (Registered number: 03538192)

Notes to the Financial Statements - continued
for the Period 1 June 2024 to 28 February 2025


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 June 2024 26,527 682,299 108,682 26,275 843,783
Additions - - 42 - 42
Disposals (26,527 ) (682,299 ) (108,724 ) (26,275 ) (843,825 )
At 28 February 2025 - - - - -
Depreciation
At 1 June 2024 26,100 572,824 87,897 25,716 712,537
Eliminated on disposal (26,100 ) (572,824 ) (87,897 ) (25,716 ) (712,537 )
At 28 February 2025 - - - - -
Net book value
At 28 February 2025 - - - - -
At 31 May 2024 427 109,475 20,785 559 131,246

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
Cost
At 1 June 2024 83,576
Disposals (83,576 )
At 28 February 2025 -
Depreciation
At 1 June 2024 45,042
Eliminated on disposal (45,042 )
At 28 February 2025 -
Net book value
At 28 February 2025 -
At 31 May 2024 38,534

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 31/5/24
£    £   
Trade debtors 15,195 449,942
Other debtors 9,727 10,767
24,922 460,709

Stantek Electronics Limited (Registered number: 03538192)

Notes to the Financial Statements - continued
for the Period 1 June 2024 to 28 February 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 31/5/24
£    £   
Bank loans and overdrafts - 116,534
Hire purchase contracts (see note 9) - 18,804
Trade creditors 1,238 429,656
Taxation and social security (716 ) 87,051
Other creditors 4,220 5,525
4,742 657,570

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/25 31/5/24
£    £   
Hire purchase contracts (see note 9) - 10,030

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
28/2/25 31/5/24
£    £   
Net obligations repayable:
Within one year - 18,804
Between one and five years - 10,030
- 28,834

Non-cancellable operating leases
28/2/25 31/5/24
£    £   
Within one year - 52,621
Between one and five years - 132,951
- 185,572