Stanfirm Limited 07679433 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is recharging expenses to other associated companies Digita Accounts Production Advanced 6.30.9574.0 true 07679433 2023-07-01 2024-06-30 07679433 2024-06-30 07679433 bus:OrdinaryShareClass1 2024-06-30 07679433 bus:OrdinaryShareClass2 2024-06-30 07679433 bus:OrdinaryShareClass3 2024-06-30 07679433 bus:OrdinaryShareClass4 2024-06-30 07679433 core:RetainedEarningsAccumulatedLosses 2024-06-30 07679433 core:ShareCapital 2024-06-30 07679433 core:CurrentFinancialInstruments 2024-06-30 07679433 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 07679433 core:FurnitureFittingsToolsEquipment 2024-06-30 07679433 core:LandBuildings 2024-06-30 07679433 core:MotorVehicles 2024-06-30 07679433 bus:SmallEntities 2023-07-01 2024-06-30 07679433 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07679433 bus:FilletedAccounts 2023-07-01 2024-06-30 07679433 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07679433 bus:RegisteredOffice 2023-07-01 2024-06-30 07679433 bus:Director3 2023-07-01 2024-06-30 07679433 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 07679433 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 07679433 bus:OrdinaryShareClass3 2023-07-01 2024-06-30 07679433 bus:OrdinaryShareClass4 2023-07-01 2024-06-30 07679433 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07679433 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 07679433 core:LandBuildings 2023-07-01 2024-06-30 07679433 core:MotorVehicles 2023-07-01 2024-06-30 07679433 countries:England 2023-07-01 2024-06-30 07679433 2023-06-30 07679433 core:FurnitureFittingsToolsEquipment 2023-06-30 07679433 core:LandBuildings 2023-06-30 07679433 core:MotorVehicles 2023-06-30 07679433 2022-07-01 2023-06-30 07679433 2023-06-30 07679433 bus:OrdinaryShareClass1 2023-06-30 07679433 bus:OrdinaryShareClass2 2023-06-30 07679433 bus:OrdinaryShareClass3 2023-06-30 07679433 bus:OrdinaryShareClass4 2023-06-30 07679433 core:RetainedEarningsAccumulatedLosses 2023-06-30 07679433 core:ShareCapital 2023-06-30 07679433 core:CurrentFinancialInstruments 2023-06-30 07679433 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07679433 core:FurnitureFittingsToolsEquipment 2023-06-30 07679433 core:LandBuildings 2023-06-30 07679433 core:MotorVehicles 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07679433

Stanfirm Limited

trading as Northern Scaffolding Solutions

Filleted Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Stanfirm Limited

trading as Northern Scaffolding Solutions

(Registration number: 07679433)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

512,125

527,381

Current assets

 

Stocks

5

30,573

46,360

Debtors

6

313,583

326,117

Cash at bank and in hand

 

779,860

587,465

 

1,124,016

959,942

Creditors: Amounts falling due within one year

7

(238,974)

(262,713)

Net current assets

 

885,042

697,229

Total assets less current liabilities

 

1,397,167

1,224,610

Provisions for liabilities

(109,978)

(109,802)

Net assets

 

1,287,189

1,114,808

Capital and reserves

 

Called up share capital

8

421

421

Retained earnings

1,286,768

1,114,387

Shareholders' funds

 

1,287,189

1,114,808

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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.

 

Stanfirm Limited

trading as Northern Scaffolding Solutions

(Registration number: 07679433)
Balance Sheet as at 30 June 2024

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 


Mr M Staniland
Director

   
 

Stanfirm Limited

trading as Northern Scaffolding Solutions

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
Unit 1
3 Brigg Road
Scotter
Gainsborough
Lincolnshire
DN21 3HU

Registration number: 07679433

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.

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 and deferred 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.

 

Stanfirm Limited

trading as Northern Scaffolding Solutions

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

over 10 years

Furniture, fittings and equipment

15% per annum on written down value

Motor vehicles

25% per annum on written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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 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.

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Stanfirm Limited

trading as Northern Scaffolding Solutions

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 24 (2023 - 26).

 

Stanfirm Limited

trading as Northern Scaffolding Solutions

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

10,569

756,906

219,661

987,136

Additions

-

33,438

54,945

88,383

Disposals

-

-

(38,566)

(38,566)

At 30 June 2024

10,569

790,344

236,040

1,036,953

Depreciation

At 1 July 2023

10,568

343,778

105,409

459,755

Charge for the year

-

64,765

31,872

96,637

Eliminated on disposal

-

-

(31,564)

(31,564)

At 30 June 2024

10,568

408,543

105,717

524,828

Carrying amount

At 30 June 2024

1

381,801

130,323

512,125

At 30 June 2023

1

413,128

114,252

527,381

5

Stocks

2024
£

2023
£

Work in progress

30,573

46,360

6

Debtors

2024
£

2023
£

Trade debtors

249,801

304,928

Prepayments

44,692

21,189

Other debtors

19,090

-

 

313,583

326,117

 

Stanfirm Limited

trading as Northern Scaffolding Solutions

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

2024
£

2023
£

Due within one year

Trade payables

95,838

94,010

Amounts due to related parties

17,918

18,519

Social security and other taxes

121,317

112,950

Other payables

3,901

37,234

238,974

262,713

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

100

100

100

100

Ordinary B shares of £1 each

100

100

100

100

Ordinary C shares of £1 each

200

200

200

200

Ordinary D shares of £1 each

21

21

21

21

421

421

421

421