Company registration number 02893487 (England and Wales)
STA INTERNATIONAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
STA INTERNATIONAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
STA INTERNATIONAL LIMITED (REGISTERED NUMBER: 02893487)
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
64,801
47,052
Current assets
Debtors
4
1,988,529
1,150,206
Cash at bank and in hand
1,248,267
1,423,404
3,236,796
2,573,610
Creditors: amounts falling due within one year
5
(2,610,997)
(1,885,107)
Net current assets
625,799
688,503
Total assets less current liabilities
690,600
735,555
Provisions for liabilities
(15,749)
(11,213)
Net assets
674,851
724,342
Capital and reserves
Called up share capital
6
333,333
333,333
Profit and loss reserves
341,518
391,009
Total equity
674,851
724,342

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 31 March 2025 and are signed on its behalf by:
M Quinn
Director
STA INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

STA International Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Drying Loft, 24-26 Turkey Court, Turkey Mill Business Park, Ashford Road, Maidstone, Kent, United Kingdom, ME14 5PP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover represents commissions receivable on debts collected by the company on behalf of its clients. Turnover is recognised once the work has been undertaken to collect debts on behalf of its clients.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
straight line over three years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

STA INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
79
60
STA INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 July 2023
157,960
Additions
51,317
Disposals
(2,551)
At 30 June 2024
206,726
Depreciation and impairment
At 1 July 2023
110,908
Depreciation charged in the year
32,647
Eliminated in respect of disposals
(1,630)
At 30 June 2024
141,925
Carrying amount
At 30 June 2024
64,801
At 30 June 2023
47,052
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,587,025
790,691
Amounts owed by group undertakings
22,175
18,677
Other debtors
379,329
340,838
1,988,529
1,150,206
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
341,948
205,404
Amounts owed to group undertakings
181,922
-
0
Taxation and social security
395,298
424,064
Other creditors
1,691,829
1,255,639
2,610,997
1,885,107
STA INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
169,999
169,999
169,999
169,999
Ordinary B of £1 each
163,334
163,334
163,334
163,334
333,333
333,333
333,333
333,333
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Scott Jiggins
Statutory Auditor:
Perrys Audit Limited
Date of audit report:
31 March 2025
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
372,920
481,963
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Purchases
Purchases
2024
2023
£
£
Entities with control, joint control or significant influence over the company
494,080
-
0
STA INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
9
Related party transactions
(Continued)
- 6 -

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
181,922
-

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Entities with control, joint control or significant influence over the company
-
23,106
Other information

The truecompany has taken advantage of the exemption within FRS 102 from the requirement to disclose transactions entered into between two or more members of a group provided that any subsidiary which is party to the transaction is wholly owned by such a member.

10
Parent company

STA International Holdings Ltd is the parent company.

 

The ultimate parent undertaking is STA Legal Limited, a company registered in England and Wales. The registered office address of the ultimate parent company is the Drying Loft, 24-26, Turkey Court, Turkey Mill Business Park, Ashford Road, Kent, ME14 5PP.

2024-06-302023-07-01falsefalsefalse31 March 2025CCH SoftwareCCH Accounts Production 2024.301No description of principal activityC D ThomasM QuinnJ E BakerN L MacKinnonP EganP ThorpeS CableW TwiggW Twigg028934872023-07-012024-06-30028934872024-06-30028934872023-06-3002893487core:FurnitureFittings2024-06-3002893487core:FurnitureFittings2023-06-3002893487core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3002893487core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3002893487core:CurrentFinancialInstruments2024-06-3002893487core:CurrentFinancialInstruments2023-06-3002893487core:ShareCapital2024-06-3002893487core:ShareCapital2023-06-3002893487core:RetainedEarningsAccumulatedLosses2024-06-3002893487core:RetainedEarningsAccumulatedLosses2023-06-3002893487core:ShareCapitalOrdinaryShares2024-06-3002893487core:ShareCapitalOrdinaryShares2023-06-3002893487bus:Director22023-07-012024-06-3002893487core:FurnitureFittings2023-07-012024-06-30028934872022-07-012023-06-3002893487core:FurnitureFittings2023-06-3002893487core:WithinOneYear2024-06-3002893487core:WithinOneYear2023-06-3002893487core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntitycore:SaleOrPurchaseGoods2023-07-012024-06-3002893487core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntitycore:SaleOrPurchaseGoods2022-07-012023-06-3002893487core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity2024-06-3002893487bus:PrivateLimitedCompanyLtd2023-07-012024-06-3002893487bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002893487bus:FRS1022023-07-012024-06-3002893487bus:Audited2023-07-012024-06-3002893487bus:Director12023-07-012024-06-3002893487bus:Director32023-07-012024-06-3002893487bus:Director42023-07-012024-06-3002893487bus:Director52023-07-012024-06-3002893487bus:Director62023-07-012024-06-3002893487bus:Director72023-07-012024-06-3002893487bus:Director82023-07-012024-06-3002893487bus:CompanySecretary12023-07-012024-06-3002893487bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP