Company Registration No. 09044749 (England and Wales)
Standens (Truro) Limited
Unaudited accounts
for the period from 1 May 2024 to 31 March 2025
Standens (Truro) Limited
Company Information
for the period from 1 May 2024 to 31 March 2025
Directors
Neil Standen
Karen Standen
Company Number
09044749 (England and Wales)
Registered Office
12 Hurland Road
Truro
Cornwall
TR1 2BU
England
Accountants
KMK Accounting Ltd
12 Hurland Road
Truro
TR1 2BU
Standens (Truro) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
17,133
21,683
Inventories
69,381
112,078
Cash at bank and in hand
10,189
144,706
Creditors: amounts falling due within one year
(12,366)
(57,631)
Net current assets
95,185
218,911
Net assets
112,318
240,594
Called up share capital
1,000
1,004
Profit and loss account
111,318
239,590
Shareholders' funds
112,318
240,594
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by
Neil Standen
Director
Company Registration No. 09044749
Standens (Truro) Limited
Notes to the Accounts
for the period from 1 May 2024 to 31 March 2025
Standens (Truro) Limited is a private company, limited by shares, registered in England and Wales, registration number 09044749. The registered office is 12 Hurland Road, Truro, Cornwall, TR1 2BU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Standens (Truro) Limited
Notes to the Accounts
for the period from 1 May 2024 to 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2024
24,018
43,440
3,701
71,159
At 31 March 2025
24,018
43,470
4,260
71,748
At 1 May 2024
12,500
36,042
934
49,476
Charge for the period
2,880
1,485
774
5,139
At 31 March 2025
15,380
37,527
1,708
54,615
At 31 March 2025
8,638
5,943
2,552
17,133
At 30 April 2024
11,518
7,398
2,767
21,683
Amounts falling due within one year
Trade debtors
24,914
17,488
Accrued income and prepayments
109
-
Standens (Truro) Limited
Notes to the Accounts
for the period from 1 May 2024 to 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
7,274
52,781
Loans from directors
-
608
8
Transactions with related parties
At the period end, the company owed £0 (2024: £608) to Mr Neil Standen and Mrs Karen Standen, directors.
The company is ultimately controlled by Mr & Mrs Standen, directors, who own 100% of the issued A share capital.
10
Average number of employees
During the period the average number of employees was 7 (2024: 7).