IRIS Accounts Production v24.3.2.46 07428277 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074282772023-12-31074282772024-12-31074282772024-01-012024-12-31074282772022-12-31074282772023-01-012023-12-31074282772023-12-3107428277ns15:EnglandWales2024-01-012024-12-3107428277ns14:PoundSterling2024-01-012024-12-3107428277ns10:Director12024-01-012024-12-3107428277ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107428277ns10:SmallEntities2024-01-012024-12-3107428277ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107428277ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107428277ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107428277ns10:FullAccounts2024-01-012024-12-3107428277ns10:Director22024-01-012024-12-3107428277ns10:RegisteredOffice2024-01-012024-12-3107428277ns5:CurrentFinancialInstruments2024-12-3107428277ns5:CurrentFinancialInstruments2023-12-3107428277ns5:ShareCapital2024-12-3107428277ns5:ShareCapital2023-12-3107428277ns5:RetainedEarningsAccumulatedLosses2024-12-3107428277ns5:RetainedEarningsAccumulatedLosses2023-12-3107428277ns5:FurnitureFittings2024-01-012024-12-3107428277ns5:ComputerEquipment2024-01-012024-12-3107428277ns5:FurnitureFittings2023-12-3107428277ns5:ComputerEquipment2023-12-3107428277ns5:FurnitureFittings2024-12-3107428277ns5:ComputerEquipment2024-12-3107428277ns5:FurnitureFittings2023-12-3107428277ns5:ComputerEquipment2023-12-3107428277ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107428277ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 07428277 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STG (PROJECTS) LTD

STG (PROJECTS) LTD (REGISTERED NUMBER: 07428277)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STG (PROJECTS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M J B Cave
R J Cave





REGISTERED OFFICE: Bedford i-Lab
Stannard Way
Priory Business Park
Bedford
Bedfordshire
MK44 3RZ





REGISTERED NUMBER: 07428277 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

STG (PROJECTS) LTD (REGISTERED NUMBER: 07428277)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 628 6,683

CURRENT ASSETS
Debtors 5 277,500 420,662
Cash at bank 329,806 323,874
607,306 744,536
CREDITORS
Amounts falling due within one year 6 306,732 462,699
NET CURRENT ASSETS 300,574 281,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,202

288,520

PROVISIONS FOR LIABILITIES 157 1,671
NET ASSETS 301,045 286,849

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 300,945 286,749
SHAREHOLDERS' FUNDS 301,045 286,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

STG (PROJECTS) LTD (REGISTERED NUMBER: 07428277)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





M J B Cave - Director


STG (PROJECTS) LTD (REGISTERED NUMBER: 07428277)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

STG (Projects) Ltd is a private company, limited by shares, registered in England and Wales. Its registered office and principal place of business is Bedford i-Lab, Stannard Way, Priory Business Park, Bedford, Bedfordshire, MK44 3RZ.

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.

Revenue
Revenue (also described as sales or turnover) is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue Recognition
Revenue is recognised on the sale of goods when the goods are delivered and title has passed, and is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 50% on cost

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences (including fair value adjustments) that have originated but not reversed at the balance sheet date except that a deferred tax asset is only recognised to the extent that it is regarded as recoverable. Deferred tax is measured using the tax rate that is expected to apply in the periods in which the timing differences are expected to reverse.

STG (PROJECTS) LTD (REGISTERED NUMBER: 07428277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 year was 6 (2023 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 909 16,646 17,555
DEPRECIATION
At 1 January 2024 200 10,672 10,872
Charge for year 300 5,755 6,055
At 31 December 2024 500 16,427 16,927
NET BOOK VALUE
At 31 December 2024 409 219 628
At 31 December 2023 709 5,974 6,683

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 267,824 408,755
Other debtors 9,676 11,907
277,500 420,662

STG (PROJECTS) LTD (REGISTERED NUMBER: 07428277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 270,470 384,759
Amounts owed to group undertakings 880 3,280
Taxation and social security 8,480 21,182
Other creditors 26,902 53,478
306,732 462,699