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REGISTERED NUMBER: 01396089 (England and Wales)















STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: S D Stansfield
R Stansfield
D P Kingham
Miss I Stansfield





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200-204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 01396089 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 289,061 316,016

CURRENT ASSETS
Stocks 87,608 114,668
Debtors 5 505,026 392,354
Cash at bank and in hand 155,687 164,458
748,321 671,480
CREDITORS
Amounts falling due within one year 6 829,340 752,049
NET CURRENT LIABILITIES (81,019 ) (80,569 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,042

235,447

CREDITORS
Amounts falling due after more than one
year

7

(54,346

)

(116,143

)

PROVISIONS FOR LIABILITIES 9 (24,545 ) (29,018 )
NET ASSETS 129,151 90,286

CAPITAL AND RESERVES
Called up share capital 10 2,590 2,590
Share premium 15,660 15,660
Fair value reserve 11 55,348 56,757
Retained earnings 55,553 15,279
SHAREHOLDERS' FUNDS 129,151 90,286

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

BALANCE SHEET - continued
31 OCTOBER 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:





R Stansfield - Director


STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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


1. STATUTORY INFORMATION

Stansfield Auto Electrical Services 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.

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

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.
Plant and machinery - 33% on reducing balance and 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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


2. ACCOUNTING POLICIES - continued

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 year was 17 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 250,000 51,856 44,304 105,533 451,693
Additions - 8,955 - - 8,955
At 31 October 2024 250,000 60,811 44,304 105,533 460,648
DEPRECIATION
At 1 November 2023 42,500 29,501 44,001 19,675 135,677
Charge for year 5,000 9,370 76 21,464 35,910
At 31 October 2024 47,500 38,871 44,077 41,139 171,587
NET BOOK VALUE
At 31 October 2024 202,500 21,940 227 64,394 289,061
At 31 October 2023 207,500 22,355 303 85,858 316,016

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 18,000 57,510 75,510
DEPRECIATION
At 1 November 2023 5,475 1,198 6,673
Charge for year - 14,078 14,078
At 31 October 2024 5,475 15,276 20,751
NET BOOK VALUE
At 31 October 2024 12,525 42,234 54,759
At 31 October 2023 12,525 56,312 68,837

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 291,467 173,508
Directors' current accounts 143,986 74,036
Prepayments and accrued income 69,573 144,810
505,026 392,354

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts (see note 8) 36,500 42,906
Hire purchase contracts and finance leases 23,673 33,812
Trade creditors 391,194 299,630
Corporation tax 118,319 57,351
Social security and other taxes 19,576 14,263
VAT 27,474 30,687
Invoice discounting advances - 151,389
Accrued expenses 212,604 122,011
829,340 752,049

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans (see note 8) 33,642 71,766
Hire purchase contracts and finance leases 20,704 44,377
54,346 116,143

8. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.10.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 5,553
Bank loans 36,500 37,353
36,500 42,906

Amounts falling due between one and two years:
Bank loans - 1-2 years 28,631 37,818

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,011 33,948

9. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 24,545 29,018

Deferred
tax
£   
Balance at 1 November 2023 29,018
Credit to Income Statement during year (4,473 )
Balance at 31 October 2024 24,545

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2,050 Ordinary shares of £1 £1 2,050 2,050
270 £1 "A" ordinary £1 270 270
135 £1 "B" ordinary £1 135 135
135 £1 "C" ordinary £1 135 135
2,590 2,590

11. RESERVES
Fair
value
reserve
£   
At 1 November 2023 56,757
Movement in year (1,409 )

At 31 October 2024 55,348

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
S D Stansfield
Balance outstanding at start of year 32,752 33,363
Amounts advanced 31,637 -
Amounts repaid - (611 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 64,389 32,752

R Stansfield
Balance outstanding at start of year 32,752 33,363
Amounts advanced 37,489 -
Amounts repaid - (611 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 70,241 32,752

STANSFIELD AUTO ELECTRICAL
SERVICES LIMITED (REGISTERED NUMBER: 01396089)

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


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

D P Kingham
Balance outstanding at start of year 8,532 9,950
Amounts advanced 824 -
Amounts repaid - (1,418 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,356 8,532