COMPANY REGISTRATION NUMBER:
08501759
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Separation Techniques Ltd |
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Filleted Unaudited Abridged Financial Statements |
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Separation Techniques Ltd |
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Abridged Financial Statements |
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Year ended 31 December 2024
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Abridged statement of financial position |
1 |
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Notes to the abridged financial statements |
3 |
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Separation Techniques Ltd |
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Abridged Statement of Financial Position (continued) |
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31 December 2024
Capital and reserves
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Called up share capital |
2 |
2 |
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Profit and loss account |
98,398 |
77,635 |
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-------- |
-------- |
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Shareholder funds |
98,400 |
77,637 |
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-------- |
-------- |
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These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
22 September 2025
, and are signed on behalf of the board by:
Company registration number:
08501759
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Separation Techniques Ltd |
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Notes to the Abridged Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Midway House, Herrick Way , Staverton Technology Park, Staverton, Cheltenham, Gloucestershire, GL51 6TQ.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis. The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Buildings |
- |
10% straight line |
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Plant & Machinery |
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25% reducing balance |
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Equipment |
- |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2023:
3
).
5.
Tangible assets
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£ |
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Cost |
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At 1 January 2024 |
8,763 |
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Additions |
5,969 |
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Disposals |
(
485) |
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-------- |
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At 31 December 2024 |
14,247 |
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-------- |
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Depreciation |
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At 1 January 2024 |
1,434 |
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Charge for the year |
1,147 |
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Disposals |
(
366) |
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-------- |
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At 31 December 2024 |
2,215 |
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-------- |
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Carrying amount |
|
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At 31 December 2024 |
12,032 |
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-------- |
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At 31 December 2023 |
7,329 |
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-------- |
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6.
Secured liabilities
Creditors: amounts falling due within one year includes a bank loan of £10,000 (2023 - £10,000) that is secured under the UK Government's Bounce Back Loan Guarantee Scheme.
Creditors: amounts falling due after one year includes a bank loan of £4,167 (2023 - £14,167) that is secured under the UK Government's Bounce Back Loan Guarantee Scheme.
7.
Controlling party
The company is owned 100% by its parent company, Separation Technologies Investments Limited, whose registered office is Midway House, Herrick Way, Staverton Technology Park, Staverton, Cheltenham, Gloucestershire, GL51 6TQ.