REGISTERED NUMBER: 14358540 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SOUTHTOWN ROAD S/STN LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M L Steward

Mr A J Steward

Mrs Y D Steward

REGISTERED OFFICE:

Hopton Hall

Hall Road

Hopton-on-Sea

Norfolk

NR31 9AX

REGISTERED NUMBER:

14358540 (England and Wales)

FIXED ASSETS

Intangible assets

4

444,002

468,669

Tangible assets

5

263,730

265,797

707,732

734,466

CURRENT ASSETS

Stocks

89,860

79,559

Debtors

6

22,976

31,465

Prepayments and accrued income

4,633

9,110

Cash at bank and in hand

568,392

492,434

685,861

612,568

CREDITORS

Amounts falling due within one year

7

1,195,507

1,249,896

NET CURRENT LIABILITIES

(509,646

)

(637,328

)

TOTAL ASSETS LESS CURRENT LIABILITIES

198,086

97,138

PROVISIONS FOR LIABILITIES

(970

)

-

ACCRUALS AND DEFERRED INCOME

(7,333

)

(6,086

)

NET ASSETS

189,783

91,052

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

189,683

90,952

189,783

91,052

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th August 2025 and were signed on its behalf by:

Mrs Y D Steward - Director

Mr M L Steward - Director

Mr A J Steward - Director

1.	STATUTORY INFORMATION

Southtown Road S/Stn 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures, fittings & equipment

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 7 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

493,336

AMORTISATION

At 1st January 2024

24,667

Charge for year

24,667

At 31st December 2024

49,334

NET BOOK VALUE

At 31st December 2024

444,002

At 31st December 2023

468,669

5.	TANGIBLE FIXED ASSETS

Fixtures,

Freehold

fittings

Computer

property

& equipment

equipment

Totals

£

£

£

£

COST

At 1st January 2024

250,000

20,767

1,526

272,293

Additions

-

4,250

340

4,590

At 31st December 2024

250,000

25,017

1,866

276,883

DEPRECIATION

At 1st January 2024

3,000

3,115

381

6,496

Charge for year

3,000

3,285

372

6,657

At 31st December 2024

6,000

6,400

753

13,153

NET BOOK VALUE

At 31st December 2024

244,000

18,617

1,113

263,730

At 31st December 2023

247,000

17,652

1,145

265,797

Included in cost of land and buildings is freehold land of £ 100,000 (2023 - £ 100,000 ) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

15,255

22,069

Other debtors

7,721

9,396

22,976

31,465

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

101,883

118,053

Taxation and social security

60,071

67,402

Other creditors

1,033,553

1,064,441

1,195,507

1,249,896

8.	RELATED PARTY DISCLOSURES

At the year end Southtown Road S/Stn Ltd owed the following amounts to connected companies:

L J Steward Ltd £194,925

Kirkley Run Tyres & Wheels Ltd £43,120

Swaffham Service Station Ltd £19,482

Group Storage & Reclaim Ltd £60,000

In addition to this, at the year end Southtown Road S/Stn Ltd was owed the following amounts by connected companies:

Southquay S/Stn Ltd £40,292