REGISTERED NUMBER: 09864860 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

STS Motors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Jones

R D Birchall

S M Harris

REGISTERED OFFICE:

3 Hagley Court North

The Waterfront

Dudley

DY5 1XF

REGISTERED NUMBER:

09864860 (England and Wales)

ACCOUNTANTS:

Cox & Co Limited

Chartered Certified Accountants

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

FIXED ASSETS

Intangible assets

4

181,699

188,521

Tangible assets

5

194,088

219,594

375,787

408,115

CURRENT ASSETS

Stocks

225,000

225,000

Debtors

6

133,847

119,446

Cash at bank and in hand

139,842

185,390

498,689

529,836

CREDITORS

Amounts falling due within one year

7

276,152

355,162

NET CURRENT ASSETS

222,537

174,674

TOTAL ASSETS LESS CURRENT LIABILITIES

598,324

582,789

CREDITORS

Amounts falling due after more than one year

8

(34,086

)

(70,935

)

PROVISIONS FOR LIABILITIES

(20,441

)

(23,651

)

NET ASSETS

543,797

488,203

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

533,797

478,203

SHAREHOLDERS' FUNDS

543,797

488,203

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.

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 24 September 2025 and were signed on its behalf by:

E Jones - Director

1.	STATUTORY INFORMATION

STS Motors 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of fifty years.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 etc

-

33% on cost and 15% 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 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.

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.

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 14 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

4

212,799

212,803

Additions

-

15,131

15,131

At 31 December 2024

4

227,930

227,934

AMORTISATION

At 1 January 2024

-

24,282

24,282

Charge for year

-

21,953

21,953

At 31 December 2024

-

46,235

46,235

NET BOOK VALUE

At 31 December 2024

4

181,695

181,699

At 31 December 2023

4

188,517

188,521

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

597,993

Additions

25,740

At 31 December 2024

623,733

DEPRECIATION

At 1 January 2024

378,399

Charge for year

51,246

At 31 December 2024

429,645

NET BOOK VALUE

At 31 December 2024

194,088

At 31 December 2023

219,594

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

163,010

DEPRECIATION

At 1 January 2024

81,528

Charge for year

16,297

At 31 December 2024

97,825

NET BOOK VALUE

At 31 December 2024

65,185

At 31 December 2023

81,482

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

100,641

92,296

Other debtors

33,206

27,150

133,847

119,446

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

19,167

57,500

Hire purchase contracts

17,682

17,951

Trade creditors

157,865

162,261

Taxation and social security

8,058

8,135

Other creditors

73,380

109,315

276,152

355,162

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

19,167

Hire purchase contracts

34,086

51,768

34,086

70,935

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

51,768

69,719

Hire purchase finance is secured on the assets financed.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is its directors.