REGISTERED NUMBER: 01038811 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Staptina Engineering Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A S Ellis

Mrs A Ellis

SECRETARY:

Mrs A Ellis

REGISTERED OFFICE:

Stonefield Croft

Upper Lane

Northowram

Halifax

West Yorkshire

HX3 7EE

REGISTERED NUMBER:

01038811 (England and Wales)

ACCOUNTANTS:

S&W Partners (Leeds) Limited

Accountants

3rd Floor

56 Wellington Street

Leeds

West Yorkshire

LS1 2EE

FIXED ASSETS

Tangible assets

5

419,803

419,803

CURRENT ASSETS

Debtors

6

406,157

406,156

CREDITORS

Amounts falling due within one year

7

273,167

273,166

NET CURRENT ASSETS

132,990

132,990

TOTAL ASSETS LESS CURRENT LIABILITIES

552,793

552,793

PROVISIONS FOR LIABILITIES

8

17,384

17,384

NET ASSETS

535,409

535,409

CAPITAL AND RESERVES

Called up share capital

9

25

25

Capital redemption reserve

15

15

Retained earnings

535,369

535,369

SHAREHOLDERS' FUNDS

535,409

535,409

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2025 and were signed on its behalf by:

A S Ellis - Director

1.	STATUTORY INFORMATION

Staptina Engineering 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements

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.

Freehold property

-

2% on cost

Short leasehold

-

12.5% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

12.5% on cost

Motor vehicles

-

20% on reducing balance

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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 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.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in nor more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price.

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of comprehensive income in the year that the company becomes aware of the obligation, and are measure at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

Long-term contracts

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit is included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract revenue which costs incurred to date bear to total expected costs for that contract. Revenues derived from variation on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contract in the year in which they are first forseen.

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

Dividends

Equity dividends are recognised when they become legally payable. Interim dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Finance Costs

Finance costs are charged to the Statement of income and retained earnings over the terms of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 19 ).

5.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 January 2024

and 31 December 2024

311,589

41,988

121,637

DEPRECIATION

At 1 January 2024

and 31 December 2024

18,176

41,988

80,462

NET BOOK VALUE

At 31 December 2024

293,413

-

41,175

At 31 December 2023

293,413

-

41,175

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

28,411

154,370

657,995

DEPRECIATION

At 1 January 2024

and 31 December 2024

10,358

87,208

238,192

NET BOOK VALUE

At 31 December 2024

18,053

67,162

419,803

At 31 December 2023

18,053

67,162

419,803

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

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

117,770

DEPRECIATION

At 1 January 2024

and 31 December 2024

68,488

NET BOOK VALUE

At 31 December 2024

49,282

At 31 December 2023

49,282

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

258,056

258,056

Other debtors

148,101

148,100

406,157

406,156

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

26,670

26,670

Trade creditors

153,694

153,693

Taxation and social security

55,479

55,479

Other creditors

37,324

37,324

273,167

273,166

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

17,384

17,384

Deferred

tax

£

Balance at 1 January 2024

17,384

Balance at 31 December 2024

17,384

**

BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF

-

DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB

17,384

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

25

Ordinary share capital

1

25

25

10.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the company to fund and amounted to £1,781 (2022: £1,781).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within debtors is an amount of £128,385 (2022: £145,710) due by the directors to the company. The balance is unsecured and interest free.

12.	RELATED PARTY DISCLOSURES

No transactions with related parties took place as are required to be reported under Section 1A of FRS102.