REGISTERED NUMBER: 05230722 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

S.T.L. TRADING COMPANY LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

DIRECTORS:

S West

T West

L West

REGISTERED OFFICE:

Blue Diamond House

Sandall Stones Road

Kirk Sandall Industrial Estate

Doncaster

South Yorkshire

DN3 1QR

REGISTERED NUMBER:

05230722 (England and Wales)

AUDITORS:

Leesing Marrison Lee Limited

Chartered Certified Accountants

Statutory Auditors

46 Main Street

Mexborough

South Yorkshire

S64 9DU

The directors present their strategic report for the year ended 31st December 2024.

REVIEW OF BUSINESS

S.T.L. Trading Company Limited is a wholesaler to the construction industry, trading from a modern warehouse premise in Doncaster, England.

The results for the year ended 31 December 2024 and the balance sheet and statement of changes in equity at 31 December are set out on pages 7 to 11.

The business delivered excellent performance with revenue increasing to record levels. Demand conditions were positive, driven by strong demand for construction materials.

PRINCIPAL RISKS AND UNCERTAINTIES

Trading is influenced by the macroeconomic environment in the UK. Demand in the construction sector is sensitive to economic conditions generally including economic growth, interest rate movements, inflation, and demographic trends.

These risks are mitigated by the company's strong market position, financial standing, reputation within the sector and customer loyalty. The directors consider the financial risk profile to be low.

Competitive pressure in the UK is a continuing risk which could result in losing sales to key competitors. The ongoing political uncertainty of Brexit remains as a factor with some of its major customers when considering purchases. This risk is managed by providing high quality products and service to its customers.

In regard to the current situation with the war in Ukraine and the cost-of-living crisis in general the company does not consider that they have any material impact on the company's operation. However, they continue to assess any impact these risks may have on the business in both the short and the long term.

CORPORATE SOCIAL RESPONSIBILITY (CSR) / ESG FACTORS

The directors take Sustainability and CSR seriously, incorporating social, environmental, ethical, consumer and human rights concerns into their business strategy and operations. CSR factors are becoming more and more fundamental to long-term success but are challenging to address, requiring investment and broad engagement across the sector. Nevertheless, the directors remain committed to building a better world for our customers, colleagues and communities.

in January 2024 the company reached its target of becoming a 'Certified Carbon Neutral Site' which is a major achievement and a huge testament to the hard work every employee has put in to achieve this key objective.

Environmental initiatives include:

- The whole fleet of Material Handling Equipment (MHE) are now 100% electric.

- We continue to uphold our ISO 14001 Certification.

- Setting of challenging targets to further reduce our carbon footprint including increased use of Solar Power, increase in recycling of cardboard and plastic, gradual switch of cars to hybrid/pure electric, reduction in general waste disposal as well as using energy efficient devices.

The directors and employees strive to live by our values, these include:

- Customer Commitment: We deliver on the commitments we make, all of which are underpinned by integrity, accountability and positive working partnerships.

- Respect For People: We value our people, encourage their development and acknowledge their performance. We're more than a team, we're a family.

- A Responsibility To The Wider World: We want to be sure that we're doing good for the world around us. That's why we support and raise awareness for those in need and work continuously to improve the environmental footprint we make via our operations.

ON BEHALF OF THE BOARD:

T West - Director

30th September 2025

The directors present their report with the financial statements of the company for the year ended 31st December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of wholesalers to the construction industry.

DIVIDENDS

Dividends of £227,155 (2023: £1,138,554) have been distributed during the year.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2024 to the date of this report.

S West

T West

L West

Other changes in directors holding office are as follows:

J West - resigned 28th October 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Leesing Marrison Lee Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

T West - Director

30th September 2025

Opinion

We have audited the financial statements of S.T.L. Trading Company Limited (the 'company') for the year ended 31st December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st December 2024 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our procedures to respond to risks identified include the following;

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- enquiring of management concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-reading minutes of meetings of those charged with governance and reviewing regulatory correspondence;

- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and

- evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Robert Tippett (Senior Statutory Auditor)

for and on behalf of Leesing Marrison Lee Limited

Chartered Certified Accountants

Statutory Auditors

46 Main Street

Mexborough

South Yorkshire

S64 9DU

30th September 2025

TURNOVER

3

13,606,958

12,634,210

Cost of sales

8,396,837

7,815,996

GROSS PROFIT

5,210,121

4,818,214

Warehouse costs

420,291

363,282

Administrative expenses

4,218,928

3,167,276

4,639,219

3,530,558

570,902

1,287,656

Other operating income

2,628

2,310

OPERATING PROFIT

5

573,530

1,289,966

Interest receivable and similar income

24,401

27,923

597,931

1,317,889

Interest payable and similar expenses

6

10,464

2,002

PROFIT BEFORE TAXATION

587,467

1,315,887

Tax on profit

7

163,487

343,987

PROFIT FOR THE FINANCIAL YEAR

423,980

971,900

PROFIT FOR THE YEAR

423,980

971,900

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

423,980

971,900

FIXED ASSETS

Intangible assets

9

-

55,400

Tangible assets

10

733,580

540,261

Investment property

11

150,000

150,000

883,580

745,661

CURRENT ASSETS

Stocks

12

3,778,496

4,208,005

Debtors

13

5,830,594

4,635,414

Cash at bank and in hand

560,681

334,426

10,169,771

9,177,845

CREDITORS

Amounts falling due within one year

14

2,229,707

1,255,389

NET CURRENT ASSETS

7,940,064

7,922,456

TOTAL ASSETS LESS CURRENT LIABILITIES

8,823,644

8,668,117

CREDITORS

Amounts falling due after more than one year

15

(82,928

)

(137,604

)

PROVISIONS FOR LIABILITIES

18

(60,067

)

(46,689

)

NET ASSETS

8,680,649

8,483,824

CAPITAL AND RESERVES

Called up share capital

19

1,000

1,000

Retained earnings

20

8,679,649

8,482,824

SHAREHOLDERS' FUNDS

8,680,649

8,483,824

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

T West - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st January 2023

1,000

8,649,478

8,650,478

Changes in equity

Dividends

-

(1,138,554

)

(1,138,554

)

Total comprehensive income

-

971,900

971,900

Balance at 31st December 2023

1,000

8,482,824

8,483,824

Changes in equity

Dividends

-

(227,155

)

(227,155

)

Total comprehensive income

-

423,980

423,980

Balance at 31st December 2024

1,000

8,679,649

8,680,649

Cash flows from operating activities

Cash generated from operations

1

1,014,859

773,469

Interest paid

(3,864

)

(1,279

)

Interest element of hire purchase and finance lease rental payments paid

(6,600

)

(723

)

Tax paid

(372,000

)

(377,385

)

Taxation refund

93,961

-

Net cash from operating activities

726,356

394,082

Cash flows from investing activities

Purchase of tangible fixed assets

(367,274

)

(386,481

)

Sale of intangible fixed assets

-

200,000

Sale of tangible fixed assets

8,000

51,755

Interest received

24,401

27,923

Net cash from investing activities

(334,873

)

(106,803

)

Cash flows from financing activities

Capital repayments in year

(79,301

)

162,482

Amount introduced by directors

141,529

17,000

Amount withdrawn by directors

-

(172,221

)

Intercompany loan movement

(25,970

)

-

Equity dividends paid

(82,199

)

(1,138,554

)

Net cash from financing activities

(45,941

)

(1,131,293

)

Increase/(decrease) in cash and cash equivalents

345,542

(844,014

)

Cash and cash equivalents at beginning of year

2

215,139

1,059,153

Cash and cash equivalents at end of year

2

560,681

215,139

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.24

31.12.23

£

£

Profit before taxation

587,467

1,315,887

Depreciation charges

254,318

183,406

Loss/(profit) on disposal of fixed assets

1,192

(129,184

)

Finance costs

10,464

2,002

Finance income

(24,401

)

(27,923

)

829,040

1,344,188

Decrease/(increase) in stocks

429,509

(325,094

)

Increase in trade and other debtors

(1,326,817

)

(245,279

)

Increase/(decrease) in trade and other creditors

1,083,127

(346

)

Cash generated from operations

1,014,859

773,469

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

560,681

334,426

Bank overdrafts

-

(119,287

)

560,681

215,139

Year ended 31st December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

334,426

1,059,153

Bank overdrafts

(119,287

)

-

215,139

1,059,153

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

334,426

226,255

560,681

Bank overdrafts

(119,287

)

119,287

-

215,139

345,542

560,681

Debt

Hire purchase and finance leases

(208,772

)

45,145

(163,627

)

(208,772

)

45,145

(163,627

)

Total

6,367

390,687

397,054

1.	STATUTORY INFORMATION

S.T.L. Trading Company 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 paid in connection with the acquisition of a business in 2004 is being amortised evenly over its estimated useful life of twenty years.

In October 2016, the company purchased the goodwill of Newtech Hardware Limited in the amount of £125,000 and is being amortised evenly over its estimated useful life of three 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

25% on reducing balance

During the year ended 31 December 2023, the company changed its depreciation method for its plant and machinery from the 25% reducing balance method to the straight-line method, over a period of 5 years. The company has also changed its depreciation method for its fixtures and fittings from the 25% reducing balance method to varying rates of cost, varying from 1 to 5 years. This change was made to better reflect the usage pattern and economic benefits of these assets.

As a result of these changes, the depreciation expense for the current year increased by £18,197 (2023: £14,760).

This change has been accounted for prospectively, in accordance with FRS102.

Investment property

Investment properties were valued by the directors at the balance sheet date.

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.

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.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

31.12.24

31.12.23

£

£

United Kingdom

13,275,467

12,045,714

Europe

323,499

531,522

United States of America

909

-

Asia

-

53,505

New Zealand

7,284

3,268

Australia

(201

)

201

13,606,958

12,634,210

4.	EMPLOYEES AND DIRECTORS

31.12.24

31.12.23

£

£

Wages and salaries

2,429,581

1,866,409

Social security costs

254,909

190,924

Other pension costs

73,020

16,410

2,757,510

2,073,743

The average number of employees during the year was as follows:

31.12.24

31.12.23

Warehouse, administration and sales

49

45

31.12.24

31.12.23

£

£

Directors' remuneration

362,344

206,608

Directors' pension contributions to money purchase schemes

50,000

-

Information regarding the highest paid director is as follows:

31.12.24

31.12.23

£

£

Emoluments etc

149,096

114,838

Pension contributions to money purchase schemes

12,500

-

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.12.24

31.12.23

£

£

Other operating leases

300,000

200,000

Depreciation - owned assets

120,501

81,996

Depreciation - assets on hire purchase contracts and finance leases

78,418

26,835

Loss/(profit) on disposal of fixed assets

1,192

(129,184

)

Goodwill amortisation

55,400

74,575

Auditors' remuneration

5,500

5,500

In addition to being remunerated for Audit work the auditors charged for payroll and accounting services in the amount of £17,407 (2023: £25,137).

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.12.24

31.12.23

£

£

Other interest

3,864

-

Interest on taxation

-

1,279

Hire purchase interest

6,600

723

10,464

2,002

7.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.12.24

31.12.23

£

£

Current tax:

UK corporation tax

150,109

355,039

Deferred tax

13,378

(11,052

)

Tax on profit

163,487

343,987

UK corporation tax has been charged at 25% .