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Registered number: 10927505
The Station Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
CJM Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 10927505
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,583 1,683
Tangible Assets 5 508,661 605,432
510,244 607,115
CURRENT ASSETS
Stocks 6 925,000 590,000
Debtors 7 142,065 247,824
Cash at bank and in hand 362,860 455,898
1,429,925 1,293,722
Creditors: Amounts Falling Due Within One Year 8 (581,384 ) (537,173 )
NET CURRENT ASSETS (LIABILITIES) 848,541 756,549
TOTAL ASSETS LESS CURRENT LIABILITIES 1,358,785 1,363,664
Creditors: Amounts Falling Due After More Than One Year 9 (10,481 ) (34,935 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 12 (52,228 ) (62,744 )
NET ASSETS 1,296,076 1,265,985
CAPITAL AND RESERVES
Called up share capital 14 100 100
Profit and Loss Account 1,295,976 1,265,885
SHAREHOLDERS' FUNDS 1,296,076 1,265,985
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Davies
Director
04/12/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Station Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10927505 . The registered office is The Station Inn, Marshbrook, Church Stretton, Shropshire, SY6 6QE.
The presentation currency of the financial statements is Pound Sterling (£)
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 41 (2024: 41)
41 41
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2024 2,000
As at 31 March 2025 2,000
Amortisation
As at 1 April 2024 317
Provided during the period 100
As at 31 March 2025 417
Net Book Value
As at 31 March 2025 1,583
As at 1 April 2024 1,683
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 259,847 202,201 382,658 77,351
Additions - - 81,695 -
Disposals - - (162,774 ) (2,554 )
As at 31 March 2025 259,847 202,201 301,579 74,797
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2024 - 138,291 138,430 41,208
Provided during the period - 15,978 57,153 8,744
Disposals - - (68,586 ) (1,386 )
As at 31 March 2025 - 154,269 126,997 48,566
Net Book Value
As at 31 March 2025 259,847 47,932 174,582 26,231
As at 1 April 2024 259,847 63,910 244,228 36,143
Computer Equipment Total
£ £
Cost
As at 1 April 2024 23,008 945,065
Additions - 81,695
Disposals (1,165 ) (166,493 )
As at 31 March 2025 21,843 860,267
Depreciation
As at 1 April 2024 21,704 339,633
Provided during the period 1,235 83,110
Disposals (1,165 ) (71,137 )
As at 31 March 2025 21,774 351,606
Net Book Value
As at 31 March 2025 69 508,661
As at 1 April 2024 1,304 605,432
6. Stocks
2025 2024
£ £
Stock 925,000 590,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 103,985 130,268
Other debtors 38,080 117,556
142,065 247,824
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,987 13,974
Trade creditors 334,570 288,209
Bank loans and overdrafts 62,151 60,601
Other creditors 19,383 17,532
Taxation and social security 158,293 156,857
581,384 537,173
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,481 34,935
10. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 17,468 48,909
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,987 13,974
Later than one year and not later than five years 10,481 34,935
17,468 48,909
17,468 48,909
12. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 52,228 62,744
13. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 62,744 62,744
Deferred taxation (10,516 ) (10,516 )
Balance at 31 March 2025 52,228 52,228
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14. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 7