| Registered Number:12572393 |
For the year ended 30 April 2025
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2025
Standerwick & Stott Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Standerwick & Stott Ltd
Statement of Financial Position
2024
2025
| Property, plant and equipment |
37,985
44,201
2
37,985
44,201
| Trade and other receivables |
52,656
120,598
3
15,767
| Cash and cash equivalents |
23,419
144,017
68,423
| Trade and other payables: amounts falling due within one year |
(136,753)
(207,200)
4
(68,330)
(63,183)
Net current liabilities
| Total assets less current liabilities |
(25,198)
(24,129)
| Trade and other payables: amounts falling due after more than one |
| year |
(57,379)
(44,214)
5
(69,412)
Net liabilities
(81,508)
1
1
(69,413)
(81,509)
(69,412)
(81,508)
Shareholders' funds
| For the year ended 30 April 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 of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Stephen Spencer Standerwick Director |
| These financial statements were approved and authorised for issue by the Board on 03 December 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 April 2025
Standerwick & Stott Ltd
Notes to the Financial Statements
Statutory Information
| Standerwick & Stott Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 12572393. |
| Principal place of business: |
Unit 5 Tesco Brunton Lane
Kingston Park
Newcastle Upon Tyne
Northumberland
NE3 2FP
59 Hillhead Way
Newcastle Upon Tyne
Northumberland
NE5 5QR
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of 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 costs convention as modified by the revaluation of certain assets. |
| The director has reviewed the company's financial forecast for 12 months from the date of signing the accounts and concludes |
| that the company remains a going concern. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Furniture and fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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 rates and laws that have been enacted or substantively enacted |
| by the Statement of Financial Position date. |
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For the year ended 30 April 2025
Standerwick & Stott Ltd
Notes to the Financial Statements Continued
Impairment of Assets
| At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an |
| impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and |
| compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its |
| recoverable amount and an impairment loss is recognised immediately in the profit or loss. |
| If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its |
| recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised in |
| prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss. |
Basic Financial Instruments
| Basic financial instruments that are payable or receivable within one year, typically trade creditors and debtors, are measured |
| initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received |
| less impairment losses for bad and doubtful debts. |
| 2. Property, plant and equipment |
62,590
2,230
9,845
50,515
608
-
332
276
50,791
10,177
2,230
63,198
| Provision for depreciation and impairment |
18,389
1,389
4,073
12,927
Charge for year
6,824
277
1,495
5,052
25,213
1,666
5,568
17,979
32,812
4,609
564
37,985
37,588
5,772
841
44,201
| 3. Trade and other receivables |
2024
2025
| Prepayments and accrued income |
3,138
1,333
| Amounts owed by directors |
81,628
40,348
| Taxation and social security |
-
6,600
35,832
4,375
52,656
120,598
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For the year ended 30 April 2025
Standerwick & Stott Ltd
Notes to the Financial Statements Continued
| 4. Trade and other payables: amounts falling due within one year |
2024
2025
-
246
| Taxation and social security |
79,028
45,694
| Accruals and deferred income |
44,299
34,284
83,873
56,529
207,200
136,753
| 5. Trade and other payables: amounts falling due after more than one year |
2024
2025
44,214
57,379
| 6. Related party transactions |
| Ms Stott resigned as director on 29th April 2025. At that date, Ms Stott's director's loan account was reclassified as a loan to a |
| participator, and included in other debtors. |
| During the year Ms Stott was loaned £25,253 and by the year end had repaid £2,355. At the year end the balance on the loan was |
| £31,456 (2024 £8,558). Interest of 0% is being charged in respect of the loan and there are no formal repayment terms. |
| 7. Directors advances and guarantees |
Loaned
Repaid
Mr Stephen Spencer Standerwick
| Loan to the director, interest of 0% is being charged and there are no formal repayment terms. |
81,628
31,789
71,607
21,768
81,628
31,789
71,607
21,768
| 8. Guarantees and other financial commitments |
| At 30 April 2025 the company had annual commitments under non-cancellable operating leases as set out below: |
2024
2025
| Operating leases which expire: |
26,065
26,065
86,180
77,177
22,560
39,622
125,802
151,867
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For the year ended 30 April 2025
Standerwick & Stott Ltd
Notes to the Financial Statements Continued
| 9. Average number of persons employed |
During the year the average number of employees was 7 (2024 : 7)
5 of 5