REGISTERED NUMBER: 14776211 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Stearman Engineering Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C R Maher

Mrs K A Maher

SECRETARY:

Mrs K A Maher

REGISTERED OFFICE:

9 Perseverance Works

Kingsland Road

London

E2 8DD

REGISTERED NUMBER:

14776211 (England and Wales)

ACCOUNTANTS:

Harding & Humphries

5 Victoria Buildings

Victoria Road

Freshfield

Liverpool

Merseyside

L37 7DB

FIXED ASSETS

Tangible assets

4

6,607

4,896

CURRENT ASSETS

Debtors

5

31

1,760

Cash at bank

83,734

96,180

83,765

97,940

CREDITORS

Amounts falling due within one year

6

29,461

33,320

NET CURRENT ASSETS

54,304

64,620

TOTAL ASSETS LESS CURRENT LIABILITIES

60,911

69,516

PROVISIONS FOR LIABILITIES

1,652

1,106

NET ASSETS

59,259

68,410

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

59,257

68,408

SHAREHOLDERS' FUNDS

59,259

68,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 12 December 2025 and were signed on its behalf by:

C R Maher - Director

1.	STATUTORY INFORMATION

Stearman Engineering Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

6,114

414

6,528

Additions

1,820

2,092

3,912

At 31 March 2025

7,934

2,506

10,440

DEPRECIATION

At 1 April 2024

1,528

104

1,632

Charge for year

1,601

600

2,201

At 31 March 2025

3,129

704

3,833

NET BOOK VALUE

At 31 March 2025

4,805

1,802

6,607

At 31 March 2024

4,586

310

4,896

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

1,760

Other debtors

31

-

31

1,760

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

21,672

21,116

Other creditors

7,789

12,204

29,461

33,320

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2