REGISTERED NUMBER: 13075479 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

STC Automotives Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S T Conway

REGISTERED OFFICE:

13 Blackmoor Walk

Havant

United Kingdom

Hampshire

PO9 5PR

REGISTERED NUMBER:

13075479 (England and Wales)

ACCOUNTANTS:

Pace Accountants

Noble House

Eaton Road

Hemel Hempstead

Hertfordshire

HP2 7UB

FIXED ASSETS

Tangible assets

4

7,826

7,022

CURRENT ASSETS

Debtors

5

3,102

1,362

Cash at bank

10,168

22,153

13,270

23,515

CREDITORS

Amounts falling due within one year

6

12,212

6,862

NET CURRENT ASSETS

1,058

16,653

TOTAL ASSETS LESS CURRENT LIABILITIES

8,884

23,675

RESERVES

Retained earnings

8,884

23,675

8,884

23,675

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 director acknowledges his 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 director and authorised for issue on 31 December 2025 and were signed by:

S T Conway - Director

1.	STATUTORY INFORMATION

STC Automotives 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 and depreciation

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

18% on reducing balance

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.

Hire purchase and leasing commitments

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

2,496

3,697

2,946

1,381

10,520

Additions

3,071

-

-

266

3,337

At 31 December 2024

5,567

3,697

2,946

1,647

13,857

DEPRECIATION

At 1 January 2024

999

1,233

990

276

3,498

Charge for year

1,113

739

352

329

2,533

At 31 December 2024

2,112

1,972

1,342

605

6,031

NET BOOK VALUE

At 31 December 2024

3,455

1,725

1,604

1,042

7,826

At 31 December 2023

1,497

2,464

1,956

1,105

7,022

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

3,102

-

Other debtors

-

217

Directors' current accounts

-

1,145

3,102

1,362

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,548

519

Tax

7,025

4,009

Social security and other taxes

228

261

VAT

385

861

Directors' current accounts

1,154

-

Accruals and deferred income

1,872

1,212

12,212

6,862

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

1,500

2,643

Between one and five years

-

1,324

1,500

3,967

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

S T Conway

Balance outstanding at start of year

1,145

1,361

Amounts advanced

34,701

41,697

Amounts repaid

(37,000

)

(41,913

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,154

)

1,145