Stanley Street Motors Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08501787

Stanley Street Motors Limited

Unaudited financial statements

For the period ended

31 July 2025

Stanley Street Motors Limited

Statement of financial position

31 July 2025

	31 Jul 25		30 Sep 24
Note	£	£	£	£

Fixed assets

Intangible assets	5	–	11,932
Tangible assets	6	–	1,816
		----	-------
		–	13,748

Current assets

Stocks		–	71,685
Debtors	7	15,034	16,811
Cash at bank and in hand		78,916	166,146
		-------	---------
		93,950	254,642

Creditors: Amounts falling due within one year	8	( 202,980)		( 37,665)
		---------		---------
Net current (liabilities)/assets			( 109,030)		216,977
			---------		---------
Total assets less current liabilities			( 109,030)		230,725
			---------		---------
Net (liabilities)/assets			( 109,030)		230,725
			---------		---------

Capital and reserves

Called up share capital	1,000	191,000
Profit and loss account	( 110,030)	39,725
	---------	---------
Shareholders (deficit)/funds	( 109,030)	230,725
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the period ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Stanley Street Motors Limited

Statement of financial position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 18 November 2025 , and are signed on behalf of the board by:

Miss C Murphy

Director

Company registration number: 08501787

Stanley Street Motors Limited

Notes to the financial statements

Period from 1 October 2024 to 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Stanley Street Motors, Stanley Street, Lowestoft, Suffolk, NR32 2DY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	20% reducing balance
Office Equipment	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of employees during the period was Nil (2024: Nil).

5. Intangible assets

	Goodwill
	£
Cost
At 1 October 2024	75,000
Additions	–
Disposals of previously acquired businesses	( 75,000)
	-------
At 31 July 2025	–
	-------
Amortisation
At 1 October 2024	63,068
Charge for the period	11,932
Disposals of previously acquired businesses	( 75,000)
	-------
At 31 July 2025	–
	-------
Carrying amount
At 31 July 2025	–
	-------
At 30 September 2024	11,932
	-------

Goodwill has been amortised over 22 months as this was the basis that was deemed reasonable when considering events after the post balance sheet date. The company has ceased its trading activities with effect from 30 April 2025.

6. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 October 2024	4,511	5,505	10,016
Disposals	( 4,511)	( 5,505)	( 10,016)
	------	------	-------
At 31 July 2025	–	–	–
	------	------	-------
Depreciation
At 1 October 2024	3,530	4,670	8,200
Disposals	( 3,530)	( 4,670)	( 8,200)
	------	------	-------
At 31 July 2025	–	–	–
	------	------	-------
Carrying amount
At 31 July 2025	–	–	–
	------	------	-------
At 30 September 2024	981	835	1,816
	------	------	-------

7. Debtors

	31 Jul 25	30 Sep 24
	£	£
Trade debtors	206	12,141
Other debtors	14,828	4,670
	-------	-------
	15,034	16,811
	-------	-------

8. Creditors: Amounts falling due within one year

	31 Jul 25	30 Sep 24
	£	£
Trade creditors	9,080	16,596
Social security and other taxes	–	17,929
Other creditors	193,900	3,140
	---------	-------
	202,980	37,665
	---------	-------