Scientific & Technical Engineering Partnership Ltd iXBRL

Scientific & Technical Engineering Partnership Ltd

Abridged Unaudited Financial Statements

for the financial year ended 31 August 2025

Scientific & Technical Engineering Partnership Ltd

Company Registration Number: NI608431

ABRIDGED BALANCE SHEET

as at 31 August 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

46,816

55,473

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Current Assets

Stocks

138,728

127,286

Debtors

329,795

176,755

Cash and cash equivalents

267,058

330,742

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735,581

634,783

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Creditors: amounts falling due within one year

(116,010)

(64,901)

─────────

Net Current Assets

619,571

569,882

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Total Assets less Current Liabilities

666,387

625,355

Provisions for liabilities

(10,322)

(12,486)

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Net Assets

656,065

612,869

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Capital and Reserves

Called up share capital

1,000

1,000

Retained earnings

655,065

611,869

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Shareholders' Funds

656,065

612,869

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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 22 June 2026



________________________________
Mr. Michael Carr
Director

Scientific & Technical Engineering Partnership Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 August 2025

General Information

Scientific & Technical Engineering Partnership Ltd is a private company limited by shares incorporated in Northern Ireland. 13 Corcreechy Road, Newry, Co. Down, BT34 1LR, Northern Ireland is the registered office, which is also the principal place of business of the company.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

These financial statements cover the individual entity for the year ended 31st August 2025.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax.

Goodwill

Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 8 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold

4% Straight line

Plant and machinery

20% Straight line

Fixtures, fittings and equipment

25% Reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including director, during the financial year was;

2025

2024

Number

Number

Employees

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4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 September 2024	300,000
		─────────

	At 31 August 2025	300,000
		─────────
	Amortisation

	At 31 August 2025	300,000
		─────────
	Net book value
	At 31 August 2025	-
		═════════


5.	Tangible assets
		Land and	Plant and	Fixtures,	Total
		buildings	machinery	fittings and
		freehold		equipment
		£	£	£	£
	Cost
	At 1 September 2024	5,527	70,120	44,949	120,596
	Additions	-	7,667	-	7,667
		─────────	─────────	─────────	─────────
	At 31 August 2025	5,527	77,787	44,949	128,263
		─────────	─────────	─────────	─────────
	Depreciation
	At 1 September 2024	-	53,215	11,908	65,123
	Charge for the financial year	-	11,701	4,623	16,324
		─────────	─────────	─────────	─────────
	At 31 August 2025	-	64,916	16,531	81,447
		─────────	─────────	─────────	─────────
	Net book value
	At 31 August 2025	5,527	12,871	28,418	46,816
		═════════	═════════	═════════	═════════
	At 31 August 2024	5,527	16,905	33,041	55,473
		═════════	═════════	═════════	═════════

Pension commitments

The company operates a defined contribution pension scheme for the benefit of it's employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date there were outstanding contributions of £1,078 due to the fund (2024: £587). These amounts are included in Creditors: amounts falling due within one year.