Company Registration No. 03396783 (England and Wales)
Stanway Engineering Limited
Unaudited accounts
for the year ended 31 July 2018
Stanway Engineering Limited
Unaudited accounts
Contents
Stanway Engineering Limited
Company Information
for the year ended 31 July 2018
Directors
Sean Stanway
Stuart Bolton
Company Number
03396783 (England and Wales)
Registered Office
Unit 14A, Chingford Industrial Estate
Hall Lane
London
E4 8DJ
United Kingdom
Accountants
Geppert & Co
PO Box 9938
Epping
Essex
CM16 9BF
Stanway Engineering Limited
Statement of financial position
as at 31 July 2018
Tangible assets
42,492
46,473
Inventories
75,589
106,050
Cash at bank and in hand
1,686
1,690
Creditors: amounts falling due within one year
(134,612)
(208,359)
Net current liabilities
(15,688)
(3,243)
Total assets less current liabilities
26,804
43,230
Creditors: amounts falling due after more than one year
(51,573)
(49,743)
Net liabilities
(24,769)
(6,513)
Called up share capital
100
100
Profit and loss account
(24,869)
(6,613)
Shareholders' funds
(24,769)
(6,513)
For the year ending 31 July 2018 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 23 April 2019.
Sean Stanway
Director
Company Registration No. 03396783
Stanway Engineering Limited
Notes to the Accounts
for the year ended 31 July 2018
Stanway Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 03396783. The registered office is Unit 14A, Chingford Industrial Estate, Hall Lane, London, E4 8DJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation is provided
Plant & machinery
25% on reducing balance
Motor vehicles
20% on reducing balance
Stanway Engineering Limited
Notes to the Accounts
for the year ended 31 July 2018
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2017
29,238
48,978
41,210
119,426
At 31 July 2018
29,238
48,978
41,210
119,426
At 1 August 2017
-
38,298
34,655
72,953
Charge for the year
-
2,670
1,311
3,981
At 31 July 2018
-
40,968
35,966
76,934
At 31 July 2018
29,238
8,010
5,244
42,492
At 31 July 2017
29,238
10,680
6,555
46,473
Finished goods
75,589
106,050
Trade debtors
39,899
95,626
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
9,770
9,666
Trade creditors
38,935
105,617
Taxes and social security
32,005
36,315
Other creditors
7,500
7,500
Loans from directors
27,402
30,261
8
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
51,573
49,743
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Stanway Engineering Limited
Notes to the Accounts
for the year ended 31 July 2018
10
Average number of employees
During the year the average number of employees was 4 (2017: 3).
