Standard Group Limited Filleted accounts for Companies House (small and micro)

STANDARD GROUP LIMITED - Company Information

0 false false false false false false false false false true false false false false false false No description of principal activity 2019-08-01 Sage Accounts Production Advanced 2020 - FRS102_2019 760,506 670,376 670,376 90,130 760,506 xbrli:pure xbrli:shares iso4217:GBP 05793925 2019-08-01 2020-07-31 05793925 2020-07-31 05793925 2018-08-01 2019-07-31 05793925 2019-07-31 05793925 bus:RegisteredOffice 2019-08-01 2020-07-31 05793925 bus:LeadAgentIfApplicable 2019-08-01 2020-07-31 05793925 bus:Director1 2019-08-01 2020-07-31 05793925 bus:CompanySecretary1 2019-08-01 2020-07-31 05793925 core:WithinOneYear 2020-07-31 05793925 core:WithinOneYear 2019-07-31 05793925 core:UKTax 2018-08-01 2019-07-31 05793925 core:ShareCapital 2020-07-31 05793925 core:ShareCapital 2019-07-31 05793925 core:CapitalRedemptionReserve 2020-07-31 05793925 core:CapitalRedemptionReserve 2019-07-31 05793925 core:RetainedEarningsAccumulatedLosses 2020-07-31 05793925 core:RetainedEarningsAccumulatedLosses 2019-07-31 05793925 core:CostValuation core:Non-currentFinancialInstruments 2020-07-31 05793925 core:ImpairmentLossProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2020-07-31 05793925 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2020-07-31 05793925 core:Non-currentFinancialInstruments 2020-07-31 05793925 core:Non-currentFinancialInstruments 2019-07-31 05793925 bus:SmallEntities 2019-08-01 2020-07-31 05793925 bus:AuditExemptWithAccountantsReport 2019-08-01 2020-07-31 05793925 bus:FullAccounts 2019-08-01 2020-07-31 05793925 bus:SmallCompaniesRegimeForAccounts 2019-08-01 2020-07-31 05793925 bus:PrivateLimitedCompanyLtd 2019-08-01 2020-07-31

COMPANY REGISTRATION NUMBER: 05793925

Standard Group Limited

Filleted Unaudited Financial Statements

For the year ended

31 July 2020

Standard Group Limited

Financial Statements

Year ended 31 July 2020

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Standard Group Limited

Officers and Professional Advisers

DIRECTOR	K A Malyon

COMPANY SECRETARY	V Castagnette

REGISTERED OFFICE	10 Garrard Way
	Telford Way Industrial Estate
	Kettering
	Northamptonshire
	England
	NN16 8TD

ACCOUNTANTS	Streets
	Chartered accountants
	Potton House
	Wyboston Lakes
	Great North Road
	Wyboston
	Bedford
	MK44 3BZ

Standard Group Limited

Statement of Financial Position

31 July 2020

	2020	2019
Note	£	£

Fixed assets

Investments	5	90,130	760,506

Current assets

Debtors	6	182,881	671
Cash at bank and in hand		–	6,227
		---------	-------
		182,881	6,898

Creditors: amounts falling due within one year	7	5,627	589,920
		---------	---------
Net current assets/(liabilities)		177,254	( 583,022)
		---------	---------
Total assets less current liabilities		267,384	177,484
		---------	---------
Net assets		267,384	177,484
		---------	---------

Capital and reserves

Called up share capital	60,000	60,000
Capital redemption reserve	25,000	25,000
Profit and loss account	182,384	92,484
	---------	---------
Shareholders funds	267,384	177,484
	---------	---------

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 statement of income and retained earnings has not been delivered.

For the year ending 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Standard Group Limited

Statement of Financial Position (continued)

31 July 2020

These financial statements were approved by the board of directors and authorised for issue on 15 March 2021 , and are signed on behalf of the board by:

K A Malyon
Director

Company registration number: 05793925

Standard Group Limited

Notes to the Financial Statements

Year ended 31 July 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Garrard Way, Telford Way Industrial Estate, Kettering, Northamptonshire, NN16 8TD, England.

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 and prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents rents receivable by the company accounted for on an accruals basis, net of value added tax.

Taxation

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.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

4. Tax on profit

Major components of tax expense

	2020	2019
	£	£

Current tax:

UK current tax expense	–	1,144
	----	-------
Tax on profit	–	1,144
	----	-------

5. Investments

	Shares in group undertakings
	£
Cost
At 1 August 2019 and 31 July 2020	760,506
	---------
Impairment
At 1 August 2019	–
Impairment losses	670,376
	---------
At 31 July 2020	670,376
	---------

Carrying amount
At 31 July 2020	90,130
	---------
At 31 July 2019	760,506
	---------

6. Debtors

	2020	2019
	£	£
Other debtors	182,881	671
	---------	----

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	288	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	581,844
Corporation tax	–	4,177
Other creditors	5,339	3,899
	-------	---------
	5,627	589,920
	-------	---------

8. Director's advances, credits and guarantees

The director maintains a loan account with the company. At the beginning of the year the director owed the company £671. During the year there were advances to the director of £nil and repayments of £671. At the year end date the company owed the director £nil. During the year no interest was charged and no amounts were written off.

9. Controlling party

The company's parent undertaking is Standard Engineering Holdings Limited, a company incorporated in England and Wales and whose Registered Office address is 10 Garrard Way, Telford Way Industrial Estate, Kettering, England, NN16 8TD.