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

STANDARD ENGINEERING HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11922929

Standard Engineering Holdings Limited

Filleted Unaudited Financial Statements

For the year ended

31 July 2021

Standard Engineering Holdings Limited

Financial Statements

Year ended 31 July 2021

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

Standard Engineering Holdings Limited

Officers and Professional Advisers

DIRECTOR	K A Malyon

COMPANY SECRETARY	V Castagnette

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

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

Standard Engineering Holdings Limited

Statement of Financial Position

31 July 2021

	2021	2020
Note	£	£

Fixed assets

Investments	5	280,000	280,000

Current assets

Debtors	6	2,038	–
Cash at bank and in hand		340	5,471
		-------	-------
		2,378	5,471

Creditors: amounts falling due within one year	7	143,849	142,002
		---------	---------
Net current liabilities		141,471	136,531
		---------	---------
Total assets less current liabilities		138,529	143,469
		---------	---------
Net assets		138,529	143,469
		---------	---------

Capital and reserves

Called up share capital	30,001	30,001
Profit and loss account	108,528	113,468
	---------	---------
Shareholders funds	138,529	143,469
	---------	---------

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 comprehensive income has not been delivered.

For the year ending 31 July 2021 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 .

These financial statements were approved by the board of directors and authorised for issue on 29 April 2022 , and are signed on behalf of the board by:

K A Malyon
Director

Company registration number: 11922929

Standard Engineering Holdings Limited

Notes to the Financial Statements

Year ended 31 July 2021

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, 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 period

These financial statements are for the year ended 31 July 2021.

The comparative figures are for the period from 3 April 2019 to 31 July 2020.

4. 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.

Going concern

The company is reliant on the continued support of related parties. The director is confident that the support will continue to be sufficient to meet the requirements of the company and the financial statements have therefore been prepared on a going concern basis.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of income and retained earnings, 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.

5. Investments

	Shares in group undertakings
	£
Cost
At 1 August 2020 and 31 July 2021	280,000
	---------
Impairment
At 1 August 2020 and 31 July 2021	–
	---------

Carrying amount
At 31 July 2021	280,000
	---------
At 31 July 2020	280,000
	---------

6. Debtors

	2021	2020
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,037	–
Other debtors	1	–
	-------	----
	2,038	–
	-------	----

7. Creditors: amounts falling due within one year

	2021	2020
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	48,004	–
Other creditors	95,845	142,002
	---------	---------
	143,849	142,002
	---------	---------

8. Director's advances, credits and guarantees

The director maintains a loan account with the company. At the beginning of the year £2,763 was due to the director. During the year advances were made to the director of £14,778 and repayments were made totalling £12,014. The balance due to the company at the year end was £1.