Stepped Piston Engines Limited,Ltd - AccountsLtd - Accounts

STEPPED PISTON ENGINES LIMITED - Company Information

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Stepped Piston Engines Limited

Registered Number:SC078255

For the year ended 30 June 2022

Scotland

Annual Accounts

Registered Number :

SC078255

As at 30 June 2022

Stepped Piston Engines Limited

Statement of Financial Position

2021

2022

Notes

Fixed assets

Financial assets

Current assets

Trade and other receivables

175

Trade and other payables: amounts falling due within one year

(148,395)

(148,220)

Net current liabilities

Total assets less current liabilities

(148,168)

Net liabilities

(148,168)

Capital and reserves

Called up share capital

169,046

Share premium account

185,826

Retained earnings

(503,040)

(148,168)

Shareholders' funds

For the year ended 30 June 2022 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 of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of

its profit or loss for each financial year in accordance with the requirements of Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

NGT Dunlop Director

These financial statements were approved and authorised for issue by the Board on 02 February 2023 and were signed by:

The notes form part of these financial statements

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For the year ended 30 June 2022

Stepped Piston Engines Limited

Notes to the Financial Statements

Statutory Information

Stepped Piston Engines Limited is a private limited company, limited by shares, domiciled in Scotland, registration number SC078255.

Registered address:

McKinnons

Kilchoan

Kimelford

Oban

PA34 4XD

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been

prepared under the historical costs convention as modified by the revaluation of certain assets.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

2. Property, plant and equipment

Plant and

machinery

Cost or valuation

At 01 July 2021

7,464

At 30 June 2022

7,464

Provision for depreciation and impairment

At 01 July 2021

7,464

At 30 June 2022

7,464

At 30 June 2022

Net book value

At 30 June 2021

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For the year ended 30 June 2022

Stepped Piston Engines Limited

Notes to the Financial Statements Continued

3. Investments held as fixed assets

Other investments

Total

At 01 July 2021

Cost

At 30 June 2022

Net book value

At 01 July 2021

4. Trade and other receivables

2021

2022

Other debtors

175

5. Trade and other payables: amounts falling due within one year

2021

2022

Amounts owed to group undertaking and undertaking in which the company has a

participating interest

147,592

Other creditors

803

148,395

6. Average number of persons employed

During the year the average number of employees was 0

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