Station Road (Nantgaredig) Limited 31/03/2023 iXBRL

STATION ROAD (NANTGAREDIG) LTD - Company Information

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Company registration number: 12577928

Station Road (Nantgaredig) Limited

Unaudited filleted financial statements

31 March 2023

Station Road (Nantgaredig) Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Station Road (Nantgaredig) Limited

Directors and other information


	Directors	Mr Daniel Madge
		Mr Samuel Hawking


	Company number	12577928


	Registered office	65a Station Road
		Port Talbot
		SA13 1NW


	Business address	65 Station Road
		Port Talbot
		SA13 1NW


	Accountants	Morgan Hemp
		103-104 Walter Road
		Swansea
		SA1 5QF

Station Road (Nantgaredig) Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Station Road (Nantgaredig) Limited

Year ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Station Road (Nantgaredig) Limited for the year ended 31 March 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Station Road (Nantgaredig) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Station Road (Nantgaredig) Limited and state those matters that we have agreed to state to the board of directors of Station Road (Nantgaredig) Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Station Road (Nantgaredig) Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Station Road (Nantgaredig) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Station Road (Nantgaredig) Limited. You consider that Station Road (Nantgaredig) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Station Road (Nantgaredig) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Morgan Hemp

103-104 Walter Road

Swansea

SA1 5QF

27 November 2023

Station Road (Nantgaredig) Limited

Statement of financial position

31 March 2023

		2023		2022
	Note	£	£	£	£

Current assets
Stocks		97,094		93,428
Debtors	5	310		355
Cash at bank and in hand		10,191		13,330
		_______		_______
		107,595		107,113
Creditors: amounts falling due
within one year	6	( 109,718)		( 108,353)
		_______		_______
Net current liabilities			( 2,123)		( 1,240)
			_______		_______
Total assets less current liabilities			( 2,123)		( 1,240)

			_______		_______
Net liabilities			( 2,123)		( 1,240)
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			( 2,124)		( 1,241)
			_______		_______
Shareholders deficit			( 2,123)		( 1,240)
			_______		_______

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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.

These financial statements were approved by the board of directors and authorised for issue on 27 November 2023 , and are signed on behalf of the board by:

Mr Daniel Madge Mr Samuel Hawking

Director Director

Company registration number: 12577928

Station Road (Nantgaredig) Limited

Notes to the financial statements

Year ended 31 March 2023

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 65a Station Road, Port Talbot, SA13 1NW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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 comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2022: Nil).

5. Debtors

	2023	2022
	£	£
Other debtors	310	355
	_______	_______

6. Creditors: amounts falling due within one year

	2023	2022
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	108,968	107,603
Other creditors	750	750
	_______	_______
	109,718	108,353
	_______	_______

7. Related party transactions

Included in creditors is a balance of £30,400 (2022: £29,035) owed to SSH Investments Limited, a company connected to the director .Exemption under Section 33.1A has been claimed to not disclose transactions for 100% group companies.