Stroud Associates Ltd Filleted Accounts Cover
Stroud Associates Ltd
Company No. 03954514
Information for Filing with The Registrar
31 March 2022
Stroud Associates Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 March 2022.
Principal activities
The principal activity of the company during the year under review was providing engineering advice within the building industry.
Director
The Director who served at any time during the year was as follows:
P.G. Stroud
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
P.G. Stroud
Director
28 July 2022
Stroud Associates Ltd Balance Sheet Registrar
at
31 March 2022
Company No.
03954514
Notes
2022
2021
£
£
Fixed assets
Tangible assets
4
29,90017,196
29,90017,196
Current assets
Debtors
5
45,44055,906
Cash at bank and in hand
50,48578,021
95,925133,927
Creditors: Amount falling due within one year
6
(49,525)
(66,794)
Net current assets
46,40067,133
Total assets less current liabilities
76,30084,329
Creditors: Amounts falling due after more than one year
7
(6,914)
(33,933)
Net assets
69,38650,396
Capital and reserves
Called up share capital
9999
Profit and loss account
8
69,28750,297
Total equity
69,38650,396
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 28 July 2022
And signed on its behalf by:
P.G. Stroud
Director
28 July 2022
Stroud Associates Ltd Notes to the Accounts Registrar
for the year ended 31 March 2022
1
General information
Its registered number is: 03954514
Its registered office is:
Suite F Harkstead Hall Barns
Lings Lane
Harkstead
Ipswich Suffolk
IP9 1DB
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT.

Turnover includes revenue earned from the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

The stage of the completion of a contract is measured by comparing costs incurred for the work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
Furniture, fittings and equipment
25% straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2022
2021
Number
Number
The average monthly number of employees (including directors) during the year was:
1211
4
Tangible fixed assets
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 April 2021
79,15524,8492,089106,093
Additions
97317,632-18,605
Transfers
2,089-
(2,089)
-
At 31 March 2022
82,21742,481-124,698
Depreciation
At 1 April 2021
77,33911,558-88,897
Charge for the year
1,8434,058-5,901
At 31 March 2022
79,18215,616-94,798
Net book values
At 31 March 2022
3,03526,865-29,900
At 31 March 2021
1,81613,2912,08917,196
5
Debtors
2022
2021
£
£
Trade debtors
25,66931,484
Corporation tax recoverable
-4,695
Prepayments and accrued income
19,77119,727
45,44055,906
6
Creditors:
amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
2,5206,067
Trade creditors
9,2583,063
Corporation tax
7,351-
Other taxes and social security
23,77335,656
Loans from directors
2,73315,996
Other creditors
1062,763
Accruals and deferred income
3,7843,249
49,52566,794
7
Creditors:
amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
6,91433,933
6,91433,933
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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