Company Registration No. 7904732 (England and Wales)
STRIKE 1 DEMO LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
STRIKE 1 DEMO LTD
COMPANY INFORMATION
Director
S Agnew
Company number
7904732
Registered office
139 Buckingham Road
Borehamwood
Herts
WD6 2QX
STRIKE 1 DEMO LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
STRIKE 1 DEMO LTD
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
76
102
Current assets
Debtors
3
2,680
6,864
Cash at bank and in hand
37,523
43,473
40,203
50,337
Creditors: amounts falling due within one year
4
(35,685)
(38,455)
Net current assets
4,518
11,882
Total assets less current liabilities
4,594
11,984
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
4,494
11,884
Total equity
4,594
11,984

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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

The financial statements were approved and signed by the director and authorised for issue on 18 September 2023
S Agnew
Director
Company Registration No. 7904732
STRIKE 1 DEMO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information

Strike 1 Demo Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 139 Buckingham Road, Borehamwood, Herts, WD6 2QX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

STRIKE 1 DEMO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 and 31 January 2023
648
Depreciation and impairment
At 1 February 2022
546
Depreciation charged in the year
26
At 31 January 2023
572
Carrying amount
At 31 January 2023
76
At 31 January 2022
102
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
2,680
6,864
4
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
17,363
15,791
Other taxation and social security
2,467
2,550
Other creditors
15,855
20,114
35,685
38,455
5
Called up share capital
2023
2022
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
100 Ordinary of £1 each
100
100
Authorised
100 of £1 each
100
100
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