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REGISTERED NUMBER: 09164517 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Strafforth (Accountants) Limited

Strafforth (Accountants) Limited (Registered number: 09164517)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Strafforth (Accountants) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: S A Biggs





SECRETARY: C E Biggs





REGISTERED OFFICE: 103 Haugh Green
Upper Haugh
Rotherham
South Yorkshire
S62 7FB





REGISTERED NUMBER: 09164517 (England and Wales)






Strafforth (Accountants) Limited (Registered number: 09164517)

Abridged Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,717 18,284
Tangible assets 5 1,894 2,501
12,611 20,785

CURRENT ASSETS
Debtors 9,232 7,516
Cash at bank and in hand 76,886 65,922
86,118 73,438
CREDITORS
Amounts falling due within one year 86,572 80,086
NET CURRENT LIABILITIES (454 ) (6,648 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,157 14,137

CREDITORS
Amounts falling due after more than one year - (199 )

PROVISIONS FOR LIABILITIES 6 (239 ) (328 )
NET ASSETS 11,918 13,610

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 11,818 13,510
SHAREHOLDERS' FUNDS 11,918 13,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Strafforth (Accountants) Limited (Registered number: 09164517)

Abridged Balance Sheet - continued
31 August 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 11 October 2023 and were signed by:





S A Biggs - Director


Strafforth (Accountants) Limited (Registered number: 09164517)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Strafforth (Accountants) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net value of services provided, whether invoiced or not, and goods supplied excluding value added tax.

Goodwill
Goodwill arises upon the acquisition of fees and is amortised evenly over a period of 10 years, unless specific fees are regarded as no longer recurring at which point an impairment write down will be made in recognition of this event.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery etc - 20% on cost and 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs & other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Strafforth (Accountants) Limited (Registered number: 09164517)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022
and 31 August 2023 75,668
AMORTISATION
At 1 September 2022 57,384
Amortisation for year 7,567
At 31 August 2023 64,951
NET BOOK VALUE

At 31 August 2023 10,717
At 31 August 2022 18,284

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 7,942
Additions 87
At 31 August 2023 8,029
DEPRECIATION
At 1 September 2022 5,441
Charge for year 694
At 31 August 2023 6,135
NET BOOK VALUE
At 31 August 2023 1,894
At 31 August 2022 2,501

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2022
and 31 August 2023 984
DEPRECIATION
At 1 September 2022 197
Charge for year 157
At 31 August 2023 354
NET BOOK VALUE
At 31 August 2023 630
At 31 August 2022 787

Strafforth (Accountants) Limited (Registered number: 09164517)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax
Accelerated capital allowances 239 328

Deferred
tax
£   
Balance at 1 September 2022 328
Credit to Income Statement during year (89 )
Balance at 31 August 2023 239

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 September 2022 13,510
Profit for the year 3,308
Dividends (5,000 )
At 31 August 2023 11,818

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2022 - £5,000) were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S A Biggs.