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REGISTERED NUMBER: 09073375 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th June 2023

for

Strawbridge Shop Fitters Ltd

Strawbridge Shop Fitters Ltd (Registered number: 09073375)

Contents of the Financial Statements
for the Year Ended 30th June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Strawbridge Shop Fitters Ltd

Company Information
for the Year Ended 30th June 2023







DIRECTOR: M P Andrews





REGISTERED OFFICE: 29 High Street
Blue Town
SHEERNESS
Kent
ME12 1RN





REGISTERED NUMBER: 09073375 (England and Wales)





ACCOUNTANTS: Blain Pritchard
Chartered Certified Accountants
29 High Street
Blue Town
SHEERNESS
Kent
ME12 1RN

Strawbridge Shop Fitters Ltd (Registered number: 09073375)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,215 110,214
Investment property 5 775,000 775,000
862,215 885,214

CURRENT ASSETS
Debtors 6 315,694 446,648
Cash at bank and in hand 58 51,190
315,752 497,838
CREDITORS
Amounts falling due within one year 7 133,626 117,592
NET CURRENT ASSETS 182,126 380,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,044,341

1,265,460

CREDITORS
Amounts falling due after more than one
year

8

(545,477

)

(622,297

)

PROVISIONS FOR LIABILITIES (128,790 ) (129,684 )
NET ASSETS 370,074 513,479

CAPITAL AND RESERVES
Called up share capital 20 20
Fair value reserve 9 506,199 506,199
Retained earnings (136,145 ) 7,260
SHAREHOLDERS' FUNDS 370,074 513,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Strawbridge Shop Fitters Ltd (Registered number: 09073375)

Balance Sheet - continued
30th June 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th October 2023 and were signed by:





M P Andrews - Director


Strawbridge Shop Fitters Ltd (Registered number: 09073375)

Notes to the Financial Statements
for the Year Ended 30th June 2023


1. STATUTORY INFORMATION

Strawbridge Shop Fitters Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 and machinery etc - 25% on reducing balance, 25% on cost, 20% on cost and 2% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Strawbridge Shop Fitters Ltd (Registered number: 09073375)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023


2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and 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 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2022
and 30th June 2023 254,777
DEPRECIATION
At 1st July 2022 144,563
Charge for year 22,999
At 30th June 2023 167,562
NET BOOK VALUE
At 30th June 2023 87,215
At 30th June 2022 110,214

Strawbridge Shop Fitters Ltd (Registered number: 09073375)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023


4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1st July 2022
and 30th June 2023 49,338
DEPRECIATION
At 1st July 2022 26,310
Charge for year 5,757
At 30th June 2023 32,067
NET BOOK VALUE
At 30th June 2023 17,271
At 30th June 2022 23,028

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2022
and 30th June 2023 775,000
NET BOOK VALUE
At 30th June 2023 775,000
At 30th June 2022 775,000

Fair value at 30th June 2023 is represented by:
£   
Valuation in 2017 599,937
Valuation in 2018 25,000
Cost 150,063
775,000

Strawbridge Shop Fitters Ltd (Registered number: 09073375)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 150,063 150,063
Aggregate depreciation (21,009 ) (18,007 )

Investment property was valued on an open market basis on 30th June 2023 by the company director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,900
Other debtors 315,694 443,748
315,694 446,648

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 76,980 64,572
Hire purchase contracts 7,247 9,644
Trade creditors 3,812 4,160
Taxation and social security 26,772 37,201
Other creditors 18,815 2,015
133,626 117,592

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 531,532 601,105
Hire purchase contracts 13,945 21,192
545,477 622,297

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 356,697 374,059

Strawbridge Shop Fitters Ltd (Registered number: 09073375)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023


9. RESERVES
Fair
value
reserve
£   
At 1st July 2022
and 30th June 2023 506,199

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2023 and 30th June 2022:

2023 2022
£    £   
M P Andrews
Balance outstanding at start of year 12,074 87,011
Amounts advanced 30,485 12,074
Amounts repaid (12,074 ) (87,011 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,485 12,074

11. RELATED PARTY DISCLOSURES

Included in other debtors due with 1 year is an amount owed by Strawbridge Properties Ltd of £285,210. The company is charging interest at a rate of 3% above the Bank of England's base rate on amounts outstanding. The amount of interest charged during the year amounted to £21,009. There is no set date for repayment of this loan. Mr & Mrs Andrews are directors and shareholders of Strawbridge Properties Ltd.