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Company Registration No. 12041527 (England and Wales)
STROLLEAZI UK LTD Unaudited accounts for the year ended 31 December 2022
STROLLEAZI UK LTD Unaudited accounts Contents
Page
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STROLLEAZI UK LTD Company Information for the year ended 31 December 2022
Directors
Emma Lawrence Simon Curtis Mazhar Saleem Jesper Tyrer
Company Number
12041527 (England and Wales)
Registered Office
12 CONSTANCE STREET LONDON E16 2DQ UNITED KINGDOM
Accountants
Tanners Tax Accountants Steward House 14 Commercial Way Woking Surrey GU21 6ET
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STROLLEAZI UK LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
467,349 
400,593 
Tangible assets
3,285 
678 
470,634 
401,271 
Current assets
Debtors
44,602 
- 
Cash at bank and in hand
329,963 
72,862 
374,565 
72,862 
Creditors: amounts falling due within one year
(929,010)
(497,919)
Net current liabilities
(554,445)
(425,057)
Net liabilities
(83,811)
(23,786)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(83,812)
(23,787)
Shareholders' funds
(83,811)
(23,786)
For the year ending 31 December 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2023 and were signed on its behalf by
Emma Lawrence Director Company Registration No. 12041527
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STROLLEAZI UK LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
STROLLEAZI UK LTD is a private company, limited by shares, registered in England and Wales, registration number 12041527. The registered office is 12 CONSTANCE STREET, LONDON, E16 2DQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency of £83,811 (2021: £23,786) on total equity at the end of the year. The directors consider this basis to be appropriate as the company has sufficient facilities available from its shareholders to fund its working capital requirements for a period of at least twelve months from the date these financial statements were approved.
Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Fixtures & fittings
20% on cost
Computer equipment
33% on cost
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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STROLLEAZI UK LTD Notes to the Accounts for the year ended 31 December 2022
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2022
400,593 
Additions
66,756 
At 31 December 2022
467,349 
Amortisation
At 1 January 2022
- 
At 31 December 2022
- 
Net book value
At 31 December 2022
467,349 
At 31 December 2021
400,593 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
957 
- 
- 
957 
Additions
- 
430 
3,231 
3,661 
At 31 December 2022
957 
430 
3,231 
4,618 
Depreciation
At 1 January 2022
279 
- 
- 
279 
Charge for the year
239 
43 
772 
1,054 
At 31 December 2022
518 
43 
772 
1,333 
Net book value
At 31 December 2022
439 
387 
2,459 
3,285 
At 31 December 2021
678 
- 
- 
678 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
44,602 
- 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
6,499 
6,074 
Amounts owed to group undertakings and other participating interests
921,011 
467,923 
Taxes and social security
- 
16,976 
Loans from directors
- 
4,696 
Accruals
1,500 
2,250 
929,010 
497,919 
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STROLLEAZI UK LTD Notes to the Accounts for the year ended 31 December 2022
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 3 (2021: 3).
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