Silverfin false 31/03/2023 01/04/2022 31/03/2023 J Boston 07/04/2000 P Honey 01/04/2007 07 February 2024 The principal activity of the Company during the financial year was internet consultancy. 03970868 2023-03-31 03970868 bus:Director1 2023-03-31 03970868 bus:Director2 2023-03-31 03970868 2022-03-31 03970868 core:CurrentFinancialInstruments 2023-03-31 03970868 core:CurrentFinancialInstruments 2022-03-31 03970868 core:Non-currentFinancialInstruments 2023-03-31 03970868 core:Non-currentFinancialInstruments 2022-03-31 03970868 core:ShareCapital 2023-03-31 03970868 core:ShareCapital 2022-03-31 03970868 core:RetainedEarningsAccumulatedLosses 2023-03-31 03970868 core:RetainedEarningsAccumulatedLosses 2022-03-31 03970868 core:FurnitureFittings 2022-03-31 03970868 core:OfficeEquipment 2022-03-31 03970868 core:FurnitureFittings 2023-03-31 03970868 core:OfficeEquipment 2023-03-31 03970868 2022-04-01 2023-03-31 03970868 bus:FullAccounts 2022-04-01 2023-03-31 03970868 bus:SmallEntities 2022-04-01 2023-03-31 03970868 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03970868 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03970868 bus:Director1 2022-04-01 2023-03-31 03970868 bus:Director2 2022-04-01 2023-03-31 03970868 core:FurnitureFittings 2022-04-01 2023-03-31 03970868 core:OfficeEquipment core:TopRangeValue 2022-04-01 2023-03-31 03970868 2021-04-01 2022-03-31 03970868 core:OfficeEquipment 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 03970868 (England and Wales)

STRANGE CORPORATION LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

STRANGE CORPORATION LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

STRANGE CORPORATION LIMITED

BALANCE SHEET

As at 31 March 2023
STRANGE CORPORATION LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 10,594 16,800
10,594 16,800
Current assets
Debtors 4 106,302 160,047
Cash at bank and in hand 108,288 82,657
214,590 242,704
Creditors: amounts falling due within one year 5 ( 194,356) ( 217,557)
Net current assets 20,234 25,147
Total assets less current liabilities 30,828 41,947
Creditors: amounts falling due after more than one year 6 ( 22,474) ( 34,373)
Provision for liabilities ( 2,399) ( 2,960)
Net assets 5,955 4,614
Capital and reserves
Called-up share capital 4 4
Profit and loss account 5,951 4,610
Total shareholders' funds 5,955 4,614

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Strange Corporation Limited (registered number: 03970868) were approved and authorised for issue by the Board of Directors on 07 February 2024. They were signed on its behalf by:

J Boston
Director
STRANGE CORPORATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
STRANGE CORPORATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Strange Corporation Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bourne Gardens, Exeter Park Road, Bournemouth, BH2 5BD, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation


Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Fixtures and fittings 20 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 8

3. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 April 2022 35,174 124,751 159,925
Additions 0 622 622
At 31 March 2023 35,174 125,373 160,547
Accumulated depreciation
At 01 April 2022 28,993 114,132 143,125
Charge for the financial year 1,236 5,592 6,828
At 31 March 2023 30,229 119,724 149,953
Net book value
At 31 March 2023 4,945 5,649 10,594
At 31 March 2022 6,181 10,619 16,800

4. Debtors

2023 2022
£ £
Trade debtors 100,136 149,255
Other debtors 6,166 10,792
106,302 160,047

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 9,915 7,722
Trade creditors 32,214 38,550
Corporation tax 18,318 10,931
Other taxation and social security 44,417 46,157
Other creditors 89,492 114,197
194,356 217,557

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 22,474 34,373