Strange Labs Computers Ltd 13846296 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Information technology consultancy activities Digita Accounts Production Advanced 6.30.9574.0 true 13846296 2023-02-01 2024-01-31 13846296 2024-01-31 13846296 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13846296 core:OfficeEquipment 2024-01-31 13846296 bus:SmallEntities 2023-02-01 2024-01-31 13846296 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13846296 bus:FullAccounts 2023-02-01 2024-01-31 13846296 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13846296 bus:RegisteredOffice 2023-02-01 2024-01-31 13846296 bus:Director1 2023-02-01 2024-01-31 13846296 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13846296 core:OfficeEquipment 2023-02-01 2024-01-31 13846296 countries:EnglandWales 2023-02-01 2024-01-31 13846296 2023-01-31 13846296 core:OfficeEquipment 2023-01-31 13846296 2022-01-13 2023-01-31 13846296 2023-01-31 13846296 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13846296 core:OfficeEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 13846296

Strange Labs Computers Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Strange Labs Computers Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Strange Labs Computers Ltd

Company Information

Director

Mr Connor Alexander

Registered office

7 Albert Road
Shipley
BD18 4NR

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Strange Labs Computers Ltd

(Registration number: 13846296)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

         

Fixed assets

   

Tangible assets

4

 

4,067

4,127

Current assets

   

Cash at bank and in hand

 

8,290

 

14,014

Creditors: Amounts falling due within one year

5

(11,381)

 

(17,104)

Net current liabilities

   

(3,091)

(3,090)

Total assets less current liabilities

   

976

1,037

Provisions for liabilities

 

(773)

(785)

Net assets

   

203

252

Capital and reserves

   

Profit and loss account

203

 

252

Total equity

   

203

252

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 14 February 2024
 

.........................................

Mr Connor Alexander
Director

 

Strange Labs Computers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Albert Road
Shipley
BD18 4NR

These financial statements were authorised for issue by the director on 14 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Strange Labs Computers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Strange Labs Computers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 February 2023

5,503

5,503

Additions

1,295

1,295

At 31 January 2024

6,798

6,798

Depreciation

At 1 February 2023

1,376

1,376

Charge for the year

1,355

1,355

At 31 January 2024

2,731

2,731

Carrying amount

At 31 January 2024

4,067

4,067

At 31 January 2023

4,127

4,127

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

4,700

2,300

Accruals and deferred income

1,488

3,488

Other creditors

5,193

11,316

11,381

17,104