Company Registration No. 09316866 (England and Wales)
That Strategy Co Ltd
Unaudited accounts
for the year ended 30 November 2023
That Strategy Co Ltd
Unaudited accounts
Contents
That Strategy Co Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
133,242
110,286
Investments
123,472
113,472
Cash at bank and in hand
762,699
1,136,031
Creditors: amounts falling due within one year
(163,501)
(432,698)
Net current assets
962,752
964,798
Total assets less current liabilities
1,219,466
1,188,556
Provisions for liabilities
Deferred tax
(3,208)
(2,572)
Net assets
1,216,258
1,185,984
Called up share capital
100
100
Profit and loss account
1,216,158
1,185,884
Shareholders' funds
1,216,258
1,185,984
For the year ending 30 November 2023 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 19 February 2024 and were signed on its behalf by
Lisa Johnson
Director
Company Registration No. 09316866
That Strategy Co Ltd
Notes to the Accounts
for the year ended 30 November 2023
That Strategy Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 09316866. The registered office is 128 City Road, London, EC1V 2NX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
Not depreciated
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33.33% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
That Strategy Co Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
100,000
7,733
13,045
-
120,778
Additions
20,410
2,687
-
4,654
27,751
At 30 November 2023
120,410
10,420
13,045
4,654
148,529
At 1 December 2022
-
2,950
7,542
-
10,492
Charge for the year
-
1,868
1,376
1,551
4,795
At 30 November 2023
-
4,818
8,918
1,551
15,287
At 30 November 2023
120,410
5,602
4,127
3,103
133,242
At 30 November 2022
100,000
4,783
5,503
-
110,286
5
Investments
Other investments
Valuation at 1 December 2022
113,472
Valuation at 30 November 2023
123,472
Amounts falling due within one year
Accrued income and prepayments
92,233
-
Amounts falling due after more than one year
Other debtors
268,383
260,052
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
7,202
120,272
Taxes and social security
29,815
258,576
Loans from directors
2,132
8,012
That Strategy Co Ltd
Notes to the Accounts
for the year ended 30 November 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
3,208
2,572
Provision at start of year
2,572
-
Charged to the profit and loss account
636
2,572
Provision at end of year
3,208
2,572
9
Transactions with related parties
Included in Other Debtors due after more than one year in the accounts is a loan from the company to Lisa Johnson Properties Ltd - a company owned by the directors and shareholders of this company. Interest has been charged at market rate and the amount due as at the year end was £268,383 (2022: £260,052).
10
Average number of employees
During the year the average number of employees was 10 (2022: 8).