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Registered Number: 10343371
England and Wales

 

 

 

STRAX LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 39,168    5,376 
39,168    5,376 
Current assets      
Stocks   5,200 
Debtors 80,361    94,558 
Cash at bank and in hand 151,498    108,666 
231,859    208,424 
Creditors: amount falling due within one year (160,893)   (170,302)
Net current assets 70,966    38,122 
 
Total assets less current liabilities 110,134    43,498 
Creditors: amount falling due after more than one year (44,437)   (30,188)
Net assets 65,697    13,310 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 65,597    13,210 
Shareholder's funds 65,697    13,310 
 


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

Director's responsibilities:
  1. The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 04 April 2024 and were signed by:


-------------------------------
Michael Devlin
Director
1
General Information
Strax Limited is a private company, limited by shares, registered in England and Wales, under 10343371, at 46 Syon Lane, Isleworth, Middlesex, TW7 5NQ.  The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax. 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date.  Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.  All foreign exchange differences are included to the profit and loss account.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.  The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.  Current and deferred tax assets and liabilities are not discounted. 
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment.  Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.  Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 01 August 2022   7,389    7,389 
Additions 45,307    1,542    46,849 
Disposals    
At 31 July 2023 45,307    8,931    54,238 
Depreciation
At 01 August 2022   2,013    2,013 
Charge for year 11,327    1,730    13,057 
On disposals    
At 31 July 2023 11,327    3,743    15,070 
Net book values
Closing balance as at 31 July 2023 33,980    5,188    39,168 
Opening balance as at 01 August 2022   5,376    5,376 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2