STRING PRODUCTS LTD

Company Registration Number:
07049908 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

STRING PRODUCTS LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

STRING PRODUCTS LTD

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 133,150 163,667
Investments: 4 16,686 16,686
Total fixed assets: 149,836 180,353
Current assets
Stocks: 490,100 725,475
Debtors:   588,540 787,877
Cash at bank and in hand: 635,452 155,624
Total current assets: 1,714,092 1,668,976
Creditors: amounts falling due within one year:   (199,322) (81,146)
Net current assets (liabilities): 1,514,770 1,587,830
Total assets less current liabilities: 1,664,606 1,768,183
Total net assets (liabilities): 1,664,606 1,768,183
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,664,506 1,768,083
Shareholders funds: 1,664,606 1,768,183

The notes form part of these financial statements

STRING PRODUCTS LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 July 2024
and signed on behalf of the board by:

Name: Ebrahim Mamaniat
Status: Director

The notes form part of these financial statements

STRING PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

STRING PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 10 9

STRING PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 367,868
At 31 October 2023 367,868
Depreciation
At 01 November 2022 204,201
Charge for year 30,517
At 31 October 2023 234,718
Net book value
At 31 October 2023 133,150
At 31 October 2022 163,667

STRING PRODUCTS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Fixed investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.