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Registration number: 01690218

Stratech Scientific Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

Stratech Scientific Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Stratech Scientific Limited

Company Information

Directors

Mr Ian James Nicholls

Mrs Sharon Elizabeth Young

Mrs Susan Caroline Hallett

Company secretary

Mr Ian James Nicholls

Mrs Linda Dixon

Registered office

Cambridge House
St Thomas' Place
Cambridgeshire Business Park
Ely
CB7 4EX

Accountants

Tayabali & White
5 High Green
Great Shelford
Cambridge
Cambridgeshire
CB22 5EG

 

Stratech Scientific Limited

(Registration number: 01690218)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

928

Current assets

 

Stocks

5

45,166

57,221

Debtors

6

784,500

910,398

Cash at bank and in hand

 

1,307,936

1,122,146

 

2,137,602

2,089,765

Prepayments and accrued income

 

37,168

38,189

Creditors: Amounts falling due within one year

(758,584)

(784,902)

Net current assets

 

1,416,186

1,343,052

Total assets less current liabilities

 

1,416,186

1,343,980

Accruals and deferred income

 

(4,830)

(4,600)

Net assets

 

1,411,356

1,339,380

Capital and reserves

 

Called up share capital

7

5,000

5,000

Capital redemption reserve

5,000

5,000

Retained earnings

1,401,356

1,329,380

Shareholders' funds

 

1,411,356

1,339,380

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

Directors' 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 directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Stratech Scientific Limited

(Registration number: 01690218)
Abridged Balance Sheet as at 31 December 2023

Approved and authorised by the Board on 23 July 2024 and signed on its behalf by:
 

.........................................
Mrs Sharon Elizabeth Young
Director

 

Stratech Scientific Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

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:
Cambridge House
St Thomas' Place
Cambridgeshire Business Park
Ely
CB7 4EX

These financial statements were authorised for issue by the Board on 23 July 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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Stratech Scientific Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

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.

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

Fixtures and fittings

25% on reducing balance

Motor vehicles

33% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Stratech Scientific Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2022 - 22).

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

29,850

28,745

58,595

At 31 December 2023

29,850

28,745

58,595

Depreciation

At 1 January 2023

28,922

28,745

57,667

Charge for the year

928

-

928

At 31 December 2023

29,850

28,745

58,595

Carrying amount

At 31 December 2023

-

-

-

At 31 December 2022

928

-

928

5

Stocks

2023
£

2022
£

Other inventories

45,166

57,221

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

 

Stratech Scientific Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

A Ordinary £1 of £1 each

3,750

3,750

3,750

3,750

B Ordinary £1 of £1 each

500

500

500

500

C Ordinary £1 of £1 each

500

500

500

500

D Ordinary £1 of £1 each

250

250

250

250

5,000

5,000

5,000

5,000

8

Related party transactions

Summary of transactions with other related parties

There are no related party disclosures in respect of Stratech Scientific Limited.
 

9

Parent and ultimate parent undertaking

The ultimate controlling party is Mrs S C Hallett.