Registered number
12621128
Strategies OSH Limited
Filleted Accounts
30 June 2024
Strategies OSH Limited
Registered number: 12621128
Balance Sheet
as at 30 June 2024
Notes 2024 2023
Fixed assets
Intangible assets 3 982,773 982,773
Tangible assets 4 10,970 18,442
993,743 1,001,215
Current assets
Debtors 6 124,795 219,420
Cash at bank and in hand 110,638 35,474
235,433 254,894
Creditors: amounts falling due within one year 7 (230,000) (248,217)
Net current assets 5,433 6,677
Total assets less current liabilities 999,176 1,007,892
Creditors: amounts falling due after more than one year 8 (541,887) (552,177)
Provisions for liabilities (1,476) (2,762)
Net assets 455,813 452,953
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account 405,813 402,953
Shareholders' funds 455,813 452,953
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C G G Smith
Director
Approved by the board on 1 August 2024
Strategies OSH Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover, which is stated net of value added tax, represents amounts receivable from third parties. All turnover is UK based and relates to the single activity of software licences and related development.
Intangible fixed assets
Goodwill
Positive goodwill arising on acquisitions is capitalised and classified as an asset on the balance sheet. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Research and Development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.
Long Term Contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold building improvements over the shorter of the life of the lease and 5 years
Plant and equipment over 2 to 5 years
The carrying values of tangible fixed assets are reviewed for impairment in periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the exception that:

deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 11
3 Intangible fixed assets
Goodwill: Research & Consolidated
Development Goodwill Total
Cost
At 1 July 2023 125,595 982,773 1,108,368
At 30 June 2024 125,595 982,773 1,108,368
Amortisation
At 1 July 2023 125,595 - 125,595
At 30 June 2024 125,595 - 125,595
Net book value
At 30 June 2024 - 982,773 982,773
At 30 June 2023 - 982,773 982,773
4 Tangible fixed assets
Plant & equipment
Cost
At 1 July 2023 105,654
Additions 816
Disposals (4,143)
At 30 June 2024 102,327
Depreciation
At 1 July 2023 87,212
Charge for the year 8,288
On disposals (4,143)
At 30 June 2024 91,357
Net book value
At 30 June 2024 10,970
At 30 June 2023 18,442
5 Investments
Investments in
subsidiary
undertakings
Fair value
At 1 July 2023 -
At 30 June 2024 -
Historical cost
At 1 July 2023 1,859,723
At 30 June 2024 1,859,723
6 Debtors 2024 2023
Trade debtors 112,008 185,922
Corporation tax repayable - 20,582
Other debtors 12,787 12,916
124,795 219,420
7 Creditors: amounts falling due within one year 2024 2023
Bank loans and overdrafts 10,292 10,038
Trade creditors 24,242 23,432
Taxation and social security costs 62,479 76,006
Other creditors 132,987 138,741
230,000 248,217
8 Creditors: amounts falling due after one year 2024 2023
Bank loans 8,664 18,954
6% Unsecured Redeemable Loan Notes 533,223 533,223
541,887 552,177
The loan notes are fully redeemable at the tenth anniversary of issue 14 July 2030 if not redeemed by the Company before that date.
9 Controlling party
There are no controlling parties.
10 Other information
Strategies OSH Limited is a private company limited by shares and incorporated in England. Its registered office is:
85 Great Portland Street
London
W1W 7LT
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