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 |