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REGISTERED NUMBER: 12006664 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STRATA SALES LTD

STRATA SALES LTD (REGISTERED NUMBER: 12006664)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STRATA SALES LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: R M Thomas
Mrs E Thomas
D Thomas



REGISTERED OFFICE: Bericote Park
Bericote Road
Leamington Spa
CV32 6QP



REGISTERED NUMBER: 12006664 (England and Wales)



BANKERS: National Westminster Bank
36 Earlsdon Street
Coventry
CV5 6ZZ

STRATA SALES LTD (REGISTERED NUMBER: 12006664)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,500 23,100
Tangible assets 5 19,250 24,645
38,750 47,745

CURRENT ASSETS
Stocks 77,836 71,612
Debtors 6 117,561 137,513
Cash at bank 191,548 204,955
386,945 414,080
CREDITORS
Amounts falling due within one year 7 154,038 225,403
NET CURRENT ASSETS 232,907 188,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,657

236,422

CREDITORS
Amounts falling due after more than one
year

8

(190,000

)

(190,000

)

PROVISIONS FOR LIABILITIES - (209 )
NET ASSETS 81,657 46,213

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 81,557 46,113
SHAREHOLDERS' FUNDS 81,657 46,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STRATA SALES LTD (REGISTERED NUMBER: 12006664)

BALANCE SHEET - continued
31 December 2023


The 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by:





R M Thomas - Director


STRATA SALES LTD (REGISTERED NUMBER: 12006664)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Strata Sales Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and equipment - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

STRATA SALES LTD (REGISTERED NUMBER: 12006664)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 36,000
AMORTISATION
At 1 January 2023 12,900
Charge for year 3,600
At 31 December 2023 16,500
NET BOOK VALUE
At 31 December 2023 19,500
At 31 December 2022 23,100

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 45,984 9,198 2,898 58,080
Additions - - 1,021 1,021
At 31 December 2023 45,984 9,198 3,919 59,101
DEPRECIATION
At 1 January 2023 29,420 2,300 1,715 33,435
Charge for year 4,141 1,724 551 6,416
At 31 December 2023 33,561 4,024 2,266 39,851
NET BOOK VALUE
At 31 December 2023 12,423 5,174 1,653 19,250
At 31 December 2022 16,564 6,898 1,183 24,645

STRATA SALES LTD (REGISTERED NUMBER: 12006664)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 80,309 126,495
Other debtors 37,252 11,018
117,561 137,513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,762 9,500
Amounts owed to group undertakings 107,404 144,305
Taxation and social security 26,834 69,118
Other creditors 3,038 2,480
154,038 225,403

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 190,000 190,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £0 (2021 - £0). At the year end there was a balance outstanding amounting of £0 (2021 - £0).

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.