2023-08-01 2024-07-31 false Capium Accounts Production 1.1 10343371 bus:AbridgedAccounts 2023-08-01 2024-07-31 10343371 bus:FRS102 2023-08-01 2024-07-31 10343371 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10343371 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10343371 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10343371 2023-08-01 2024-07-31 10343371 2024-07-31 10343371 bus:RegisteredOffice 2023-08-01 2024-07-31 10343371 core:WithinOneYear 2024-07-31 10343371 core:AfterOneYear 2024-07-31 10343371 bus:Director1 2023-08-01 2024-07-31 10343371 bus:Director1 2024-07-31 10343371 bus:Director1 2022-08-01 2023-07-31 10343371 2022-08-01 10343371 2022-08-01 2023-07-31 10343371 2023-07-31 10343371 core:WithinOneYear 2023-07-31 10343371 core:AfterOneYear 2023-07-31 10343371 bus:EntityAccountantsOrAuditors 2022-08-01 2023-07-31 10343371 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 10343371 bus:OrdinaryShareClass1 2024-07-31 10343371 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 10343371 bus:OrdinaryShareClass1 2023-07-31 10343371 core:MotorCars 2023-08-01 2024-07-31 10343371 core:MotorCars 2024-07-31 10343371 core:MotorCars 2023-07-31 10343371 core:FurnitureFittings 2023-08-01 2024-07-31 10343371 core:FurnitureFittings 2024-07-31 10343371 core:FurnitureFittings 2023-07-31 10343371 core:ComputerEquipment 2023-08-01 2024-07-31 10343371 core:ComputerEquipment 2024-07-31 10343371 core:ComputerEquipment 2023-07-31 10343371 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-07-31 10343371 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-07-31 10343371 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 10343371 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 10343371 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-07-31 10343371 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 10343371 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 10343371 core:Non-currentFinancialInstruments 2024-07-31 10343371 core:Non-currentFinancialInstruments 2023-07-31 10343371 core:ShareCapital 2024-07-31 10343371 core:ShareCapital 2023-07-31 10343371 core:RetainedEarningsAccumulatedLosses 2024-07-31 10343371 core:RetainedEarningsAccumulatedLosses 2023-07-31 10343371 dpl:Item1 2023-08-01 10343371 dpl:Item1 2024-07-31 10343371 dpl:Item1 2022-08-01 10343371 dpl:Item1 2023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10343371
England and Wales

 

 

 

STRAX LIMITED


Filleted Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 62,739    39,168 
62,739    39,168 
Current assets      
Stocks 41,231   
Debtors 41,627    80,361 
Cash at bank and in hand 113,269    151,499 
196,127    231,860 
Creditors: amount falling due within one year (157,182)   (186,394)
Net current assets 38,945    45,466 
 
Total assets less current liabilities 101,684    84,634 
Creditors: amount falling due after more than one year (9,263)   (18,937)
Net assets 92,421    65,697 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 92,321    65,597 
Shareholders' funds 92,421    65,697 
 


For the year ended 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 23 September 2024 and were signed by:


-------------------------------
Michael Devlin
Director
1
General Information
Strax Limited is a private company, limited by shares, registered in England and Wales, with registered number 10343371, at 46 Syon Lane, Isleworth, Middlesex, TW7 5NQ.  
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 (under Part 1A), the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.
Basis of preparation
The financial statements are presented in £ Sterling (which is the operational currency of the Company), on the going concern basis under the historical cost convention in accordance with the accounting policies.
Going concern basis
In preparing the financial statements, the director is required to make an assessment of the ability of the Company to continue as a going concern. The director has considered all available evidence for the Company which covers the 12 months from the date of signing these financial statements. The director has paid particular attention to likely cashflow requirements and future availability of adequate cashflow to the Company.

On the basis of this consideration, the director is confident that the Company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion he is satisfied that no material uncertainty exists. As a result of the above, the director concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax. 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date.  Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.  All foreign exchange differences are included to the profit and loss account.
Taxation
Taxation represents the sum of tax currently payable, recognised in the profit and loss account. No provision is made for deferred tax. The Company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:


Motor Vehicles 15% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 25% 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.  Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.


Work-in-progress is valued at full retail value, which is a departure from generally accepted accounting conventions because, in the opinion of the director, the accounting treatment adopted more accurately calculates the profit for the financial year. 
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 August 2023 45,307      8,931    54,238 
Additions   27,980    4,030    32,010 
Disposals      
At 31 July 2024 45,307    27,980    12,961    86,248 
Depreciation
At 01 August 2023 11,327      3,743    15,070 
Charge for year 5,097    1,399    1,943    8,439 
On disposals      
At 31 July 2024 16,424    1,399    5,686    23,509 
Net book values
Closing balance as at 31 July 2024 28,883    26,581    7,275    62,739 
Opening balance as at 01 August 2023 33,980      5,188    39,168 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

2