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REGISTERED NUMBER: 01416748 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

STRETTLE OF NEWCASTLE LIMITED

STRETTLE OF NEWCASTLE LIMITED (REGISTERED NUMBER: 01416748)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STRETTLE OF NEWCASTLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr G S Strettle



SECRETARY: Mrs S Strettle



REGISTERED OFFICE: Mooredge Road
Shiremoor
Newcastle upon Tyne
NE27 0HU



REGISTERED NUMBER: 01416748 (England and Wales)



ACCOUNTANTS: Read, Milburn & Co
71 Howard Street
North Shields
Tyne and Wear
NE30 1AF



BANKERS: Barclays Bank Plc
3 Northumberland Square
North Shields
Tyne and Wear
NE30 1QX

STRETTLE OF NEWCASTLE LIMITED (REGISTERED NUMBER: 01416748)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 150,695 118,182

CURRENT ASSETS
Stocks 141,488 132,795
Debtors 5 5,474 44,642
Cash at bank 40,595 30,173
187,557 207,610
CREDITORS
Amounts falling due within one year 6 252,415 260,469
NET CURRENT LIABILITIES (64,858 ) (52,859 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,837

65,323

CREDITORS
Amounts falling due after more than one
year

7

17,500

30,158
NET ASSETS 68,337 35,165

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Revaluation reserve 10 29,550 29,550
Capital redemption reserve 1,500 1,500
Retained earnings 35,787 2,615
SHAREHOLDERS' FUNDS 68,337 35,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STRETTLE OF NEWCASTLE LIMITED (REGISTERED NUMBER: 01416748)

BALANCE SHEET - continued
30 SEPTEMBER 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 director and authorised for issue on 8 October 2024 and were signed by:





Mr G S Strettle - Director


STRETTLE OF NEWCASTLE LIMITED (REGISTERED NUMBER: 01416748)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Strettle Of Newcastle Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company meets its day to day working capital requirements through an overdraft facility which is repayable on demand.

The nature of the company's business is such that there can be considerable unpredictable variations in the timing of cash inflows. On the basis of discussions with the company's bankers, the director considers that the company will continue to operate within the agreed facility. However the margin of facilities over requirements is not large and inherently there can be no certainty in relation to these matters.

On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the overdraft facility by the company's bankers.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Income is recognised on completion of the work.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

STRETTLE OF NEWCASTLE LIMITED (REGISTERED NUMBER: 01416748)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Government grants
Government grants in respect of capital expenditure are treated as deferred credits, a proportion of which is transferred to revenue annually over the life of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2022 42,000 275,872 317,872
Additions - 85,452 85,452
Disposals - (35,685 ) (35,685 )
At 30 September 2023 42,000 325,639 367,639
DEPRECIATION
At 1 October 2022 - 199,690 199,690
Charge for year - 26,175 26,175
Eliminated on disposal - (8,921 ) (8,921 )
At 30 September 2023 - 216,944 216,944
NET BOOK VALUE
At 30 September 2023 42,000 108,695 150,695
At 30 September 2022 42,000 76,182 118,182

Cost or valuation at 30 September 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2009 29,550 - 29,550
Cost 12,450 325,639 338,089
42,000 325,639 367,639

STRETTLE OF NEWCASTLE LIMITED (REGISTERED NUMBER: 01416748)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 12,450 12,450

Freehold land and buildings were valued on an existing use basis on 26 January 2010 by Rook Matthews Sayer, Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,276 29,373
Other debtors 1,198 15,269
5,474 44,642

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,366 4,828
Trade creditors 24,332 34,521
Taxation and social security 48,995 39,845
Other creditors 174,722 181,275
252,415 260,469

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 2,658
Other creditors 17,500 27,500
17,500 30,158

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 74,400 74,400

STRETTLE OF NEWCASTLE LIMITED (REGISTERED NUMBER: 01416748)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 4,366 7,486

The bank loan and bank overdraft are secured by a general charge against the assets of the company.

10. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 29,550

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr G S Strettle
Balance outstanding at start of year 2,977 3,687
Amounts advanced 435 1,068
Amounts repaid (29,377 ) (1,778 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,965 ) 2,977