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Registered Number: 14120942
England and Wales

 

 

 

STRETCHED & FIRED OPERATIONS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 20 May 2022

End date: 31 May 2023
Director Chris Peedell
Registered Number 14120942
Registered Office Monkswell
Little Baldon
Oxford
OX44 9PU
Accountants Cypher
Monkswell
Little Baldon
Oxford
OX44 9PU
1
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 49,876 
49,876 
Current assets    
Stocks 4 36,488 
Debtors 5 193,293 
Cash at bank and in hand 1,498 
231,279 
Creditors: amount falling due within one year 6 (275,425)
Net current assets (44,146)
 
Total assets less current liabilities 5,730 
Net assets 5,730 
 

Capital and reserves
   
Called up share capital 1 
Profit and loss account 5,729 
Shareholders' funds 5,730 
 


For the period ended 31 May 2023 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 period in question in accordance with section 476.
  2. The director acknowledges 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 07 October 2024 and were signed by:


-------------------------------
Chris Peedell
Director
2
General Information
Stretched & Fired Operations Ltd is a private company, limited by shares, registered in England and Wales, registration number 14120942, registration address Monkswell , Little Baldon, Oxford, OX44 9PU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
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.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, 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:
Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 3 Years Straight Line
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.
2.

Average number of employees

Average number of employees during the period was 29.
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 20 May 2022      
Additions 40,617    21,375    423    62,415 
Disposals      
At 31 May 2023 40,617    21,375    423    62,415 
Depreciation
At 20 May 2022      
Charge for period 8,123    4,275    141    12,539 
On disposals      
At 31 May 2023 8,123    4,275    141    12,539 
Net book values
Closing balance as at 31 May 2023 32,494    17,100    282    49,876 
Opening balance as at 20 May 2022      


4.

Stocks

2023
£
Stocks 36,488 
36,488 

5.

Debtors: amounts falling due within one year

2023
£
Trade Debtors 146,000 
Amount Owed by Group Undertakings 30,709 
Prepayments & Accrued Income 16,584 
193,293 

6.

Creditors: amount falling due within one year

2023
£
Trade Creditors 19,656 
Bank Loans & Overdrafts 23,384 
Other Creditors (1)
Directors' Current Accounts 173,650 
VAT 58,736 
275,425 

7.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
2023
£
Chris Peedell172,196 
Fine Street Operations Ltd146,000 176,708 

During the year the director introduced assets and lent funds totalling £172,196
During the year the company provided goods and services to Fine Street Operations Ltd
3