IRIS Accounts Production v24.3.0.553 05812471 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058124712023-05-31058124712024-05-31058124712023-06-012024-05-31058124712022-05-31058124712022-06-012023-05-31058124712023-05-3105812471ns15:EnglandWales2023-06-012024-05-3105812471ns14:PoundSterling2023-06-012024-05-3105812471ns10:Director12023-06-012024-05-3105812471ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105812471ns10:SmallEntities2023-06-012024-05-3105812471ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105812471ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105812471ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105812471ns10:FullAccounts2023-06-012024-05-310581247112023-06-012024-05-3105812471ns10:Director22023-06-012024-05-3105812471ns10:RegisteredOffice2023-06-012024-05-3105812471ns5:CurrentFinancialInstruments2024-05-3105812471ns5:CurrentFinancialInstruments2023-05-3105812471ns5:Non-currentFinancialInstruments2024-05-3105812471ns5:Non-currentFinancialInstruments2023-05-3105812471ns5:ShareCapital2024-05-3105812471ns5:ShareCapital2023-05-3105812471ns5:RetainedEarningsAccumulatedLosses2024-05-3105812471ns5:RetainedEarningsAccumulatedLosses2023-05-3105812471ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3105812471ns5:ComputerSoftware2023-06-012024-05-3105812471ns5:PlantMachinery2023-06-012024-05-3105812471ns5:IntangibleAssetsOtherThanGoodwill2023-05-3105812471ns5:IntangibleAssetsOtherThanGoodwill2024-05-3105812471ns5:IntangibleAssetsOtherThanGoodwill2023-05-3105812471ns5:PlantMachinery2023-05-3105812471ns5:PlantMachinery2024-05-3105812471ns5:PlantMachinery2023-05-3105812471ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3105812471ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31058124711ns10:Director12023-05-31058124711ns10:Director12022-05-31058124711ns10:Director12023-06-012024-05-31058124711ns10:Director12022-06-012023-05-31058124711ns10:Director12024-05-31058124711ns10:Director12023-05-31
REGISTERED NUMBER: 05812471 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

STROBE PRECISION LTD.

STROBE PRECISION LTD. (REGISTERED NUMBER: 05812471)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STROBE PRECISION LTD.

COMPANY INFORMATION
For The Year Ended 31 May 2024







DIRECTORS: R J Bree
S L Bree





REGISTERED OFFICE: Unit 19 Kings Park
Primrose Hill
Kings Langley
WD4 8ST





REGISTERED NUMBER: 05812471 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

STROBE PRECISION LTD. (REGISTERED NUMBER: 05812471)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,142 -
Tangible assets 5 199,537 298,815
201,679 298,815

CURRENT ASSETS
Stocks 17,903 17,903
Debtors 6 82,558 107,283
Cash at bank 29,198 15,885
129,659 141,071
CREDITORS
Amounts falling due within one year 7 232,758 179,390
NET CURRENT LIABILITIES (103,099 ) (38,319 )
TOTAL ASSETS LESS CURRENT LIABILITIES 98,580 260,496

CREDITORS
Amounts falling due after more than
one year

8

(41,181

)

(185,012

)

PROVISIONS FOR LIABILITIES (37,912 ) (55,029 )
NET ASSETS 19,487 20,455

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,485 20,453
19,487 20,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

STROBE PRECISION LTD. (REGISTERED NUMBER: 05812471)

BALANCE SHEET - continued
31 May 2024


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 15 October 2024 and were signed on its behalf by:





R J Bree - Director


STROBE PRECISION LTD. (REGISTERED NUMBER: 05812471)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024


1. STATUTORY INFORMATION

Strobe Precision 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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 machinery etc - 20% on cost, 10% on cost and 5% on cost

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.

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.

STROBE PRECISION LTD. (REGISTERED NUMBER: 05812471)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023 980
Additions 2,678
At 31 May 2024 3,658
AMORTISATION
At 1 June 2023 980
Charge for year 536
At 31 May 2024 1,516
NET BOOK VALUE
At 31 May 2024 2,142
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 1,018,503
Additions 43,558
Disposals (438,368 )
At 31 May 2024 623,693
DEPRECIATION
At 1 June 2023 719,688
Charge for year 63,581
Eliminated on disposal (359,113 )
At 31 May 2024 424,156
NET BOOK VALUE
At 31 May 2024 199,537
At 31 May 2023 298,815

STROBE PRECISION LTD. (REGISTERED NUMBER: 05812471)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,882 75,791
Other debtors 25,676 31,492
82,558 107,283

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,286 -
Hire purchase contracts 16,781 20,914
Trade creditors 91,047 75,935
Taxation and social security 48,137 32,731
Other creditors 72,507 49,810
232,758 179,390

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 24,643 -
Hire purchase contracts 16,538 33,319
Other creditors - 151,693
41,181 185,012

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
R J Bree
Balance outstanding at start of year 2,635 (10,000 )
Amounts advanced 9,935 52,055
Amounts repaid (12,570 ) (39,420 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,635