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Registered number: 11794607
STRETFORD BALTI LTD
Unaudited Financial Statements
For The Year Ended 31 January 2024
J Ahmed & Co Ltd
Chartered Accountants
68 Seymour Grove
Old Trafford
Manchester
M16 0LN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11794607
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 600
Tangible Assets 5 1,858 2,186
1,858 2,786
CURRENT ASSETS
Stocks 6 620 750
Cash at bank and in hand 1,525 574
2,145 1,324
Creditors: Amounts Falling Due Within One Year 7 (6,958 ) (7,228 )
NET CURRENT ASSETS (LIABILITIES) (4,813 ) (5,904 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,955 ) (3,118 )
NET LIABILITIES (2,955 ) (3,118 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (3,055 ) (3,218 )
SHAREHOLDERS' FUNDS (2,955) (3,118)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Shahab Ali
Director
14/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
STRETFORD BALTI LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11794607 . The registered office is 68 Seymour Grove, Old Trafford, Manchester, M16 0LN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% per annum reducing balance basis.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 3,000
As at 31 January 2024 3,000
Amortisation
As at 1 February 2023 2,400
Provided during the period 600
As at 31 January 2024 3,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 600
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Page 4
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 3,860
As at 31 January 2024 3,860
Depreciation
As at 1 February 2023 1,674
Provided during the period 328
As at 31 January 2024 2,002
Net Book Value
As at 31 January 2024 1,858
As at 1 February 2023 2,186
6. Stocks
2024 2023
£ £
Materials 620 750
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 545 372
Other creditors 2,213 2,656
Director's loan account 4,200 4,200
6,958 7,228
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4