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REGISTERED NUMBER: 04594879 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Stretch Communications Ltd

Stretch Communications Ltd (Registered number: 04594879)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stretch Communications Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr J K Mascarenhas





REGISTERED OFFICE: 37/38 Margaret Street
Fitzrovia
London
W1G 0JF





REGISTERED NUMBER: 04594879 (England and Wales)





ACCOUNTANTS: Robert Ko & Company
Chartered Accountants
33 Crofton Avenue
London
W4 3EW

Stretch Communications Ltd (Registered number: 04594879)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,695 15,102

CURRENT ASSETS
Debtors 5 941,425 1,092,072
Cash at bank and in hand 3,001,126 3,350,729
3,942,551 4,442,801
CREDITORS
Amounts falling due within one year 6 2,433,716 2,797,260
NET CURRENT ASSETS 1,508,835 1,645,541
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,557,530

1,660,643

PROVISIONS FOR LIABILITIES 4,070 2,869
NET ASSETS 1,553,460 1,657,774

CAPITAL AND RESERVES
Called up share capital 8,500 8,500
Capital redemption reserve 2,000 2,000
Retained earnings 1,542,960 1,647,274
SHAREHOLDERS' FUNDS 1,553,460 1,657,774

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

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

Stretch Communications Ltd (Registered number: 04594879)

Balance Sheet - continued
31 January 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 director and authorised for issue on 22 October 2024 and were signed by:





Mr J K Mascarenhas - Director


Stretch Communications Ltd (Registered number: 04594879)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Stretch Communications 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

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.

Stretch Communications Ltd (Registered number: 04594879)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 9,290 - 50,182 59,472
Additions 225 39,533 2,735 42,493
Disposals - - (1,563 ) (1,563 )
At 31 January 2024 9,515 39,533 51,354 100,402
DEPRECIATION
At 1 February 2023 8,336 - 36,034 44,370
Charge for year 846 659 6,338 7,843
Eliminated on disposal - - (506 ) (506 )
At 31 January 2024 9,182 659 41,866 51,707
NET BOOK VALUE
At 31 January 2024 333 38,874 9,488 48,695
At 31 January 2023 954 - 14,148 15,102

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 882,620 480,538
Other debtors 58,805 611,534
941,425 1,092,072

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 469,681 1,126,538
Taxation and social security 361,859 127,052
Other creditors 1,602,176 1,543,670
2,433,716 2,797,260

7. OPERATING LEASE COMMITMENTS

As at 31 January 2024, the company has commitments under non-cancellable operating leases of £60,528 (2023: £71,255) within one year and £nil (2023: £60,528) within two to five years.