1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,272 3,272 248,750 248,750 248,750 xbrli:pure xbrli:shares iso4217:GBP 07458928 2023-02-01 2024-01-31 07458928 2024-01-31 07458928 2023-01-31 07458928 2022-02-01 2023-01-31 07458928 2023-01-31 07458928 2022-01-31 07458928 core:PlantMachinery 2023-02-01 2024-01-31 07458928 bus:Director3 2023-02-01 2024-01-31 07458928 core:PlantMachinery 2024-01-31 07458928 core:WithinOneYear 2024-01-31 07458928 core:WithinOneYear 2023-01-31 07458928 core:ShareCapital 2024-01-31 07458928 core:ShareCapital 2023-01-31 07458928 core:RetainedEarningsAccumulatedLosses 2024-01-31 07458928 core:RetainedEarningsAccumulatedLosses 2023-01-31 07458928 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 07458928 core:Non-currentFinancialInstruments 2024-01-31 07458928 core:Non-currentFinancialInstruments 2023-01-31 07458928 bus:Director3 2023-01-31 07458928 bus:Director3 2024-01-31 07458928 bus:Director3 2022-01-31 07458928 bus:Director3 2023-01-31 07458928 bus:Director3 2022-02-01 2023-01-31 07458928 bus:SmallEntities 2023-02-01 2024-01-31 07458928 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07458928 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07458928 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07458928 bus:FullAccounts 2023-02-01 2024-01-31
COMPANY REGISTRATION NUMBER: 07458928
STRENGTH LEADERSHIP LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2024
STRENGTH LEADERSHIP LTD
STATEMENT OF FINANCIAL POSITION
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
6
248,750
248,750
Current assets
Debtors
7
437
9,317
Creditors: amounts falling due within one year
8
21,020
27,777
---------
---------
Net current liabilities
20,583
18,460
----------
----------
Total assets less current liabilities
228,167
230,290
----------
----------
Net assets
228,167
230,290
----------
----------
STRENGTH LEADERSHIP LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
228,067
230,190
----------
----------
Shareholders funds
228,167
230,290
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 October 2024 , and are signed on behalf of the board by:
Mrs F Coburn
Director
Company registration number: 07458928
STRENGTH LEADERSHIP LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
The directors consider that the uncertainty caused in the company's industry as a result of Coronavirus and the recovery from the restrictions put in place by the government should not materially affect the company's ability to continue as a going concern.
This assumption has been continued as the economy is hit by the cost of living crisis, and world economic impact of the war in Ukraine.
Investments
Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value in use.
Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the fixed asset investment.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
-
25% straight line
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 February 2023 and 31 January 2024
3,272
3,272
-------
-------
Depreciation
At 1 February 2023 and 31 January 2024
3,272
3,272
-------
-------
Carrying amount
At 31 January 2024
-------
-------
At 31 January 2023
-------
-------
6. Investments
Other investments other than loans
£
Cost
At 1 February 2023 and 31 January 2024
248,750
----------
Impairment
At 1 February 2023 and 31 January 2024
----------
Carrying amount
At 31 January 2024
248,750
----------
At 31 January 2023
248,750
----------
7. Debtors
2024
2023
£
£
Other debtors
437
9,317
----
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
21,020
27,777
---------
---------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs F Coburn
( 26,637)
25,977
( 660)
---------
---------
----
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs F Coburn
( 12,739)
( 13,898)
( 26,637)
---------
---------
---------
10. Related party transactions
The company is under the control of Mrs F Coburn throughout the current and previous year. Mrs F Coburn is the managing director and majority shareholder.