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REGISTERED NUMBER: SC194644 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Stronvar Limited

Stronvar Limited (Registered number: SC194644)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stronvar Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Julie Seddon Bannerman



SECRETARY: Julie Seddon Bannerman



REGISTERED OFFICE: 62 Manse Road
Bearsden
Glasgow
G61 3PN



REGISTERED NUMBER: SC194644 (Scotland)



ACCOUNTANTS: Clements
Chartered Accountants
39 St Vincent Place
Glasgow
G1 2ER



BANKERS: Bank of Scotland
94/102 High Street
Dumbarton
G82 1PQ

Stronvar Limited (Registered number: SC194644)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,280 24,375
Investments 6 100 96,105
18,380 120,480

CURRENT ASSETS
Stocks 56,797 42,619
Debtors 7 126,813 125,247
Cash at bank and in hand 364,380 257,028
547,990 424,894
CREDITORS
Amounts falling due within one year 8 146,691 169,034
NET CURRENT ASSETS 401,299 255,860
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,679

376,340

PROVISIONS FOR LIABILITIES - 538
NET ASSETS 419,679 375,802

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 419,579 375,702
SHAREHOLDERS' FUNDS 419,679 375,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Stronvar Limited (Registered number: SC194644)

Balance Sheet - continued
30 June 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 17 October 2024 and were signed by:





Julie Seddon Bannerman - Director


Stronvar Limited (Registered number: SC194644)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Stronvar Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the consideration received or receivable for the provision of goods and services by a dispensing chemist in the normal course of business and is shown exclusive of Value Added Tax, trade discounts and volume rebates.

Revenue is recognised when the company has the right to receive it.

Goodwill
Goodwill, being the amount paid in connection with the business in 2007, was being amortised over 10 years commencing in 2014. As of 30th June 2023 Goodwill is fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and selling price less costs to complete and sell.

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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.

Investments
Investments held as fixed assets are recognised at fair value which is equivalent to market value.

Stronvar Limited (Registered number: SC194644)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 114,524
AMORTISATION
At 1 July 2023
and 30 June 2024 114,524
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 77,389
DEPRECIATION
At 1 July 2023 53,014
Charge for year 6,095
At 30 June 2024 59,109
NET BOOK VALUE
At 30 June 2024 18,280
At 30 June 2023 24,375

Stronvar Limited (Registered number: SC194644)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 96,105
Additions 200,163
Disposals (300,038 )
Revaluations 3,870
At 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 96,105

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Cost 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 94,350 92,511
Other debtors 32,463 32,736
126,813 125,247

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 103,487 110,450
Amounts owed to group undertakings - 26,716
Taxation and social security 29,438 21,019
Other creditors 13,766 10,849
146,691 169,034

Included in other creditors is the director's current account which is unsecured, interest free and repayable on demand.

9. RESERVES

Retained earnings include undistributable reserves at 30 June 2024 of £Nil (2023 - £(3,869)).

10. RELATED PARTY DISCLOSURES

Dividends paid to the Parent Company, Bannerman & Bannerman Ltd totalled £41,150 (2023 - £51,000).

Stronvar Limited (Registered number: SC194644)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. ULTIMATE CONTROLLING PARTY

Bannerman & Bannerman Limited is regarded by the director as being the company's ultimate controlling party.