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REGISTERED NUMBER: 04075744 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Straaltechniek U.K. Limited

Straaltechniek U.K. Limited (Registered number: 04075744)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Straaltechniek U.K. Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: G J Ward
A D Allen
Mrs L R Allen
J N Dorling





SECRETARY: Mrs L P Ward





REGISTERED OFFICE: Unit 8, Grange Lane
Valley Works
Sheffield
South Yorkshire
S5 0DA





REGISTERED NUMBER: 04075744 (England and Wales)





ACCOUNTANTS: A H Accountancy Services
61A Blagden Street
Sheffield
South Yorkshire
S2 5QS

Straaltechniek U.K. Limited (Registered number: 04075744)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 305,897 363,258
Investments 6 251,250 251,250
557,147 614,508

CURRENT ASSETS
Stocks 430,360 465,280
Debtors 7 1,378,074 1,256,488
Cash at bank and in hand 230,327 135,118
2,038,761 1,856,886
CREDITORS
Amounts falling due within one year 8 1,260,218 1,156,048
NET CURRENT ASSETS 778,543 700,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,335,690

1,315,346

CREDITORS
Amounts falling due after more than one year 9 50,241 69,690
NET ASSETS 1,285,449 1,245,656

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,284,449 1,244,656
SHAREHOLDERS' FUNDS 1,285,449 1,245,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Straaltechniek U.K. Limited (Registered number: 04075744)

Balance Sheet - continued
31 October 2023


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 20 August 2024 and were signed on its behalf by:





Mrs L R Allen - Director


Straaltechniek U.K. Limited (Registered number: 04075744)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Straaltechniek U.K. Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Straaltechniek U.K. Limited (Registered number: 04075744)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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.

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 26 (2022 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 27,000
AMORTISATION
At 1 November 2022
and 31 October 2023 27,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 474,687 53,872 495,184 58,341 1,082,084
Additions 11,500 8,560 15,871 7,429 43,360
Disposals - - (49,803 ) - (49,803 )
At 31 October 2023 486,187 62,432 461,252 65,770 1,075,641
DEPRECIATION
At 1 November 2022 284,632 44,550 348,594 41,050 718,826
Charge for year 30,233 2,682 33,611 6,180 72,706
Eliminated on disposal - - (21,788 ) - (21,788 )
At 31 October 2023 314,865 47,232 360,417 47,230 769,744
NET BOOK VALUE
At 31 October 2023 171,322 15,200 100,835 18,540 305,897
At 31 October 2022 190,055 9,322 146,590 17,291 363,258

Straaltechniek U.K. Limited (Registered number: 04075744)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 251,250
NET BOOK VALUE
At 31 October 2023 251,250
At 31 October 2022 251,250

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Blastcom (U.K.) Limited
Registered office: UK
Nature of business: Supply of blast cleaning equipments & spares.
%
Class of shares: holding
Ordinary 65.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 1,110,414 962,940
Other debtors 267,660 293,548
1,378,074 1,256,488

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 733 733
Hire purchase contracts 87,854 10,677
Trade creditors 519,769 752,100
Taxation and social security 183,078 86,798
Other creditors 468,784 305,740
1,260,218 1,156,048

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 50,241 69,690

Straaltechniek U.K. Limited (Registered number: 04075744)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

10. OTHER FINANCIAL COMMITMENTS

At 31 October 2017 the company had annual commitments under non-cancellable operating leases as follows:


Expiring in over 5 years £34,000 ( £34,000 - 2018)

These commitments are in respect of a long term lease between the company and its pension scheme with regard to manufacturing premises.

11. ULTIMATE CONTROLLING PARTY

The controlling party is G J Ward.