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REGISTERED NUMBER: 08840936 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Stratospherec Limited

Stratospherec Limited (Registered number: 08840936)






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


Stratospherec Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: G D Badcock
Mrs M A Badcock





REGISTERED OFFICE: Suite F6
Bluesky Business Centre
25 Cecil Pashley Way
Brighton City Airport
BN43 5FF





REGISTERED NUMBER: 08840936 (England and Wales)






Stratospherec Limited (Registered number: 08840936)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,131 8,858

CURRENT ASSETS
Debtors 5 212,459 126,343
Cash at bank 118,804 275,363
331,263 401,706
CREDITORS
Amounts falling due within one year 6 83,265 114,799
NET CURRENT ASSETS 247,998 286,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,129

295,765

PROVISIONS FOR LIABILITIES 2,033 1,683
NET ASSETS 254,096 294,082

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 253,996 293,982
SHAREHOLDERS' FUNDS 254,096 294,082

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 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.

Stratospherec Limited (Registered number: 08840936)

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 Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





G D Badcock - Director


Stratospherec Limited (Registered number: 08840936)

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

1. STATUTORY INFORMATION

Stratospherec 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 25% on reducing balance and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

Stratospherec Limited (Registered number: 08840936)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 19,774
Additions 3,300
At 31 January 2024 23,074
DEPRECIATION
At 1 February 2023 10,916
Charge for year 4,027
At 31 January 2024 14,943
NET BOOK VALUE
At 31 January 2024 8,131
At 31 January 2023 8,858

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 36,612 39,688
Other debtors 175,847 86,655
212,459 126,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 13,803 22,514
Taxation and social security 67,132 90,085
Other creditors 2,330 2,200
83,265 114,799

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
G D Badcock
Balance outstanding at start of year 42,551 12,702
Amounts advanced 145,080 130,139
Amounts repaid (101,687 ) (100,290 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 85,944 42,551

Stratospherec Limited (Registered number: 08840936)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs M A Badcock
Balance outstanding at start of year 42,556 12,702
Amounts advanced 145,285 129,785
Amounts repaid (99,486 ) (99,931 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 88,355 42,556

Interest has been charged at 2% on overdrawn directors' loan accounts.