Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30No description of principal activityfalse132023-07-01false13falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02897883 2023-07-01 2024-06-30 02897883 2022-07-01 2023-06-30 02897883 2024-06-30 02897883 2023-06-30 02897883 c:Director1 2023-07-01 2024-06-30 02897883 d:PlantMachinery 2023-07-01 2024-06-30 02897883 d:PlantMachinery 2024-06-30 02897883 d:PlantMachinery 2023-06-30 02897883 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02897883 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 02897883 d:MotorVehicles 2023-07-01 2024-06-30 02897883 d:MotorVehicles 2024-06-30 02897883 d:MotorVehicles 2023-06-30 02897883 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02897883 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 02897883 d:FurnitureFittings 2023-07-01 2024-06-30 02897883 d:FurnitureFittings 2024-06-30 02897883 d:FurnitureFittings 2023-06-30 02897883 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02897883 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 02897883 d:OfficeEquipment 2023-07-01 2024-06-30 02897883 d:OfficeEquipment 2024-06-30 02897883 d:OfficeEquipment 2023-06-30 02897883 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02897883 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 02897883 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02897883 d:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 02897883 d:CurrentFinancialInstruments 2024-06-30 02897883 d:CurrentFinancialInstruments 2023-06-30 02897883 d:Non-currentFinancialInstruments 2024-06-30 02897883 d:Non-currentFinancialInstruments 2023-06-30 02897883 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02897883 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02897883 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 02897883 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 02897883 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 02897883 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 02897883 d:ShareCapital 2024-06-30 02897883 d:ShareCapital 2023-06-30 02897883 d:RetainedEarningsAccumulatedLosses 2024-06-30 02897883 d:RetainedEarningsAccumulatedLosses 2023-06-30 02897883 c:FRS102 2023-07-01 2024-06-30 02897883 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02897883 c:FullAccounts 2023-07-01 2024-06-30 02897883 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02897883 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 02897883 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 02897883 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 02897883 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 02897883 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 02897883 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 02897883 2 2023-07-01 2024-06-30 02897883 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 02897883














STRANK'S REMOVALS & STORAGE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024

 
STRANK'S REMOVALS & STORAGE LIMITED
REGISTERED NUMBER:02897883

BALANCE SHEET
AS AT 30 JUNE 2024

As restated
2024
2023
Note

FIXED ASSETS
  

Tangible assets
 4 
109,692
82,039

  
109,692
82,039

CURRENT ASSETS
  

Stocks
  
2,500
1,500

Debtors: amounts falling due within one year
 5 
36,328
67,004

Cash at bank and in hand
 6 
80,834
97,780

  
119,662
166,284

Creditors: amounts falling due within one year
 7 
(89,635)
(113,367)

NET CURRENT ASSETS
  
 
 
30,027
 
 
52,917

TOTAL ASSETS LESS CURRENT LIABILITIES
  
139,719
134,956

Creditors: amounts falling due after more than one year
 8 
(34,888)
(20,485)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(27,423)
(20,510)

  
 
 
(27,423)
 
 
(20,510)

NET ASSETS
  
£77,408
£93,961


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
77,308
93,861

  
£77,408
£93,961


Page 1

 
STRANK'S REMOVALS & STORAGE LIMITED
REGISTERED NUMBER:02897883

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 November 2024.




___________________________
D M Strank
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
STRANK'S REMOVALS & STORAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Strank's Removals & Storage Limited is a company limited by shares and incorporated in England and Wales. The company registration number is 02897883. The registered office for the company is Unit 5, Wotton Trading Estate, Wotton Road, Ashford, Kent, TN23 6LL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
STRANK'S REMOVALS & STORAGE LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
STRANK'S REMOVALS & STORAGE LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance basis
Motor vehicles
-
25% reducing balance basis
Fixtures and fittings
-
25% reducing balance basis
Office equipment
-
20% straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
STRANK'S REMOVALS & STORAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2023 -13).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total



Cost or valuation


At 1 July 2023
117,470
207,639
2,276
2,415
329,800


Additions
-
63,955
-
874
64,829


Disposals
-
(22,976)
-
-
(22,976)



At 30 June 2024

117,470
248,618
2,276
3,289
371,653



Depreciation


At 1 July 2023
109,292
134,767
2,218
1,484
247,761


Charge for the year on owned assets
2,046
16,909
14
439
19,408


Charge for the year on financed assets
-
13,369
-
-
13,369


Disposals
-
(18,577)
-
-
(18,577)



At 30 June 2024

111,338
146,468
2,232
1,923
261,961



Net book value



At 30 June 2024
£6,132
£102,150
£44
£1,366
£109,692



At 30 June 2023
£8,178
£72,872
£58
£931
£82,039

Page 6

 
STRANK'S REMOVALS & STORAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023


Trade debtors
16,886
22,527

Other debtors
1,875
-

Prepayments and accrued income
17,567
44,477

£36,328
£67,004



6.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
£80,834
£97,780



7.


Creditors: Amounts falling due within one year

2024
2023

Bank loans
9,978
9,516

Trade creditors
22,636
17,635

Corporation tax
8,656
25,702

Other taxation and social security
25,020
23,839

Obligations under finance lease and hire purchase contracts
7,852
3,510

Other creditors
9,245
25,974

Accruals and deferred income
6,248
7,191

£89,635
£113,367



8.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
10,023
20,485

Net obligations under finance leases and hire purchase contracts
24,865
-

£34,888
£20,485


Page 7

 
STRANK'S REMOVALS & STORAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
9,978
9,516


9,978
9,516

Amounts falling due 1-2 years

Bank loans
10,023
20,484


10,023
20,484



£20,001
£30,000



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023


Within one year
7,852
3,510

Due 1 - 5 years
24,865
-

£32,717
£3,510


11.


Deferred taxation




2024





At beginning of year
20,510


Charged to profit or loss
6,913



At end of year
£27,423

The provision for deferred taxation is made up as follows:

As restated
2024
2023


Accelerated capital allowances
£27,423
£20,510

Page 8

 
STRANK'S REMOVALS & STORAGE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

12.


Prior year adjustment

The prior year adjustment has arisen due to the omission of deferred taxation. The effect of the adjustments are as follows;


Profit as previously reported for the year ended 30 June 2023
74,259

Correction to deferred tax
6,855

Restated profit for the year ended 30 June 2023
81,114




Profit and loss reserve at 1 July 2023 as previously stated
114,371

Restatement to deferred tax at 1 July 2022
(27,365)

Restatement to the profit and loss account for the year ended 30 June 2023 as stated above
6,855

Restated profit and loss reserve at 1 July 2023
93,861


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £13,772 (2023 - £14,216). Contributions totalling £169 (2023 - £307) were payable to the fund at the balance sheet date and are included in creditors.



Page 9