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REGISTERED NUMBER: 01773256












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

STRONGBAR LIMITED

STRONGBAR LIMITED (REGISTERED NUMBER: 01773256)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 67,057 67,748

CURRENT ASSETS
Stocks 259,260 280,423
Debtors 281,449 260,662
Cash at bank and in hand 346,373 319,249
887,082 860,334
CREDITORS
Amounts falling due within one year 306,492 301,503
NET CURRENT ASSETS 580,590 558,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

647,647

626,579

CREDITORS
Amounts falling due after more than one
year

(15,795

)

(33,020

)

PROVISIONS FOR LIABILITIES (7,650 ) -
NET ASSETS 624,202 593,559

RESERVES
Called up share capital 100 100
Retained earnings 624,102 593,459
624,202 593,559

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 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.

STRONGBAR LIMITED (REGISTERED NUMBER: 01773256)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 December 2024 and were signed on its behalf by:





A M Jordan - Director


STRONGBAR LIMITED (REGISTERED NUMBER: 01773256)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Strongbar Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01773256 and the registered office is Aylsham Industrial Estate, Banningham Road, Aylsham, Norwich, Norfolk, NR11 6LP.

The presentation currency of the financial statements is sterling.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the value of goods and services invoiced to customers less returns after deducting trade and other discounts and excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 10% on cost
Tooling - 25% on cost

Stocks
Stocks and work in progress are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks on a basis consistent with previous years.

Cost comprises all costs incurred in bringing each product to its present location and condition including, where appropriate, a proportion of manufacturing overheads. Net realisable value is based on estimated selling price less further costs expected to be incurred to completion and disposal.

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.


STRONGBAR LIMITED (REGISTERED NUMBER: 01773256)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued
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.

Operating leases
Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 28 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 478,582
Additions 10,666
At 30 June 2024 489,248
DEPRECIATION
At 1 July 2023 410,834
Charge for year 11,357
At 30 June 2024 422,191
NET BOOK VALUE
At 30 June 2024 67,057
At 30 June 2023 67,748

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.