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Registered number: 10654790

Strategic Business Exits Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Johnston and Co
Accountants
Cherry Trees
DY12 3LE

Strategic Business Exits Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
John Richard Knight
REGISTERED OFFICE
Cherry Trees
Pound Green
Bewdley
DY12 3LE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10654790
ACCOUNTANTS
Johnston and Co
Accountants
Cherry Trees
DY12 3LE

Strategic Business Exits Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Strategic Business Exits Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets412,2643,226
CURRENT ASSETS
Debtors5165,64174,000
Cash at bank and in hand48,19757,807
213,838131,807
CREDITORS: Amounts falling due within one year6139,32969,867
NET CURRENT ASSETS74,50961,940
TOTAL ASSETS LESS CURRENT LIABILITIES86,77365,166
CREDITORS: Amounts falling due after more than one year76,25010,833
PROVISIONS FOR LIABILITIES AND CHARGES8332439
NET ASSETS80,19153,894
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account80,09153,794
SHAREHOLDERS' FUNDS80,19153,894
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11/11/2024 and signed on their behalf by
.............................
John Richard Knight
Director

Strategic Business Exits Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsreducing balance 15%
Fixtures and Fittingsstraight line 12.5%
Equipmentreducing balance 25%
1c. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20242023
No.No.
Average number of employees22

Strategic Business Exits Limited

3. INTANGIBLE FIXED ASSETS
Purchased
PatentsGoodwillTotal
£££
Cost
At 01/04/202315,60010,95026,550
At 31/03/202415,60010,95026,550
Depreciation
At 01/04/202315,60010,95026,550
At 31/03/202415,60010,95026,550
Net Book Amounts
At 31/03/2024---
4. TANGIBLE FIXED ASSETS
Land AndFixtures
Buildingsand FittingsEquipmentTotal
££££
Cost
At 01/04/2023-3,0163,6256,641
Additions10,852--10,852
At 31/03/202410,8523,0163,62517,493
Depreciation
At 01/04/2023-1,4481,9673,415
For the year1,0853144151,814
At 31/03/20241,0851,7622,3825,229
Net Book Amounts
At 31/03/20249,7671,2541,24312,264
At 31/03/2023-1,5681,6583,226
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors160,20074,000
VAT5,441-
165,64174,000

Strategic Business Exits Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax24,4216,078
VAT-1,672
Directors current account41,2931,163
Bank Loan5,0005,000
Trade creditors56,99554,334
Accruals11,6201,620
139,32969,867
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr6,25010,833
6,25010,833
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation332439
332439
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100