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STRUDLEY GROUP LIMITED

Registered Number
10784025
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

STRUDLEY GROUP LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

BANDLAMUDI, Lakshmi
RAYIPUDI, Ramakrishna

Registered Address

Subway
47 King Street
Stroud
GL5 3DA

Registered Number

10784025 (England and Wales)
STRUDLEY GROUP LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets311,67715,570
Tangible assets464,04980,143
75,72695,713
Current assets
Stocks53,6363,819
Debtors628,86914,378
Cash at bank and on hand-1,279
32,50519,476
Creditors amounts falling due within one year7(46,719)(42,470)
Net current assets (liabilities)(14,214)(22,994)
Total assets less current liabilities61,51272,719
Creditors amounts falling due after one year8(47,453)(58,413)
Provisions for liabilities9(14,078)(13,328)
Net assets(19)978
Capital and reserves
Called up share capital100100
Profit and loss account(119)878
Shareholders' funds(19)978
The financial statements were approved and authorised for issue by the Board of Directors on 27 January 2025, and are signed on its behalf by:
BANDLAMUDI, Lakshmi
Director
RAYIPUDI, Ramakrishna
Director

Registered Company No. 10784025
STRUDLEY GROUP LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible fixed assets are stated at cost or valuation less amortisation. Amortisation is provided on all intangible fixed assets as follows: Goodwill amortised @ 10 years. Patents & License amortised @ 10 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-25
Plant and machinery-25
Fixtures and fittings10-
Office Equipment10-
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year910
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 June 2335,0003,92438,924
At 31 May 2435,0003,92438,924
Amortisation and impairment
At 01 June 2321,0002,35423,354
Charge for year3,5003933,893
At 31 May 2424,5002,74727,247
Net book value
At 31 May 2410,5001,17711,677
At 31 May 2314,0001,57015,570
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 June 2314,78939,06894,861627149,345
Additions---459459
At 31 May 2414,78939,06894,8611,086149,804
Depreciation and impairment
At 01 June 236,8369,91552,21623569,202
Charge for year2,4479,7674,2647516,553
At 31 May 249,28319,68256,48031085,755
Net book value
At 31 May 245,50619,38638,38177664,049
At 31 May 237,95329,15342,64539280,143
5.Stocks

2024

2023

££
Raw materials and consumables3,6363,819
Total3,6363,819
6.Debtors: amounts due within one year

2024

2023

££
Other debtors27,45713,131
Prepayments and accrued income1,4121,247
Total28,86914,378
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables14,60614,630
Bank borrowings and overdrafts18,94015,155
Taxation and social security7,2617,965
Other creditors5,0041,701
Accrued liabilities and deferred income9083,019
Total46,71942,470
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts47,45358,413
Total47,45358,413
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)14,07813,328
Total14,07813,328
10.Directors advances, credits and guarantees
Included in other debtors is an amount of £27,457 (2023: £12,684 Cr) relates to director's loan account Mr J Strudley.