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REGISTERED NUMBER: 02093094 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

STRAIL (UK) LIMITED

STRAIL (UK) LIMITED (REGISTERED NUMBER: 02093094)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


STRAIL (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: Mr R M Whatley
Mr S J Whatley





REGISTERED OFFICE: Unit 3 Riverside Way
Gateway Business Park
Bolsover
Chesterfield
Derbyshire
S44 6GA





REGISTERED NUMBER: 02093094 (England and Wales)





AUDITORS: Pesters (Chartered Certified Accountants and
Statutory Auditors)
2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD

STRAIL (UK) LIMITED (REGISTERED NUMBER: 02093094)

STATEMENT OF FINANCIAL POSITION
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,430 56,573

CURRENT ASSETS
Stocks 75,881 112,935
Debtors 5 975,682 1,193,744
Cash at bank 1,533,817 2,158,393
2,585,380 3,465,072
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

1,041,187

1,902,342
NET CURRENT ASSETS 1,544,193 1,562,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,586,623

1,619,303

PROVISIONS FOR LIABILITIES 5,666 8,117
NET ASSETS 1,580,957 1,611,186

CAPITAL AND RESERVES
Called up share capital 8 61,000 61,000
Retained earnings 1,519,957 1,550,186
SHAREHOLDERS' FUNDS 1,580,957 1,611,186

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





Mr R M Whatley - Director


STRAIL (UK) LIMITED (REGISTERED NUMBER: 02093094)

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


1. STATUTORY INFORMATION

Strail (UK) 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 fair value for the consideration receivable excluding discounts, rebates and value added tax. It is recognised at the point a job or service is completed or, if not fully completed, to the percentage of completion at that point in time that the company is entitled to receive.

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

Tangible fixed assets are included at cost less depreciation and impairment.

At each balance sheet date, the Company reviews the carrying amounts of its plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. There has been no impairment loss in this financial year.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost comprises all costs of purchase, cost of conversion and other costs incurred bringing the inventories to their present condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

STRAIL (UK) LIMITED (REGISTERED NUMBER: 02093094)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

The company operates a Stakeholder Pension scheme for staff members. The assets of this scheme are also held separately from those of the company. Company contributions for the year are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 129,273
DEPRECIATION
At 1 May 2023 72,700
Charge for year 14,143
At 30 April 2024 86,843
NET BOOK VALUE
At 30 April 2024 42,430
At 30 April 2023 56,573

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 957,671 617,296
Other debtors 18,011 576,448
975,682 1,193,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 25,866 74,420
Taxation and social security 639,315 801,363
Other creditors 376,006 1,026,559
1,041,187 1,902,342

STRAIL (UK) LIMITED (REGISTERED NUMBER: 02093094)

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


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 6,165 6,165

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
61,000 Ordinary £1 61,000 61,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michele Ann Herzog (Senior Statutory Auditor)
for and on behalf of Pesters (Chartered Certified Accountants and

10. CONTINGENT LIABILITIES

The company has operated a Trust based incentive scheme. In some cases these schemes have been challenged by HM Revenue & Customs. The directors and Trust advisors are of the opinion that the scheme is being operated correctly and no provision has been made, or is considered necessary, in the financial statements for any potential tax liabilities arising from its' use.

11. ULTIMATE PARENT COMPANY

The controlling party is Whatley (Holdings) Limited.

This company is part of the Group in which Whatley (Holdings) Limited is the parent undertaking, whose registered office is Room 2, 3 Tannery House, Tannery Lane, Send, Woking, Surrey, GU23 7EF.