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REGISTERED NUMBER: 06030336 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

KR Strugnell Limited

KR Strugnell Limited (Registered number: 06030336)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KR Strugnell Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: K Strugnell





REGISTERED OFFICE: 1 Manor Court
Barnes Wallis Road
Fareham
Hampshire
PO15 5TH





REGISTERED NUMBER: 06030336 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

KR Strugnell Limited (Registered number: 06030336)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,340 7,374
6,340 7,374

CURRENT ASSETS
Stocks 6 52 211
Debtors 7 2,343 2,157
Cash at bank 603,856 501,677
606,251 504,045
CREDITORS
Amounts falling due within one year 8 57,321 42,057
NET CURRENT ASSETS 548,930 461,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

555,270

469,362

PROVISIONS FOR LIABILITIES 1,521 1,636
NET ASSETS 553,749 467,726

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 553,748 467,725
SHAREHOLDERS' FUNDS 553,749 467,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KR Strugnell Limited (Registered number: 06030336)

Balance Sheet - continued
31 December 2024


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 director and authorised for issue on 27 January 2025 and were signed by:





K Strugnell - Director


KR Strugnell Limited (Registered number: 06030336)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

KR Strugnell 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.

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 the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Computer equipment - 25% on reducing balance

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

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 balance sheet date.


KR Strugnell Limited (Registered number: 06030336)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 49,850
AMORTISATION
At 1 January 2024
and 31 December 2024 49,850
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

KR Strugnell Limited (Registered number: 06030336)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 35,103
Additions 455
Disposals (650 )
At 31 December 2024 34,908
DEPRECIATION
At 1 January 2024 27,729
Charge for year 1,361
Eliminated on disposal (522 )
At 31 December 2024 28,568
NET BOOK VALUE
At 31 December 2024 6,340
At 31 December 2023 7,374

6. STOCKS
31.12.24 31.12.23
£    £   
Stocks 52 211

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 2,343 2,157

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 27 26
Taxation and social security 49,175 34,431
Other creditors 8,119 7,600
57,321 42,057