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REGISTERED NUMBER: 05203285 (England and Wales)
















































Financial Statements

for the Year Ended 31 December 2024

for

Straight Solutions Limited

Straight Solutions Limited (Registered number: 05203285)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Straight Solutions Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: B A Dunk
M L Baker





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 05203285 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Straight Solutions Limited (Registered number: 05203285)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,407 14,042

CURRENT ASSETS
Debtors 5 1,020,683 1,019,985
Cash at bank 572,275 684,934
1,592,958 1,704,919
CREDITORS
Amounts falling due within one year 6 70,846 142,153
NET CURRENT ASSETS 1,522,112 1,562,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,537,519

1,576,808

PROVISIONS FOR LIABILITIES 3,852 3,510
NET ASSETS 1,533,667 1,573,298

CAPITAL AND RESERVES
Called up share capital 401 401
Share premium 14,999 14,999
Retained earnings 1,518,267 1,557,898
SHAREHOLDERS' FUNDS 1,533,667 1,573,298

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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:



B A Dunk - Director


Straight Solutions Limited (Registered number: 05203285)

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

1. STATUTORY INFORMATION

Straight Solutions 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.

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 - 15% on reducing balance

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 35,217
Additions 4,088
At 31 December 2024 39,305
DEPRECIATION
At 1 January 2024 21,175
Charge for year 2,723
At 31 December 2024 23,898
NET BOOK VALUE
At 31 December 2024 15,407
At 31 December 2023 14,042

Straight Solutions Limited (Registered number: 05203285)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 1,011,289 1,011,289
Other debtors 9,394 8,696
1,020,683 1,019,985

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 70,846 142,153

7. ULTIMATE PARENT COMPANY

The controlling party is STR8 HOLDINGS LIMITED.