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REGISTERED NUMBER: 04484007 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

SSTRING LTD

SSTRING LTD (REGISTERED NUMBER: 04484007)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SSTRING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: C A Hassan
Ms H A Campion





REGISTERED OFFICE: Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN





REGISTERED NUMBER: 04484007 (England and Wales)





ACCOUNTANTS: John Williams & Co Limited
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

SSTRING LTD (REGISTERED NUMBER: 04484007)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,846 29,415
Investments 5 - 25,000
27,846 54,415

CURRENT ASSETS
Debtors 6 429,176 329,240
Cash at bank 162,431 332,366
591,607 661,606
CREDITORS
Amounts falling due within one year 7 313,195 299,693
NET CURRENT ASSETS 278,412 361,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,258

416,328

CREDITORS
Amounts falling due after more than one
year

8

(9,352

)

(18,995

)

PROVISIONS FOR LIABILITIES 10 (6,962 ) (5,589 )
NET ASSETS 289,944 391,744

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 289,844 391,644
SHAREHOLDERS' FUNDS 289,944 391,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SSTRING LTD (REGISTERED NUMBER: 04484007)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





C A Hassan - Director


SSTRING LTD (REGISTERED NUMBER: 04484007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

SSTRING Ltd 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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 9 (2023 - 10 ) .

SSTRING LTD (REGISTERED NUMBER: 04484007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 40,311 10,226 1,041 51,578
Additions - - 5,669 5,669
At 30 June 2024 40,311 10,226 6,710 57,247
DEPRECIATION
At 1 July 2023 15,555 6,348 260 22,163
Charge for year 3,714 2,556 968 7,238
At 30 June 2024 19,269 8,904 1,228 29,401
NET BOOK VALUE
At 30 June 2024 21,042 1,322 5,482 27,846
At 30 June 2023 24,756 3,878 781 29,415

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 25,000
Disposals (25,000 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 25,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 402,992 121,941
Other debtors 3,629 433
Directors' current accounts 22,555 49,555
VAT - 9,881
Prepayments and accrued income - 147,430
429,176 329,240

SSTRING LTD (REGISTERED NUMBER: 04484007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 236,013 180,270
Tax 30,826 67,728
Social security and other taxes 5,709 14,361
VAT 25,494 -
Other creditors 5,153 15,356
Accrued expenses - 11,978
313,195 299,693

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 9,352 18,995

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,352 18,995

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,962 5,589

Deferred
tax
£   
Balance at 1 July 2023 5,589
Provided during year 1,373
Balance at 30 June 2024 6,962

SSTRING LTD (REGISTERED NUMBER: 04484007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary £1 50 50
50 Ordinary 'A' £1 50 50
100 100

12. RESERVES
Retained
earnings
£   

At 1 July 2023 391,644
Profit for the year 69,200
Dividends (171,000 )
At 30 June 2024 289,844