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REGISTERED NUMBER: 09513428 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

L A Strachan Ltd

L A Strachan Ltd (Registered number: 09513428)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


L A Strachan Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs L Strachan
Mr A Strachan





SECRETARY: Mrs L Strachan





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 09513428 (England and Wales)





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

L A Strachan Ltd (Registered number: 09513428)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,529 82,531

CURRENT ASSETS
Stocks 10,000 12,000
Debtors 5 101,273 73,528
Cash at bank and in hand 188 9,083
111,461 94,611
CREDITORS
Amounts falling due within one year 6 104,538 83,228
NET CURRENT ASSETS 6,923 11,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,452

93,914

CREDITORS
Amounts falling due after more than one
year

7

(112,376

)

(74,643

)

PROVISIONS FOR LIABILITIES (23,896 ) (15,554 )
NET ASSETS 2,180 3,717

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 2,080 3,617
SHAREHOLDERS' FUNDS 2,180 3,717

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

L A Strachan Ltd (Registered number: 09513428)

Balance Sheet - continued
31 May 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 20 February 2025 and were signed on its behalf by:





Mrs L Strachan - Director


L A Strachan Ltd (Registered number: 09513428)

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

1. STATUTORY INFORMATION

L A Strachan 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 each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 ) .

L A Strachan Ltd (Registered number: 09513428)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 147,261
Additions 85,494
Disposals (173 )
At 31 May 2024 232,582
DEPRECIATION
At 1 June 2023 64,730
Charge for year 36,385
Eliminated on disposal (62 )
At 31 May 2024 101,053
NET BOOK VALUE
At 31 May 2024 131,529
At 31 May 2023 82,531

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 101,273 73,528

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 25,187 -
Hire purchase contracts 6,351 -
Trade creditors 37,318 41,376
Taxation and social security 1,728 23,566
Other creditors 33,954 18,286
104,538 83,228

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 54,019 -
Other creditors 58,357 74,643
112,376 74,643

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst - 9,500

L A Strachan Ltd (Registered number: 09513428)

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

8. RESERVES
Retained
earnings
£   

At 1 June 2023 3,617
Profit for the year 41,169
Dividends (42,706 )
At 31 May 2024 2,080

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mr A Strachan
Balance outstanding at start of year 28,474 14,368
Amounts advanced 36,176 18,353
Amounts repaid (18,353 ) (4,247 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,297 28,474

Mrs L Strachan
Balance outstanding at start of year 28,475 14,369
Amounts advanced 36,175 18,353
Amounts repaid (18,353 ) (4,247 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,297 28,475

Interest has been charged on the above loans at 2.5%.