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REGISTERED NUMBER: 03332447 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Suddenstrike Limited

Suddenstrike Limited (Registered number: 03332447)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Suddenstrike Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: Mrs E J Adams
S J Wilkinson
J K Wilkinson





SECRETARY: J K Wilkinson





REGISTERED OFFICE: Red Lion Farm
Sound Heath
Sound
Nantwich
Cheshire
CW5 8BU





REGISTERED NUMBER: 03332447 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Suddenstrike Limited (Registered number: 03332447)

Balance Sheet
30 June 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 704,295 707,335

CURRENT ASSETS
Stocks 113,750 102,000
Debtors 5 136,533 177,464
Cash at bank 15,566 130,376
265,849 409,840
CREDITORS
Amounts falling due within one year 6 (414,089 ) (444,416 )
NET CURRENT LIABILITIES (148,240 ) (34,576 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

556,055

672,759

CREDITORS
Amounts falling due after more than one year 7 (204,071 ) (241,467 )

PROVISIONS FOR LIABILITIES (53,120 ) (56,969 )
NET ASSETS 298,864 374,323

CAPITAL AND RESERVES
Called up share capital 8 103 103
Retained earnings 298,761 374,220
SHAREHOLDERS' FUNDS 298,864 374,323

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.

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 17 March 2025 and were signed on its behalf by:





J K Wilkinson - Director


Suddenstrike Limited (Registered number: 03332447)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Suddenstrike 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 the fair value of the consideration received or receivable, net of VAT and trade discounts. Turnover is also measured net of the estimated value of customer returns and volume rebates. Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
The company has transferred all the significant risks and rewards of ownership of the goods to the buyer;
The company retains neither continuing managerial involvement, nor effective control, over the goods to the degree usually associated with ownership;
The amount of the revenue can be reliably measured;
It is probable (ie, more likely than not) that the economic benefits associated with the sale will flow to the entity; and
The costs (to be) incurred in respect of the transaction can be reliably measured. Turnover is recognised on despatch of goods which is the point at which the company transfers the significant risks and rewards of ownership of the goods to the customer. The company retains legal title of the goods until the customer pays, but this does not constitute a retention of the significant risks and rewards of ownership.
Amounts received in advance of shipping goods to customers are recognised as deferred income and presented within creditors: amounts falling due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on reducing balance and 4% on cost
Plant and machinery etc - 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.

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.

Suddenstrike Limited (Registered number: 03332447)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Share capital
Ordinary shares are classed as equity.

Distribution to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Government grants
Grants received from the government in relation to the coronavirus job retention scheme and loan interest are recognised in the Income Statement in the period in which the benefit is received.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

Suddenstrike Limited (Registered number: 03332447)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 July 2023 495,152 989,651 1,484,803
Additions 45,571 64,550 110,121
Disposals - (29,730 ) (29,730 )
At 30 June 2024 540,723 1,024,471 1,565,194
DEPRECIATION
At 1 July 2023 53,866 723,602 777,468
Charge for year 30,923 82,238 113,161
Eliminated on disposal - (29,730 ) (29,730 )
At 30 June 2024 84,789 776,110 860,899
NET BOOK VALUE
At 30 June 2024 455,934 248,361 704,295
At 30 June 2023 441,286 266,049 707,335

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 July 2023 223,825
Additions 16,001
Transfer to ownership (74,704 )
At 30 June 2024 165,122
DEPRECIATION
At 1 July 2023 102,070
Charge for year 23,283
Transfer to ownership (46,320 )
At 30 June 2024 79,033
NET BOOK VALUE
At 30 June 2024 86,089
At 30 June 2023 121,755

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 136,533 170,591
Other debtors - 6,873
136,533 177,464

Suddenstrike Limited (Registered number: 03332447)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 54,618 24,241
Hire purchase contracts 29,914 44,490
Trade creditors 52,994 43,320
Taxation and social security 227,649 267,378
Other creditors 48,914 64,987
414,089 444,416

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 143,951 164,506
Hire purchase contracts 60,120 76,961
204,071 241,467

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 86,785 97,339

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100
3 Ordinary "A" £1 3 3
103 103

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company has non cancellable operating lease commitments totalling £1,638 (2023: £3,129).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the directors are owed £41,030 (2023: £51,568) which is repayable on demand and attracts no interest.