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Registration number: 09088642

Strand Energy & Engineering Ltd

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Period from 1 April 2023 to 29 September 2024

 

Strand Energy & Engineering Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

Strand Energy & Engineering Ltd

Company Information

Directors

Mr Michael Lucht

Mr C Bennett

Registered office

Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Strand Energy & Engineering Ltd

(Registration number: 09088642)
Abridged Balance Sheet as at 29 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

2,835

3,653

Tangible assets

5

165,831

140,910

Other financial assets

6

150,150

150,150

 

318,816

294,713

Current assets

 

Debtors

190,478

293,766

Cash at bank and in hand

 

1,489

4,684

 

191,967

298,450

Prepayments and accrued income

 

366

113

Creditors: Amounts falling due within one year

7.1

(414,229)

(499,016)

Net current liabilities

 

(221,896)

(200,453)

Total assets less current liabilities

 

96,920

94,260

Creditors: Amounts falling due after more than one year

7.2

(7,833)

(21,600)

Accruals and deferred income

 

(2,750)

(2,750)

Net assets

 

86,337

69,910

Capital and reserves

 

Called up share capital

8

363,140

237,140

Share premium reserve

30,000

30,000

Retained earnings

(306,803)

(197,230)

Shareholders' funds

 

86,337

69,910

 

Strand Energy & Engineering Ltd

(Registration number: 09088642)
Abridged Balance Sheet as at 29 September 2024

For the financial period ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2025 and signed on its behalf by:
 

.........................................

Mr Michael Lucht
Director

 

Strand Energy & Engineering Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 29 September 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

These financial statements were authorised for issue by the Board on 14 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Strand Energy & Engineering Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 29 September 2024

Asset class

Depreciation method and rate

Furniture, fittings and equipment

Straight line over 15 years

Plant and machinery

Straight line over 15 years

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intangible assets

Straight line over 11 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Strand Energy & Engineering Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 29 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements
in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

 

Strand Energy & Engineering Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 29 September 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2023

19,690

At 29 September 2024

19,690

Amortisation

At 1 April 2023

16,037

Amortisation charge

818

At 29 September 2024

16,855

Carrying amount

At 29 September 2024

2,835

At 31 March 2023

3,653

5

Tangible assets

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

664

225,133

225,797

Additions

-

47,500

47,500

At 29 September 2024

664

272,633

273,297

Depreciation

At 1 April 2023

293

84,593

84,886

Charge for the period

67

22,513

22,580

At 29 September 2024

360

107,106

107,466

Carrying amount

At 29 September 2024

304

165,527

165,831

At 31 March 2023

370

140,540

140,910

 

Strand Energy & Engineering Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 29 September 2024

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

150,150

150,150

At 29 September 2024

150,150

150,150

Impairment

Carrying amount

At 29 September 2024

150,150

150,150

7

Creditors

Creditors: amounts falling due within one year

Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £7,200 (2023 - £11,230).

Creditors: amounts falling due after more than one year

Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £7,833 (2023 - £21,600).

 

Strand Energy & Engineering Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 April 2023 to 29 September 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

20

20

20

20

Ordinary B of £1 each

20

20

20

20

Ordinary C of £1 each

30

30

30

30

Ordinary D of £1 each

30

30

30

30

Preference A of £1 each

71,557

71,557

71,557

71,557

Preference B of £1 each

20,972

20,972

20,972

20,972

Preference D of £1 each

36,000

36,000

36,000

36,000

Preference E of £1 each

98,511

98,511

98,511

98,511

Preference F of £1 each

10,000

10,000

10,000

10,000

Preference G of £1 (2023 - £0) each

126,000

126,000

-

-

363,140

363,140

237,140

237,140

9

Related party transactions

Key management personnel

Directors

Summary of transactions with key management

During the period the directors continued to provide the company with an unsecured, interest free, repayable on demand loan. At the balance sheet date the amount due to the directors was £269,105 (2023 - £255,560).