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REGISTERED NUMBER: 01008238 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

STROUD INSTRUMENTS LTD

STROUD INSTRUMENTS LTD (REGISTERED NUMBER: 01008238)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STROUD INSTRUMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs R R Davis
G A Davis





SECRETARY: Mrs R R Davis





REGISTERED OFFICE: Enderley
Bulls Cross
Stroud
Gloucestershire
GL6 7QT





REGISTERED NUMBER: 01008238 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

STROUD INSTRUMENTS LTD (REGISTERED NUMBER: 01008238)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 267,033 267,384
Investment property 5 250,000 250,000
517,033 517,384

CURRENT ASSETS
Inventories 8,724 7,399
Debtors 6 33,010 41,604
Cash at bank and in hand 57,631 45,321
99,365 94,324
CREDITORS
Amounts falling due within one year 7 31,401 34,637
NET CURRENT ASSETS 67,964 59,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

584,997

577,071

PROVISIONS FOR LIABILITIES 17,168 17,007
NET ASSETS 567,829 560,064

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 567,826 560,061
SHAREHOLDERS' FUNDS 567,829 560,064

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

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

STROUD INSTRUMENTS LTD (REGISTERED NUMBER: 01008238)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:




G A Davis - Director



Mrs R R Davis - Director


STROUD INSTRUMENTS LTD (REGISTERED NUMBER: 01008238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Stroud Instruments 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.

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 the provision of section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Revenue represents the invoiced value of services provided during the period, stated net of VAT.

Revenue from consulting is recognised when the service has been provided and all obligations to the customers have been fulfilled.

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 - 25% on reducing balance

No depreciation is provided on freehold buildings. It is the company's practice to maintain these assets in a continual state of sound repair and to extend and make improvements thereto from time to time and accordingly the directors consider that the lives of these assets are so long, and residual values so high, that their depreciation is insignificant. Any permanent diminution in the value of such buildings will be charged to the profit and loss account as appropriate.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Going concern
The directors have considered the risks and issues concerning the company and its activities and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified by the directors.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Revaluation policy
The directors have kept the trade element of the property at cost. The investment element of the property will be revalued regularly by the directors.

STROUD INSTRUMENTS LTD (REGISTERED NUMBER: 01008238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 August 2023 261,683 213,292 474,975
Additions - 1,192 1,192
At 31 July 2024 261,683 214,484 476,167
DEPRECIATION
At 1 August 2023 - 207,591 207,591
Charge for year - 1,543 1,543
At 31 July 2024 - 209,134 209,134
NET BOOK VALUE
At 31 July 2024 261,683 5,350 267,033
At 31 July 2023 261,683 5,701 267,384

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 250,000
NET BOOK VALUE
At 31 July 2024 250,000
At 31 July 2023 250,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2016 55,826
Valuation in 2022 63,333
Cost 130,841
250,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 130,841 130,841

Investment property was valued on an open market basis on 31 July 2024 by the directors .

The directors have confirmed there are no material changes from the previous year end.

STROUD INSTRUMENTS LTD (REGISTERED NUMBER: 01008238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,917 29,698
Prepayments 13,093 11,906
33,010 41,604

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,599 11,369
Corporation Tax 1,942 7,147
VAT 477 3,209
Other creditors - 1,325
Directors' loan accounts 8,633 8,321
Accrued expenses 2,750 3,266
31,401 34,637

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mrs R R Davis
Balance outstanding at start of year (1,134 ) (1,134 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,134 ) (1,134 )

G A Davis
Balance outstanding at start of year (7,187 ) (6,876 )
Amounts repaid (312 ) (311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,499 ) (7,187 )

There is no interest being charged on the loans and there are no set repayment terms.