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REGISTERED NUMBER: 03634372 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH SEPTEMBER 2024

FOR

THE STRENGTHS ORGANISATION LIMITED

THE STRENGTHS ORGANISATION LIMITED (REGISTERED NUMBER: 03634372)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


THE STRENGTHS ORGANISATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







Director: M Pegg





Secretary: Mrs B Pegg-Karlsson





Registered office: Stoney Way
Kiln Green
Bishopswood
Ross on Wye
Herefordshire
HR9 5RB





Registered number: 03634372 (England and Wales)

THE STRENGTHS ORGANISATION LIMITED (REGISTERED NUMBER: 03634372)

BALANCE SHEET
30TH SEPTEMBER 2024

30.9.24 30.9.23
Notes £ £ £
Fixed assets
Intangible assets 4 720 840
Tangible assets 5 1,791 888
2,511 1,728

Current assets
Debtors 6 18,625 11,195
Cash at bank 48,798 113,435
67,423 124,630
Creditors
Amounts falling due within one year 7 46,466 58,104
Net current assets 20,957 66,526
Total assets less current liabilities 23,468 68,254

Provisions for liabilities 8 600 400
Net assets 22,868 67,854

Capital and reserves
Called up share capital 9 100 100
Retained earnings 22,768 67,754
Shareholders' funds 22,868 67,854

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 STRENGTHS ORGANISATION LIMITED (REGISTERED NUMBER: 03634372)

BALANCE SHEET - continued
30TH SEPTEMBER 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 director and authorised for issue on 3rd April 2025 and were signed by:





M Pegg - Director


THE STRENGTHS ORGANISATION LIMITED (REGISTERED NUMBER: 03634372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. Statutory information

The Strengths Organisation 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.

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
The turnover represents net invoiced sales, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following rates on the straight line method in order to write off each asset over its estimated useful life:

Office equipment15%
Computer equipment33%

THE STRENGTHS ORGANISATION LIMITED (REGISTERED NUMBER: 03634372)

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


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducing all of its liabilities.

THE STRENGTHS ORGANISATION LIMITED (REGISTERED NUMBER: 03634372)

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


2. Accounting policies - continued
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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

Work in progress
Work in progress is valued as a percentage of the final invoice value according to the level of completion. The value of work in progress is included within sales in the profit and loss account and within other debtors in the balance sheet.

3. Employees (including officers)

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

THE STRENGTHS ORGANISATION LIMITED (REGISTERED NUMBER: 03634372)

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


4. Intangible fixed assets
Other
intangible
assets
£
Cost
At 1st October 2023
and 30th September 2024 1,200
Amortisation
At 1st October 2023 360
Charge for year 120
At 30th September 2024 480
Net book value
At 30th September 2024 720
At 30th September 2023 840

5. Tangible fixed assets
Office Computer
equipment equipment Totals
£ £ £
Cost
At 1st October 2023 1,429 8,213 9,642
Additions 1,665 - 1,665
At 30th September 2024 3,094 8,213 11,307
Depreciation
At 1st October 2023 941 7,813 8,754
Charge for year 362 400 762
At 30th September 2024 1,303 8,213 9,516
Net book value
At 30th September 2024 1,791 - 1,791
At 30th September 2023 488 400 888

THE STRENGTHS ORGANISATION LIMITED (REGISTERED NUMBER: 03634372)

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


6. Debtors: amounts falling due within one year
30.9.24 30.9.23
£ £
Trade debtors 13,920 3,575
Other debtors 4,705 7,620
18,625 11,195

7. Creditors: amounts falling due within one year
30.9.24 30.9.23
£ £
Trade creditors 392 957
Corporation tax 1,100 4,200
Social security & other tax 1,840 187
Other creditors 11,400 -
Director's loan account 31,734 52,760
46,466 58,104

8. Provisions for liabilities
30.9.24 30.9.23
£ £
Deferred tax 600 400

Deferred tax
£
Balance at 1st October 2023 400
Accelerated capital allowances 200
Balance at 30th September 2024 600

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £ £
100 Ordinary shares £1 100 100

10. Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments at 30th September 2024.

THE STRENGTHS ORGANISATION LIMITED (REGISTERED NUMBER: 03634372)

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


11. Related party disclosures

During the year, the director of the company used a current account with the company to record amounts due to them and amounts drawn by them. The balance at the year end was £31,734 owed by the company (2023: £52,760).