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REGISTERED NUMBER: 10772924 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Strada Cars Limited

Strada Cars Limited (Registered number: 10772924)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Strada Cars Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr N I Leech
Miss J P Walsh
Mr M Jones





REGISTERED OFFICE: 2B Guiseley Way
Durham Lane Industrial Park
Eaglescliffe
Stockton on Tees
TS16 0RF





REGISTERED NUMBER: 10772924 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Strada Cars Limited (Registered number: 10772924)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 63,857 59,477

CURRENT ASSETS
Stocks 838,342 1,066,978
Debtors 5 129,161 94,596
Cash at bank and in hand 95,734 104,529
1,063,237 1,266,103
CREDITORS
Amounts falling due within one year 6 905,872 1,067,787
NET CURRENT ASSETS 157,365 198,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,222

257,793

CREDITORS
Amounts falling due after more than one
year

7

84,327

80,780
NET ASSETS 136,895 177,013

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 136,885 177,003
136,895 177,013

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Strada Cars Limited (Registered number: 10772924)

Balance Sheet - continued
30 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





Mr N I Leech - Director


Strada Cars Limited (Registered number: 10772924)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Strada Cars 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
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 - 25% on cost, 20% on cost, 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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 2 (2023 - 3 ) .

Strada Cars Limited (Registered number: 10772924)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 35,610 58,149 93,759
Additions - 16,249 16,249
Disposals - (5,700 ) (5,700 )
At 30 September 2024 35,610 68,698 104,308
DEPRECIATION
At 1 October 2023 - 34,282 34,282
Charge for year - 9,589 9,589
Eliminated on disposal - (3,420 ) (3,420 )
At 30 September 2024 - 40,451 40,451
NET BOOK VALUE
At 30 September 2024 35,610 28,247 63,857
At 30 September 2023 35,610 23,867 59,477

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,868 5,235
Amounts owed by group undertakings 21,789 -
Other debtors 83,504 89,361
129,161 94,596

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,320 7,320
Trade creditors 17,239 77,685
Taxation and social security 13,152 12,334
Other creditors 865,161 970,448
905,872 1,067,787

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 22,745 17,780
Other creditors 61,582 63,000
84,327 80,780

Strada Cars Limited (Registered number: 10772924)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr N I Leech
Balance outstanding at start of year 35,336 34,559
Amounts advanced 37,827 151,281
Amounts repaid (35,000 ) (150,504 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,163 35,336

Mr M Jones
Balance outstanding at start of year 18,995 22,586
Amounts advanced 47,018 46,629
Amounts repaid (35,000 ) (50,220 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,013 18,995

Interest has been charged at 2.25% on the above loans.