STR8 Six Limited 05671216 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is motor vehicle engine repair and used car sales Digita Accounts Production Advanced 6.30.9574.0 true true 05671216 2024-01-01 2024-12-31 05671216 2024-12-31 05671216 bus:OrdinaryShareClass1 2024-12-31 05671216 core:CurrentFinancialInstruments 2024-12-31 05671216 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05671216 core:FurnitureFittingsToolsEquipment 2024-12-31 05671216 core:LandBuildings 2024-12-31 05671216 core:MotorVehicles 2024-12-31 05671216 bus:SmallEntities 2024-01-01 2024-12-31 05671216 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05671216 bus:FilletedAccounts 2024-01-01 2024-12-31 05671216 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05671216 bus:RegisteredOffice 2024-01-01 2024-12-31 05671216 bus:Director1 2024-01-01 2024-12-31 05671216 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 05671216 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05671216 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 05671216 core:LandBuildings 2024-01-01 2024-12-31 05671216 core:MotorVehicles 2024-01-01 2024-12-31 05671216 core:Vehicles 2024-01-01 2024-12-31 05671216 countries:UnitedKingdom 2024-01-01 2024-12-31 05671216 2023-12-31 05671216 core:FurnitureFittingsToolsEquipment 2023-12-31 05671216 core:LandBuildings 2023-12-31 05671216 core:MotorVehicles 2023-12-31 05671216 2023-01-01 2023-12-31 05671216 2023-12-31 05671216 bus:OrdinaryShareClass1 2023-12-31 05671216 core:CurrentFinancialInstruments 2023-12-31 05671216 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05671216 core:FurnitureFittingsToolsEquipment 2023-12-31 05671216 core:LandBuildings 2023-12-31 05671216 core:MotorVehicles 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05671216

STR8 Six Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

STR8 Six Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

STR8 Six Limited

(Registration number: 05671216)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,456

3,980

Current assets

 

Stocks

5

396,200

422,200

Debtors

6

89,931

62,809

Cash at bank and in hand

 

395,489

148,885

 

881,620

633,894

Creditors: Amounts falling due within one year

7

(183,236)

(107,484)

Net current assets

 

698,384

526,410

Net assets

 

701,840

530,390

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

700,840

529,390

Shareholders' funds

 

701,840

530,390

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 August 2025
 

.........................................
Mr J Clegg
Director

 

STR8 Six Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
The New Barn
Weston Road
Lewknor
Oxfordshire
OX49 5RU

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 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 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/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.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

STR8 Six Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

Asset class

Depreciation method and rate

Leasehold buildings

10% Straight line

Motor vehicles

25% Straight line

Fixtures, fittings and equipment

33% Straight line

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 at the transaction price. 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

STR8 Six Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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 .

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 6).

 

STR8 Six Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

11,450

64,821

16,900

93,171

Additions

-

208

-

208

At 31 December 2024

11,450

65,029

16,900

93,379

Depreciation

At 1 January 2024

7,470

64,821

16,900

89,191

Charge for the year

663

69

-

732

At 31 December 2024

8,133

64,890

16,900

89,923

Carrying amount

At 31 December 2024

3,317

139

-

3,456

At 31 December 2023

3,980

-

-

3,980

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

380,700

406,700

Other inventories

15,500

15,500

396,200

422,200

6

Debtors

2024
£

2023
£

Trade debtors

84,431

47,258

Prepayments

5,500

15,551

89,931

62,809

 

STR8 Six Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

28,302

24,157

Taxation and social security

99,726

26,649

Accruals and deferred income

4,360

4,361

Other creditors

50,848

52,317

183,236

107,484

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000