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STRUDLEY GROUP LIMITED

Registered Number
10784025
(England and Wales)

Unaudited Financial Statements for the Period ended
30 November 2024

STRUDLEY GROUP LIMITED
Company Information
for the period from 1 June 2024 to 30 November 2024

Directors

BANDLAMUDI, Lakshmi
RAYIPUDI, Ramakrishna

Registered Address

Subway
47 King Street
Stroud
GL5 3DA

Registered Number

10784025 (England and Wales)
STRUDLEY GROUP LIMITED
Balance Sheet as at
30 November 2024

Notes

30 Nov 2024

31 May 2024

£

£

£

£

Fixed assets
Intangible assets39,73111,677
Tangible assets456,71664,049
66,44775,726
Current assets
Stocks53,8793,636
Debtors628,14228,869
Cash at bank and on hand5,178-
37,19932,505
Creditors amounts falling due within one year7(45,020)(46,719)
Net current assets (liabilities)(7,821)(14,214)
Total assets less current liabilities58,62661,512
Creditors amounts falling due after one year8(41,995)(47,453)
Provisions for liabilities9(13,060)(14,078)
Net assets3,571(19)
Capital and reserves
Called up share capital100100
Profit and loss account3,471(119)
Shareholders' funds3,571(19)
The financial statements were approved and authorised for issue by the Board of Directors on 1 August 2025, and are signed on its behalf by:
BANDLAMUDI, Lakshmi
Director
RAYIPUDI, Ramakrishna
Director

Registered Company No. 10784025
STRUDLEY GROUP LIMITED
Notes to the Financial Statements
for the period ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible fixed assets are stated at cost or valuation less amortisation. Amortisation is provided on all intangible fixed assets as follows: Goodwill amortised @ 10 years. Patents & License amortised @ 10 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-25
Plant and machinery-25
Fixtures and fittings10-
Office Equipment10-
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242024
Average number of employees during the year99
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 June 2435,0003,92438,924
At 30 November 2435,0003,92438,924
Amortisation and impairment
At 01 June 2424,5002,74727,247
Charge for year1,7501961,946
At 30 November 2426,2502,94329,193
Net book value
At 30 November 248,7509819,731
At 31 May 2410,5001,17711,677
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 June 2414,78939,06894,8611,086149,804
Additions--757-757
At 30 November 2414,78939,06895,6181,086150,561
Depreciation and impairment
At 01 June 249,28319,68256,48031085,755
Charge for year1,2244,8831,944398,090
At 30 November 2410,50724,56558,42434993,845
Net book value
At 30 November 244,28214,50337,19473756,716
At 31 May 245,50619,38638,38177664,049
5.Stocks

2024

2024

££
Raw materials and consumables3,8793,636
Total3,8793,636
6.Debtors: amounts due within one year

2024

2024

££
Other debtors27,02427,457
Prepayments and accrued income1,1181,412
Total28,14228,869
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors: amounts due within one year

2024

2024

££
Trade creditors / trade payables10,73414,606
Bank borrowings and overdrafts15,68918,940
Taxation and social security15,5787,261
Other creditors3,0195,004
Accrued liabilities and deferred income-908
Total45,02046,719
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2024

££
Bank borrowings and overdrafts41,99547,453
Total41,99547,453
9.Provisions for liabilities

2024

2024

££
Net deferred tax liability (asset)13,06014,078
Total13,06014,078
10.Directors advances, credits and guarantees
Included in other debtors is an amount of £18,421 (31/05/2024: £27,457 Dr) relates to director's loan account Mr J Strudley.