REGISTERED NUMBER: 01416748 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

STRETTLE OF NEWCASTLE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G S Strettle

SECRETARY:

Mrs S Strettle

REGISTERED OFFICE:

Mooredge Road

Shiremoor

Newcastle upon Tyne

NE27 0HU

REGISTERED NUMBER:

01416748 (England and Wales)

ACCOUNTANTS:

BK Plus Limited

Chartered Certified Accountants

13 Windsor Terrace

Jesmond

Newcastle upon Tyne

NE2 4HE

BANKERS:

Barclays Bank Plc

3 Northumberland Square

North Shields

Tyne and Wear

NE30 1QX

FIXED ASSETS

Tangible assets

4

131,733

150,695

CURRENT ASSETS

Stocks

161,256

141,488

Debtors

5

4,725

5,474

Cash at bank

34,729

40,595

200,710

187,557

CREDITORS

Amounts falling due within one year

6

215,805

252,415

NET CURRENT LIABILITIES

(15,095

)

(64,858

)

TOTAL ASSETS LESS CURRENT LIABILITIES

116,638

85,837

CREDITORS

Amounts falling due after more than one year

7

7,500

17,500

NET ASSETS

109,138

68,337

CAPITAL AND RESERVES

Called up share capital

1,500

1,500

Revaluation reserve

10

29,550

29,550

Capital redemption reserve

1,500

1,500

Retained earnings

76,588

35,787

SHAREHOLDERS' FUNDS

109,138

68,337

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 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2025 and were signed by:

Mr G S Strettle - Director

1.	STATUTORY INFORMATION

Strettle Of Newcastle 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.

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 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 as modified by the revaluation of certain assets.

The company meets its day to day working capital requirements through an overdraft facility which is repayable on demand.

The nature of the company's business is such that there can be considerable unpredictable variations in the timing of cash inflows. On the basis of discussions with the company's bankers, the director considers that the company will continue to operate within the agreed facility. However the margin of facilities over requirements is not large and inherently there can be no certainty in relation to these matters.

On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the overdraft facility by the company's bankers.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax. Income is recognised on completion of the work.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Government grants

Government grants in respect of capital expenditure are treated as deferred credits, a proportion of which is transferred to revenue annually over the life of the asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 October 2023

42,000

325,639

367,639

Additions

-

2,422

2,422

At 30 September 2024

42,000

328,061

370,061

DEPRECIATION

At 1 October 2023

-

216,944

216,944

Charge for year

-

21,384

21,384

At 30 September 2024

-

238,328

238,328

NET BOOK VALUE

At 30 September 2024

42,000

89,733

131,733

At 30 September 2023

42,000

108,695

150,695

Cost or valuation at 30 September 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2009

29,550

-

29,550

Cost

12,450

328,061

340,511

42,000

328,061

370,061

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

12,450

12,450

Freehold land and buildings were valued on an existing use basis on 26 January 2010 by Rook Matthews Sayer, Chartered Surveyors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

4,276

Other debtors

4,725

1,198

4,725

5,474

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

3,750

4,366

Trade creditors

1,560

24,332

Taxation and social security

50,379

48,995

Other creditors

160,116

174,722

215,805

252,415

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

7,500

17,500

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

74,400

74,400

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

3,750

4,366

The bank loan and bank overdraft are secured by a general charge against the assets of the company.

10.

RESERVES

Revaluation

reserve

£

At 1 October 2023

and 30 September 2024

29,550