Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Strait Logics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Shingadia

Mrs D Shingadia

REGISTERED OFFICE:

146 High Street

Billericay

Essex

CM12 9DF

REGISTERED NUMBER:

03304543 (England and Wales)

ACCOUNTANTS:

Michael Letch & Partners LLP

Accountants and Statutory Auditors

146 High Street

Billericay

Essex

CM12 9DF

FIXED ASSETS

Tangible assets

4

21,509

26,846

Investments

5

7,500

7,500

29,009

34,346

CURRENT ASSETS

Debtors

6

364,153

433,156

Cash at bank and in hand

698,367

460,484

1,062,520

893,640

CREDITORS

Amounts falling due within one year

7

49,539

61,982

NET CURRENT ASSETS

1,012,981

831,658

TOTAL ASSETS LESS CURRENT LIABILITIES

1,041,990

866,004

CREDITORS

Amounts falling due after more than one year

8

1,545

10,639

NET ASSETS

1,040,445

855,365

CAPITAL AND RESERVES

Called up share capital

98

98

Retained earnings

1,040,347

855,267

SHAREHOLDERS' FUNDS

1,040,445

855,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

Mrs D Shingadia - Director

1.	STATUTORY INFORMATION

Strait Logics 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

Going concern

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.

After making enquires, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors continue to adopt the going concern basis in preparing the financial statements.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

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

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 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2024

6,000

94,097

1,596

Additions

-

-

-

At 31 January 2025

6,000

94,097

1,596

DEPRECIATION

At 1 February 2024

6,000

92,913

1,417

Charge for year

-

296

45

At 31 January 2025

6,000

93,209

1,462

NET BOOK VALUE

At 31 January 2025

-

888

134

At 31 January 2024

-

1,184

179

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

44,090

36,856

182,639

Additions

-

2,830

2,830

At 31 January 2025

44,090

39,686

185,469

DEPRECIATION

At 1 February 2024

19,290

36,173

155,793

Charge for year

6,200

1,626

8,167

At 31 January 2025

25,490

37,799

163,960

NET BOOK VALUE

At 31 January 2025

18,600

1,887

21,509

At 31 January 2024

24,800

683

26,846

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2024

and 31 January 2025

7,500

NET BOOK VALUE

At 31 January 2025

7,500

At 31 January 2024

7,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

20,979

33,490

Loan to subsidiary

11,225

33,136

Directors' current accounts

235,065

269,075

Tax

90,478

90,478

Prepayments

6,406

6,977

364,153

433,156

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

9,094

8,686

Trade creditors

3,830

9,653

Tax

-

25,833

Social security and other taxes

27,649

4,881

Other creditors

5,166

9,129

Accrued expenses

3,800

3,800

49,539

61,982

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

1,545

10,639