| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
1,806 |
|
|
863 |
| Current assets |
|
73,387 |
|
|
69,946 |
|
| Creditors: amount falling due within one year |
|
(73,699) |
|
|
(60,520) |
|
|
Net current assets
|
|
|
(312)
|
|
|
9,426
|
|
Total assets less current liabilities
|
|
|
1,494 |
|
|
10,289 |
|
Net assets
|
|
|
1,494 |
|
|
10,289 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
1,494 |
|
|
10,289 |
| |
NOTES TO THE ACCOUNTS
General Information
Steven Struthers Ltd is a private company, limited by shares, registered in England and Wales, registration number 07795311, registration address Unit 2, 7c High Street, Barnet, Hertfordshire, London, EN5 5UE.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
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. Turnover isreduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
20 Reducing Balance
|
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Computer Equipment |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
6,845 |
|
6,845 |
| Additions |
1,149 |
|
1,149 |
| Disposals |
- |
|
- |
| At 31 March 2025 |
7,994 |
|
7,994 |
| Depreciation |
| At 01 April 2024 |
5,982 |
|
5,982 |
| Charge for year |
206 |
|
206 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
6,188 |
|
6,188 |
| Net book values |
| Closing balance as at 31 March 2025 |
1,806 |
|
1,806 |
| Opening balance as at 01 April 2024 |
863 |
|
863 |
|
| 3. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
For the year ended 31 March 2025 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 31 October 2025 and were signed by: --------------------------------
Steven Struthers
Director |
1
|