REGISTERED NUMBER: 08257141 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Stripe OLT Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Dale

A M Y Eley

T A Robbins

A Fergusson

R Pullen

REGISTERED OFFICE:

18 Hotwell Road

Hotwells

Bristol

BS8 4UD

REGISTERED NUMBER:

08257141 (England and Wales)

ACCOUNTANTS:

Northcott Accountancy Limited

Chartered Accountants

134 Johnson Road

Bristol

BS16 7JP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,622

19,522

8,622

19,522

CURRENT ASSETS

Stocks

6

-

1,394

Debtors

7

916,876

956,439

Cash at bank and in hand

1,016,448

626,847

1,933,324

1,584,680

CREDITORS

Amounts falling due within one year

8

(1,016,606

)

(922,207

)

NET CURRENT ASSETS

916,718

662,473

TOTAL ASSETS LESS CURRENT LIABILITIES

925,340

681,995

CREDITORS

Amounts falling due after more than one year

9

(6,818

)

(34,091

)

PROVISIONS FOR LIABILITIES

(1,827

)

(4,480

)

NET ASSETS

916,695

643,424

CAPITAL AND RESERVES

Called up share capital

12

120

120

Capital redemption reserve

80

80

Retained earnings

916,495

643,224

916,695

643,424

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

M P Dale - Director

1.	STATUTORY INFORMATION

Stripe OLT Consulting Ltd 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

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The principle accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

The preparation of financial statements requires the directors to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of turnover and expenses during the reporting period

The directors bases the estimates and judgements on historical experience and on various other factors that are believed to be reasonable under the circumstances. The directors considers that in respect of these financial statements, judgements relating to the valuation of the trade debtors recoverability to be the most significant

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Ongoing IT support income is recognised as the contractual activity progresses to reflect the company's performance of it's contractual obligations.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection of the following businesses, is being amortised evenly over the estimated useful economic life as set out below:

Stripe Consulting Limited £40,861 - 5 years

OLT Consulting Limited £80,000 - 5 years

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

straight line over 3 years

Furniture, fixtures & fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are dereognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the assets has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditor and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when and only when the company's contractual obligations are discharged, cancelled or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 58 (2024 - 66 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

120,861

AMORTISATION

At 1 April 2024

and 31 March 2025

120,861

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Furniture,

to

fixtures

Computer

property

& fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

53,977

46,100

142,616

242,693

Additions

-

-

2,623

2,623

At 31 March 2025

53,977

46,100

145,239

245,316

DEPRECIATION

At 1 April 2024

53,977

39,815

129,379

223,171

Charge for year

-

1,570

11,953

13,523

At 31 March 2025

53,977

41,385

141,332

236,694

NET BOOK VALUE

At 31 March 2025

-

4,715

3,907

8,622

At 31 March 2024

-

6,285

13,237

19,522

6.

STOCKS

2025

2024

£

£

Stocks

-

1,394

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

834,641

872,258

Other debtors

9,659

10,818

Directors' current accounts

17,454

-

Prepayments and accrued income

55,122

73,363

916,876

956,439

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 10)

27,273

27,273

Trade creditors

348,596

383,185

Tax

124,993

53,583

Social security and other taxes

86,156

90,498

VAT

301,199

259,411

Other creditors

61,715

54,647

Accruals and deferred income

66,674

53,610

1,016,606

922,207

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

6,818

34,091

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

27,273

27,273

Amounts falling due between one and two years:

Bank loans - 1-2 years

6,818

27,273

2025

2024

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

6,818

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

34,091

61,364

The bank loan facility is secured by way of fixed and floating charges, covering all the property or undertaking of the company, in favour of the lender.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class

Nominal Value

2025

2024

610

B Ordinary

10p

61

61

366

C Ordinary

10p

37

37

14

D Ordinary

10p

1

2

10

E Ordinary

10p

1

1

10

F Ordinary

10p

1

1

146

G Ordinary

10p

15

16

24

H Ordinary

10p

2

2

10

J Ordinary

10p

1

-

10

K Ordinary

10p

1

-

During the previous financial year the company granted share options to qualifying directors and staff. A total of 119 share options were granted on the A Ordinary shares which vested immediately and can only be exercised in certain circumstances. The options will lapse if not exercised within 10 years of the grant, being August 2033.

13.	OTHER FINANCIAL COMMITMENTS

Total other financial commitments which are not included in the balance sheet amount to £98,570 (2024 £166,951).

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

T A Robbins

Balance outstanding at start of year

-

-

Amounts advanced

17,454

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,454

-

The loan attracts interest at the HMRC approved rate and is repayable on demand.