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Strom Brothers Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
D & K Accountancy Services
Solar House
915 High Road
London
N12 8QJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07060759
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,981 1,981
1,981 1,981
CURRENT ASSETS
Debtors 5 163,867 163,867
Cash at bank and in hand 19,927 19,927
183,794 183,794
Creditors: Amounts Falling Due Within One Year 6 (117,217 ) (117,217 )
NET CURRENT ASSETS (LIABILITIES) 66,577 66,577
TOTAL ASSETS LESS CURRENT LIABILITIES 68,558 68,558
Creditors: Amounts Falling Due After More Than One Year 7 (39,167 ) (39,167 )
NET ASSETS 29,391 29,391
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 29,390 29,390
SHAREHOLDERS' FUNDS 29,391 29,391
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alex Strom
Director
31/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Strom Brothers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07060759 . The registered office is Alexander House, 1117E Finchley Road, London, NW11 0QB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 3,032 8,103 11,135
As at 31 December 2024 3,032 8,103 11,135
Depreciation
As at 1 January 2024 2,493 6,661 9,154
As at 31 December 2024 2,493 6,661 9,154
Net Book Value
As at 31 December 2024 539 1,442 1,981
As at 1 January 2024 539 1,442 1,981
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 163,513 163,513
Prepayments and accrued income 354 354
163,867 163,867
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,516 13,516
Bank loans and overdrafts 10,000 10,000
Corporation tax 2,525 2,525
VAT 13,789 13,789
Factoring creditor 49,036 49,036
Other creditors (2) 25,141 25,141
Accruals and deferred income 2,800 2,800
Director's loan account 410 410
117,217 117,217
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 39,167 39,167
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4