Registration number: 08258113

Strexor Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 11

Strexor Limited

Company Information

Director

Mr Scott Richard King

Registered office

42-46 Station Road Edgware Middlesex HA8 7AB

Auditors

Harris & Co (Accountants) Limited Chartered Accountants and Statutory Auditor2 Pavilion Court 600 Pavilion Drive Northampton Northamptonshire NN4 7SL

Strexor Limited

(Registration number: 08258113)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	29,096	70,172
Current assets
Stocks	5	-	1,753,187
Debtors	6	2,508,568	6,172,983
Cash at bank and in hand		65,736	54,504
		2,574,304	7,980,674
Creditors: Amounts falling due within one year	7	(1,617,121)	(6,169,344)
Net current assets		957,183	1,811,330
Total assets less current liabilities		986,279	1,881,502
Creditors: Amounts falling due after more than one year	7	(40,021)	(88,062)
Net assets		946,258	1,793,440
Capital and reserves
Called up share capital	8	100	100
Retained earnings		946,158	1,793,340
Shareholders' funds		946,258	1,793,440

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 September 2026
 

......................................... Mr Scott Richard King Director

Strexor Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
42-46 Station Road
Edgware
Middlesex
HA8 7AB
England

These financial statements were authorised for issue by the director on 10 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 10 September 2026 was Phillip Harris BA BFP FCA, who signed for and on behalf of Harris & Co (Accountants) Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Strexor Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	20% Straight line basis
Fixtures and fittings	20% Straight line basis
Officec equipment	20% Straight line basis
Motor Vehicles	20% Straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Strexor Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Strexor Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 17 (2024 - 22).

Strexor Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	257,726	22,698	280,424
At 31 December 2025	257,726	22,698	280,424
Depreciation
At 1 January 2025	194,743	15,510	210,253
Charge for the year	36,535	4,540	41,075
At 31 December 2025	231,278	20,050	251,328
Carrying amount
At 31 December 2025	26,448	2,648	29,096
At 31 December 2024	62,985	7,187	70,172

5

Stocks

	2025 £	2024 £
Other inventories	-	1,753,187

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		94,718	261,992
Amounts owed by related parties	11	1,891,869	-
Prepayments		50,290	12,669
Other debtors		456,617	2,868,317
Director 1 current account - S King		10,976	1,614,729
Director 2 current account - R Samson		4,098	1,415,276
		2,508,568	6,172,983

Strexor Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	9	27,274	43,281
Trade creditors		1,237,499	1,663,654
Taxation and social security		14,337	21,131
Other creditors		6,097	3,745,961
Accrued expenses		331,914	52,851
Corporation tax payable		-	317,466
Directors current account		-	325,000
		1,617,121	6,169,344
Due after one year
Loans and borrowings	9	40,021	88,062

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A Shares of £1 each	50	50	50	50
Ordinary B Shares of £1 each	49	49	49	49
Ordinary C Shares of £1 each	1	1	1	1
	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	40,021	88,062

Current loans and borrowings

Strexor Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

	2025 £	2024 £
Bank overdrafts	27,274	43,281

10	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	90,000	97,500
Later than one year and not later than five years	172,500	262,500
	262,500	360,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £69,000 (2024 - £112,500).

11	Related party transactions

Transactions with the director

2025	At 1 January 2025 £	Repayments by director £	At 31 December 2025 £
Mr Richard Michael Samson
Directors current account	(1,415,276)	1,411,178	(4,098)
Mr Scott Richard King
Directors current account	(1,614,729)	1,603,753	(10,976)

2024	At 1 January 2024 £	Advances to director £	At 31 December 2024 £
Mr Richard Michael Samson
Directors current account	273	(1,415,549)	(1,415,276)
Mr Scott Richard King
Directors current account	135,140	(1,749,869)	(1,614,729)

Strexor Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	12,134	18,200
Contributions paid to money purchase schemes	114	186
	12,248	18,386

Summary of transactions with all entities with joint control or significant interest

Aerospace Reliance Ltd
During the period unsecured loans of £3,620,954 were repaid from Aerospace Reliance Ltd, a company which is controlled by one of the directors. As at the balance sheet date the amount owed to Aerospace Reliance Ltd was £Nil (2024: £3,620,954). These have been disclosed in other creditors.

Harrow Rd Ltd
During the period unsecured loans of £5,906 were repaid from Harrow Rd Ltd, a company which is controlled by the directors. As at the balance sheet date the amount owed from Harrow Rd Ltd was £1,176 (2024: £7,082).These have been disclosed in other debtors.

Rsandsb18 Ltd
During the period unsecured loans of £104,295.85 were repaid from Rsandsb18 Ltd, a company which is controlled by one of the directors. As at the balance sheet date the amount owed from Rsandsb18 Ltd was £462 (2024: £104,758). These have been disclosed in other debtors.

23 Reliant Ltd
During the period unsecured loans of £6,949 were repaid from 23 Reliant Ltd, a company which is controlled by one of the directors. As at the balance sheet date the amount owed from 23 Reliant Ltd was £Nil (2024: £6,949).These have been disclosed in other debtors.

Invest in time Ltd
During the period unsecured loans of £1,886,138 were repaid from Invest in time Ltd, a company which is controlled by the directors. As at the balance sheet date the amount owed from Invest in time Ltd was £Nil (2024:£1,886,138). These have been disclosed in other debttors.

SK Wholesale Vaping Ltd
During the period unsecured loans of £1,844,619 were made to SK Wholesale Vaping Ltd, a company which is controlled by one of the directors. As at the balance sheet date the amount owed from SK Wholesale Vaping Ltd was £1,844,619 (2024:£Nil). These have been disclosed in other debtors.

Strexor Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

Ultimate Controlling Party

The company has Ordinary A, Ordinary B and Ordinary C share classes, the rights attaching to which are set out in the Articles of Association.

The voting rights of the company are shared equally between the shareholders. As no individual shareholder is able to exercise control over the company unilaterally, the directors consider that there is no ultimate controlling party.

12	Non adjusting events after the financial period

The directors have reviewed events occurring between the balance sheet date and the date of approval of these financial statements. On 29 April 2026, Mr Richard Michael Samson resigned as a director of the company. The directors do not consider that this resignation has had a material impact on the operations or financial position of the company. No other material events requiring disclosure have occurred between the balance sheet date and the date of approval of these financial statements.