Stratech Scientific Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01690218 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

STRATECH SCIENTIFIC LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Susan Caroline Hallett

Ian James Nicholls

Sharon Elizabeth Young

SECRETARIES:

Ian James Nicholls

Linda Dixon

REGISTERED OFFICE:

Cambridge House

St Thomas' Place

Cambridgeshire Business Park

Ely

CB7 4EX

REGISTERED NUMBER:

01690218 (England and Wales)

ACCOUNTANTS:

Tayabali & White

Chartered Accountants

5 High Green

Great Shelford

Cambridge

CB22 5EG

FIXED ASSETS

Tangible assets

5

3,590

23,409

CURRENT ASSETS

Stocks

57,686

35,260

Debtors

752,539

859,507

Cash at bank and in hand

1,177,834

877,833

1,988,059

1,772,600

CREDITORS

Amounts falling due within one year

763,356

712,071

NET CURRENT ASSETS

1,224,703

1,060,529

TOTAL ASSETS LESS CURRENT LIABILITIES

1,228,293

1,083,938

CREDITORS

Amounts falling due after more than one year

-

29,660

NET ASSETS

1,228,293

1,054,278

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Capital redemption reserve

5,000

5,000

Retained earnings

1,218,293

1,044,278

SHAREHOLDERS' FUNDS

1,228,293

1,054,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Balance Sheet for the year ended 31st December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th June 2022 and were signed on its behalf by:

Sharon Elizabeth Young - Director

1.	STATUTORY INFORMATION

Stratech Scientific 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The presentation currency is £ sterling.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

33% on reducing balance

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments

The company accounts for gains and losses on forward contracts by translating the value at the forward rate on the Balance Sheet sheet date compared to the contracted rate at completion.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2020 - 22 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2021

134,772

Disposals

(76,177

)

At 31st December 2021

58,595

DEPRECIATION

At 1st January 2021

111,363

Charge for year

12,065

Eliminated on disposal

(68,423

)

At 31st December 2021

55,005

NET BOOK VALUE

At 31st December 2021

3,590

At 31st December 2020

23,409

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2021

2020

£

£

Net obligations repayable:

Within one year

-

9,238

Between one and five years

-

29,660

-

38,898

Non-cancellable operating

leases

2021

2020

£

£

Within one year

109,146

81,663

Between one and five years

322,017

297,965

In more than five years

36,250

108,750

467,413

488,378

7.	SECURED DEBTS

Hire purchase contracts are secured against the assets concerned.

8.	RELATED PARTY DISCLOSURES

There are no related party disclosures in respect of Stratech Scientific Limited.

9.	ULTIMATE CONTROLLING PARTY

Mrs S C Hallett, a director and shareholder, is the ultimate controlling party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stratech Scientific Limited for the year ended 31st December 2021 which comprise the Abridged Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Stratech Scientific Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stratech Scientific Limited and state those matters that we have agreed to state to the Board of Directors of Stratech Scientific Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stratech Scientific Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stratech Scientific Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stratech Scientific Limited. You consider that Stratech Scientific Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stratech Scientific Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tayabali & White

Chartered Accountants

5 High Green

Great Shelford

Cambridge

CB22 5EG

13th June 2022