Strategy Cards Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC550630 (Scotland)

Strategy Cards Limited

Financial Statements For The Year Ended 30 November 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Ms S Frame-O'Hare

REGISTERED OFFICE:

20 Mason Haugh Road

Burghead

Elgin

Moray

IV30 5ZE

REGISTERED NUMBER:

SC550630 (Scotland)

ACCOUNTANTS:

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

FIXED ASSETS

Tangible assets

4

1,112

124

CURRENT ASSETS

Debtors

5

784

2,249

Cash at bank

1,596

201

2,380

2,450

CREDITORS

Amounts falling due within one year

6

10,926

13,339

NET CURRENT LIABILITIES

(8,546

)

(10,889

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,434

)

(10,765

)

PROVISIONS FOR LIABILITIES

7

211

24

NET LIABILITIES

(7,645

)

(10,789

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

(7,646

)

(10,790

)

SHAREHOLDERS' FUNDS

(7,645

)

(10,789

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2022 and were signed by:

Ms S Frame-O'Hare - Director

1.	STATUTORY INFORMATION

Strategy Cards Limited is a private company, limited by shares , registered in Scotland. 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

The accounts have been prepared on the going concern basis because the director has agreed not to seek repayment of her loan of £10,007 included in other creditors until all third party creditors have been paid.

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.

Equipment

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 December 2020

260

Additions

1,192

At 30 November 2021

1,452

DEPRECIATION

At 1 December 2020

136

Charge for year

204

At 30 November 2021

340

NET BOOK VALUE

At 30 November 2021

1,112

At 30 November 2020

124

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Trade debtors

784

2,249

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Other creditors

10,926

13,339

7.	PROVISIONS FOR LIABILITIES

30.11.21

30.11.20

£

£

Deferred tax

211

24

Deferred

tax

£

Balance at 1 December 2020

24

Provided during year

187

Balance at 30 November 2021

211

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.21

30.11.20

value:

£

£

10,000

Ordinary

£0.0001

1

1

9.

RESERVES

Retained

earnings

£

At 1 December 2020

(10,790

)

Profit for the year

3,144

At 30 November 2021

(7,646

)

10.	RELATED PARTY DISCLOSURES

S Frame-O`Hare

is a director in the company

An interest free directors loan has been given to the company from the director . No repayment terms have been agreed.

30.11.21

30.11.20

£

£

Amount due to related party at the balance sheet date

10,007

11,353

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of Ms S Frame-O`Hare.

The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director 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 Strategy Cards Limited for the year ended 30 November 2021 which comprise the Income Statement, Balance Sheet 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 director of Strategy Cards Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Strategy Cards Limited and state those matters that we have agreed to state to the director of Strategy Cards Limited 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 Strategy Cards Limited and its director for our work or for this report.

It is your duty to ensure that Strategy Cards 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 Strategy Cards Limited. You consider that Strategy Cards 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 Strategy Cards 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.

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

22 April 2022