Stratus Technology Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 03301097 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2022

for

Stratus Technology Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr A W Wayne

REGISTERED OFFICE:

Harmile House

54 St Mary's Lane

Upminster

Essex

RM14 2QT

REGISTERED NUMBER:

03301097 (England and Wales)

FIXED ASSETS

Tangible assets

4

16,300

8,531

CURRENT ASSETS

Debtors

5

6,323

-

Cash at bank

36,319

39,116

42,642

39,116

CREDITORS

Amounts falling due within one year

6

75,612

78,345

NET CURRENT LIABILITIES

(32,970

)

(39,229

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,670

)

(30,698

)

PROVISIONS FOR LIABILITIES

4,024

1,574

NET LIABILITIES

(20,694

)

(32,272

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(20,794

)

(32,372

)

SHAREHOLDERS' FUNDS

(20,694

)

(32,272

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 8 August 2023 and were signed by:

Dr A W Wayne - Director

1.	STATUTORY INFORMATION

Stratus Technology 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.	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 company is dependent upon the support of its director who has made loans to meet the company's working capital requirements. The director has considered a period of less than one year from the date of the approval of the financial statements in making their assessment of going concern . However the director considers that it is appropriate to prepare the financial statements on the going concern basis and the financial statements do not therefore include any adjustment that would result if this basis of preparation was no longer applicable.

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.

Plant and machinery - 25% on reducing balance

Computer equipment - 33% on reducing balance

Fixtures and Fittings - 25% 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 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2021

25,250

Additions

11,190

At 30 November 2022

36,440

DEPRECIATION

At 1 December 2021

16,719

Charge for year

3,421

At 30 November 2022

20,140

NET BOOK VALUE

At 30 November 2022

16,300

At 30 November 2021

8,531

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Trade debtors

4,903

-

Other debtors

1,420

-

6,323

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Taxation and social security

646

3,540

Other creditors

74,966

74,805

75,612

78,345

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.22

30.11.21

value:

£

£

100

Ordinary

£1

100

100