G Strothers Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08047020 (England and Wales)

Financial Statements

for the Year Ended 30 April 2023

for

G Strothers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Strothers

REGISTERED OFFICE:

5 Kiln Hill Close

Chadderton

Oldham

OL1 2RF

REGISTERED NUMBER:

08047020 (England and Wales)

ACCOUNTANTS:

Archwood Accountants

Archwood House

46-48 Long Street

Middleton

Manchester

M24 6UQ

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

2,975

3,500

2,975

3,500

CURRENT ASSETS

Inventories

6

7,500

6,250

Debtors

7

30,176

27,395

Cash at bank

1,170

5,944

38,846

39,589

CREDITORS

Amounts falling due within one year

8

31,268

20,829

NET CURRENT ASSETS

7,578

18,760

TOTAL ASSETS LESS CURRENT LIABILITIES

10,553

22,260

CREDITORS

Amounts falling due after more than one year

9

(9,101

)

(13,192

)

PROVISIONS FOR LIABILITIES

(565

)

(665

)

NET ASSETS

887

8,403

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

787

8,303

SHAREHOLDERS' FUNDS

887

8,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 15 January 2024 and were signed by:

G Strothers - Director

1.	STATUTORY INFORMATION

G Strothers 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2022

and 30 April 2023

10,000

AMORTISATION

At 1 May 2022

and 30 April 2023

10,000

NET BOOK VALUE

At 30 April 2023

-

At 30 April 2022

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

COST

At 1 May 2022

and 30 April 2023

5,000

DEPRECIATION

At 1 May 2022

1,500

Charge for year

525

At 30 April 2023

2,025

NET BOOK VALUE

At 30 April 2023

2,975

At 30 April 2022

3,500

6.	INVENTORIES

30.4.23

30.4.22

£

£

Stocks

7,500

6,250

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

10,000

-

Other debtors

9,133

5,131

Directors' current accounts

11,043

22,264

30,176

27,395

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans and overdrafts

4,383

2,917

Trade creditors

2,531

3,979

Tax

11,280

12,667

Social security and other taxes

587

-

VAT

11,432

-

Accrued expenses

1,055

1,266

31,268

20,829

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans - 1-2 years

4,494

2,917

Bank loans - 2-5 years

4,607

10,275

9,101

13,192

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23

30.4.22

£

£

G Strothers

Balance outstanding at start of year

22,264

7,061

Amounts advanced

-

31,886

Amounts repaid

(11,221

)

(16,683

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,043

22,264