Strategic Dimensions (UK) Limited - Accounts to registrar (filleted) - small 23.2.5
Strategic Dimensions (UK) Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Strategic Dimensions (UK) Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2023 |
| Strategic Dimensions (UK) Limited (Registered number: 03161591) |
| Contents of the Financial Statements |
| for the year ended 31 October 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Strategic Dimensions (UK) Limited |
| Company Information |
| for the year ended 31 October 2023 |
| Directors: |
| Registered office: |
| Registered number: |
| Strategic Dimensions (UK) Limited (Registered number: 03161591) |
| Balance Sheet |
| 31 October 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| Current assets |
| Debtors | 4 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 5 |
| Net current assets |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 6 |
| Retained earnings | 7 |
| Shareholders' funds |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Strategic Dimensions (UK) Limited (Registered number: 03161591) |
| Notes to the Financial Statements |
| for the year ended 31 October 2023 |
| 1. | Statutory information |
| Strategic Dimensions (UK) Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical judgements in applying the Company's accounting policies. |
| (i) Assessing indicators and impairment |
| In assessing whether there have been any indicators or impairment of assets, the directors have considered external and internal sources of information such as market conditions, counterparty credit ratings and experience or recoverability. |
| There have been no indicators or impairments identified during the current financial year. |
| Key sources of estimation uncertainty |
| The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities with the net financial year are addressed below. |
| (i) Recoverability of receivables |
| The Company establishes a provision for receivables that are estimated not to be recoverable. When assessing recoverability the directors consider factors such as the aging of the receivables, past experience and recoverability, and the credit profile of individual or groups of customers. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Turnover represents amounts receivable for services provided in the year and is stated net of VAT. |
| Financial instruments |
| Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, loans and borrowings. The Company has chosen to apply the provisions of Section 11 Basic Financial Instruments. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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. |
| Strategic Dimensions (UK) Limited (Registered number: 03161591) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2023 |
| 2. | Accounting policies - continued |
| Financial assets / liabilities - classified as basic financial instruments |
| (i) Cash and cash equivalents |
| This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original |
| maturities of three months or less. |
| (ii) Trade and other receivables |
| Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. |
| Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be |
| received, net of any impairment. At the end of each reporting period, the Company assesses whether there is objective evidence that a receivable amount may be impaired. |
| A provision for impairment 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. |
| (iii) Trade and other payables and loans and borrowings |
| Trade and other payables and loans and borrowings are initially measured at the transaction price, including any |
| transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective |
| interest method. |
| 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. |
| Going concern |
| These financial statements have been prepared on a going concern basis. |
| The current economic conditions present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis. |
| Based on assessment, the directors consider that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities. In addition, the Company's assets are assessed for recoverability on a regular basis, and the directors consider that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis. |
| The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the directors have continued to adopt the going concern basis of accounting in preparing these financial statements. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Debtors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Strategic Dimensions (UK) Limited (Registered number: 03161591) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2023 |
| 5. | Creditors: amounts falling due within one year |
| 2023 | 2022 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 7. | Reserves |
| Retained |
| earnings |
| £ |
| At 1 November 2022 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 October 2023 |