Strawman Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03825903 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

STRAWMAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs T Normanton

Mrs S L Harding

SECRETARY:

Mrs T Normanton

REGISTERED OFFICE:

Winnington House

Woodberry Grove

London

N12 0DR

REGISTERED NUMBER:

03825903 (England and Wales)

ACCOUNTANTS:

Aries Accountants Limited

11 Boundary Business Park

Wheatley Road

Garsington

Oxford

Oxfordshire

OX44 9EJ

FIXED ASSETS

Intangible assets

4

3,066

1,815

Tangible assets

5

-

72

3,066

1,887

CURRENT ASSETS

Debtors

6

8,000

6,000

Cash at bank

19,181

21,105

27,181

27,105

CREDITORS

Amounts falling due within one year

7

9,252

9,110

NET CURRENT ASSETS

17,929

17,995

TOTAL ASSETS LESS CURRENT LIABILITIES

20,995

19,882

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

20,993

19,880

SHAREHOLDERS' FUNDS

20,995

19,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 6 March 2018 and were signed on its behalf by:

Mrs T Normanton - Director

1.	STATUTORY INFORMATION

Strawman 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible assets

Intangible assets are held at cost less amortisation. Amortisation is calculated so as to write off the cost of an

asset, less its estimated residual value, over the useful economic life of that asset as follows:

Intangible assets - 10% or 20% on cost

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

-

33% on cost

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 September 2016

4,255

Additions

1,690

At 31 August 2017

5,945

AMORTISATION

At 1 September 2016

2,440

Amortisation for year

439

At 31 August 2017

2,879

NET BOOK VALUE

At 31 August 2017

3,066

At 31 August 2016

1,815

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2016

and 31 August 2017

2,139

1,889

4,028

DEPRECIATION

At 1 September 2016

2,139

1,817

3,956

Charge for year

-

72

72

At 31 August 2017

2,139

1,889

4,028

NET BOOK VALUE

At 31 August 2017

-

-

-

At 31 August 2016

-

72

72

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

8,000

6,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Tax

8,700

8,585

Accrued expenses

552

525

9,252

9,110

8.	RELATED PARTY DISCLOSURES

During the year the company paid dividends on the issued ordinary share capital to the directors amounting to

£36,000 (2016 - £24,000).

During the current and preceding year the company was under the joint control of the directors, S Harding and T

Normanton by virtue of their each holding 50% of the issued ordinary share capital.