Strudel London Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09943984 (England and Wales)

Strudel London Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2020

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr R C McKenna

Mr R B Moyne

Mr P Jones

SECRETARY:

Mr R B Moyne

REGISTERED OFFICE:

19 Short Street

London

SE1 8LJ

REGISTERED NUMBER:

09943984 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Abridged Statement of Comprehensive

Income and certain other primary statements and the Report of the Directors 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 Strudel London Limited for the year ended 31 March 2020 which comprise the Abridged

Statement of Income and Retained Earnings, Statement of Financial Position 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 Board of Directors of Strudel London Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Strudel London Limited and state those matters that we have agreed to state to the Board of Directors of Strudel London Limited, as a body, 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 Strudel London Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Strudel London 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 Strudel London Limited. You consider that Strudel London 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 Strudel London 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.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

14 August 2020

FIXED ASSETS

Property, plant and equipment

4

1,151

1,562

CURRENT ASSETS

Debtors

5

19,598

126,973

Cash at bank and in hand

119,487

69,470

139,085

196,443

CREDITORS

Amounts falling due within one year

6

28,590

77,314

NET CURRENT ASSETS

110,495

119,129

TOTAL ASSETS LESS CURRENT LIABILITIES

111,646

120,691

PROVISIONS FOR LIABILITIES

7

219

297

NET ASSETS

111,427

120,394

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

111,327

120,294

SHAREHOLDERS' FUNDS

111,427

120,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2020 and were signed on its behalf by:

Mr R C McKenna - Director

Mr R B Moyne - Director

Mr P Jones - Director

1.	STATUTORY INFORMATION

Strudel London 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

20% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 5 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2019

and 31 March 2020

405

1,649

2,054

DEPRECIATION

At 1 April 2019

162

330

492

Charge for year

81

330

411

At 31 March 2020

243

660

903

NET BOOK VALUE

At 31 March 2020

162

989

1,151

At 31 March 2019

243

1,319

1,562

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

16,638

124,665

Other debtors

2,960

2,308

19,598

126,973

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

275

495

Trade creditors

1,818

3,044

Taxation and social security

21,779

68,830

Other creditors

4,718

4,945

28,590

77,314

7.	PROVISIONS FOR LIABILITIES

2020

2019

£

£

Deferred tax

219

297

Deferred

tax

£

Balance at 1 April 2019

297

Credit to Statement of Income and Retained Earnings during year

(78

)

Balance at 31 March 2020

219

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2019

120,294

Profit for the year

11,033

Dividends

(20,000

)

At 31 March 2020

111,327

10.	RELATED PARTY DISCLOSURES

1.During the year, company sold services amounting to £12,168 to Inclusive Employers Ltd, a company in

which director Mr R C McKenna has a controlling interest. At balance sheet date, amount of £288 due from

related party to the company.

2.During the year, company purchased services amounting to £38,867.55 from Strudel Design Ltd, a company

in which Mr R C McKenna has a controlling interest. At balance sheet date, nil balance owed to related party

by the company.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R C McKenna.