Company Registration No. 03574225 (England and Wales)
STRATA TECHNOLOGY LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
STRATA TECHNOLOGY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
STRATA TECHNOLOGY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
824,554
771,047
Current assets
Stocks
147,705
101,072
Debtors
3
563,638
2,919,603
Cash at bank and in hand
315,585
239,915
1,026,928
3,260,590
Creditors: amounts falling due within one year
(294,711)
(2,360,399)
Net current assets
732,217
900,191
Total assets less current liabilities
1,556,771
1,671,238
Capital and reserves
Called up share capital
4
94,500
94,500
Other reserves
64,000
64,000
Profit and loss account
1,398,271
1,512,738
Shareholders'  funds
1,556,771
1,671,238
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 March 2017
Mr T Hesketh
Director
Company Registration No. 03574225
STRATA TECHNOLOGY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
The turnover shown in the profit and loss account represents amounts receivable for goods and services provided to customers during the year, exclusive of Value Added Tax.

Long-term contract balances are stated at net cost less foreseeable losses less any applicable payments on account.  The amount recordable as turnover in respect of long-term contracts is ascertained by reference to the value of the work carried out to date.  Attributable profit is recognised as the difference between recorded turnover and related costs.
1.4
Goodwill and Other Intangibles

The company is the owner of know how and technology relating to sales of products. An appropriate charge against income is made through the profit and loss account in equal instalments over its estimated useful life. The carrying value of goodwill and other intangibles will continue to be reviewed annually for impairment and adjusted to the recoverable amount where necessary.

1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
2% p.a. on cost of the Freehold property
Plant and machinery
25% on cost
Computer equipment
33% on cost
Fixtures, fittings & equipment
25% on cost
Motor vehicles
25% on cost
No depreciation is provided in respect of freehold land.
1.6
Stock and work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity.  Provision is made for any foreseeable losses where appropriate.  No element of profit is included in the valuation of work in progresss.
1.7
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.8
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
STRATA TECHNOLOGY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2015
5,000
1,395,957
1,400,957
Additions
-
124,081
124,081
At 30 September 2016
5,000
1,520,038
1,525,038
Depreciation
At 1 October 2015
5,000
624,909
629,909
Charge for the year
-
70,575
70,575
At 30 September 2016
5,000
695,484
700,484
Net book value
At 30 September 2016
-
824,554
824,554
At 30 September 2015
-
771,047
771,047
3
Debtors
Debtors include an amount of £8,489 (2015 - £-) which is due after more than one year.
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,779 Ordinary A shares of £1 each
1,779
1,779
92,721 Ordinary B shares of £1 each
92,721
92,721
94,500
94,500
5
Related Party Transactions
There were no transactions with related parties undertaken requiring disclosure under Financial Reporting Standards 8.

There is no overall control of the Company.
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