Registration number:
Strajex Technologies Limited
(formerly
for the Year Ended 31 December 2022
Strajex Technologies Limited
(formerly
Contents
Company Information |
|
Directors' Report |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Strajex Technologies Limited
(formerly
Company Information
Directors |
Mr J A Brown Mr PA Brown |
Registered office |
|
Accountants |
|
Strajex Technologies Limited
(formerly
Directors' Report for the Year Ended 31 December 2022
The directors present their report and the financial statements for the year ended 31 December 2022.
Change of company name
The company changed its name from
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is that of a software development and licensing company.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Mr J A Brown
Director
Strajex Technologies Limited
(formerly
(Registration number: 12712659)
Balance Sheet as at 31 December 2022
Note |
2022 |
2021 |
|
Fixed assets |
|||
Tangible assets |
|
- |
|
Investments |
|
|
|
|
|
||
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
1 |
1 |
|
Retained earnings |
334,457 |
1,345,751 |
|
Shareholders' funds |
334,458 |
1,345,752 |
For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Strajex Technologies Limited
(formerly
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Strajex Technologies Limited
(formerly
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Computer equipment |
3 years straight line |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors 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.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Strajex Technologies Limited
(formerly
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Financial instruments
Staff numbers |
The average number of persons employed by the company during the year, was
Profit before tax |
Arrived at after charging/(crediting)
2022 |
2021 |
|
Depreciation expense |
|
- |
Income from shares in group undertakings |
(1,050,000) |
(6,143,439) |
Tangible assets |
Furniture, fittings and equipment |
Total |
|
Cost or valuation |
||
Additions |
|
|
At 31 December 2022 |
|
|
Depreciation |
||
Charge for the year |
|
|
At 31 December 2022 |
|
|
Carrying amount |
||
At 31 December 2022 |
|
|
Strajex Technologies Limited
(formerly
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022
Investments |
2022 |
2021 |
|
Investments in subsidiaries |
|
|
Subsidiaries |
£ |
Cost or valuation |
|
At 1 January 2022 |
|
Revaluation |
( |
Cost adjustment |
( |
At 31 December 2022 |
|
Provision |
|
Carrying amount |
|
At 31 December 2022 |
|
At 31 December 2021 |
|
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
2022 |
2021 |
|||
Subsidiary undertakings |
||||
|
8 The Courtyard
England and Wales |
|
|
|
Subsidiary undertakings |
Dyball Holdings Ltd The principal activity of Dyball Holdings Ltd is |
Strajex Technologies Limited
(formerly
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022
Debtors |
Note |
2022 |
2021 |
|
Amounts owed by parent undertakings |
- |
|
|
Other debtors |
|
- |
|
|
|
Creditors |
Creditors: amounts falling due within one year
Note |
2022 |
2021 |
|
Due within one year |
|||
Trade creditors |
|
- |
|
Taxation and social security |
- |
|
|
Other creditors |
|
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
|||
No. |
£ |
No. |
£ |
|
|
|
1 |
|
1 |
Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:
Retained earnings |
Total |
|
Surplus/deficit on property, plant and equipment revaluation |
( |
( |
|
The changes to each component of equity resulting from items of other comprehensive income for the prior period were as follows:
Retained earnings |
Total |
|
Surplus/deficit on property, plant and equipment revaluation |
( |
( |
|
Strajex Technologies Limited
(formerly
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022
Related party transactions |
Summary of transactions with parent
0001AG Limited (Was Avro Group Limited)
During the period the company advanced funds totalling £120 (2021: £5,450) to and received £Nil (2021: £Nil) from 0001AG Limited (Was Avro Group Limited), the parent company. At the end of the period the balance was £Nil as the company went into liquidation during the year and the balance of £5,570 was written of as unrecoverable (2021: £5,450 was outstanding in relation to this balance). The loan is interest free and has no set repayment terms.
Loans from related parties
Avro Energy Limited
During the year the company advanced funds totalling £47,520 (2021: £Nil) to and received £47,520 (2021: £294) from Avro Energy Limited, a company with common directors. At the end of the year £Nil (2021: -£294) was outstanding in relation to this balance as the company went into liquidation during the year, therefore a balance of -£294 was written off.
Commotex Limited
During the year the company advanced funds totalling £739 (2021: £Nil) to and received £Nil (2021: £Nil) from Commotex Limited, a company with common directors. At the end of the year £739 (2021: £Nil) was outstanding in relation to this balance.
Terax Commodities
During the year the company advanced funds totalling £240 (2021: £Nil) to and received £Nil (2021: £Nil) from Terax Commodities Limited, a company with common directors. At the end of the year £240 (2021: £Nil) was outstanding in relation to this balance.