Silverfin false 31/12/2021 31/12/2021 01/03/2021 Pauline Hanlon 18/02/2019 John Hanlon 18/02/2019 13 September 2022 The principal activity of the Company during the financial period was the distribution of plastic moulded and other products. 11830998 2021-12-31 11830998 bus:Director1 2021-12-31 11830998 bus:Director2 2021-12-31 11830998 core:CurrentFinancialInstruments 2021-12-31 11830998 core:CurrentFinancialInstruments 2021-02-28 11830998 2021-02-28 11830998 core:ShareCapital 2021-12-31 11830998 core:ShareCapital 2021-02-28 11830998 core:RetainedEarningsAccumulatedLosses 2021-12-31 11830998 core:RetainedEarningsAccumulatedLosses 2021-02-28 11830998 core:RemainingRelatedParties core:CurrentFinancialInstruments 2021-12-31 11830998 core:RemainingRelatedParties core:CurrentFinancialInstruments 2021-02-28 11830998 bus:OrdinaryShareClass1 2021-12-31 11830998 2021-03-01 2021-12-31 11830998 bus:FullAccounts 2021-03-01 2021-12-31 11830998 bus:SmallEntities 2021-03-01 2021-12-31 11830998 bus:AuditExemptWithAccountantsReport 2021-03-01 2021-12-31 11830998 bus:PrivateLimitedCompanyLtd 2021-03-01 2021-12-31 11830998 bus:Director1 2021-03-01 2021-12-31 11830998 bus:Director2 2021-03-01 2021-12-31 11830998 2020-03-01 2021-02-28 11830998 bus:OrdinaryShareClass1 2021-03-01 2021-12-31 11830998 bus:OrdinaryShareClass1 2020-03-01 2021-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11830998 (England and Wales)

STURDY PRODUCTS UK LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 MARCH 2021 TO 31 DECEMBER 2021
PAGES FOR FILING WITH THE REGISTRAR

STURDY PRODUCTS UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 MARCH 2021 TO 31 DECEMBER 2021

Contents

STURDY PRODUCTS UK LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2021
STURDY PRODUCTS UK LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2021
Note 31.12.2021 28.02.2021
£ £
Current assets
Debtors 3 38,529 50
Cash at bank and in hand 39,032 54
77,561 104
Creditors
Amounts falling due within one year 4 ( 76,869) ( 54)
Net current assets 692 50
Total assets less current liabilities 692 50
Net assets 692 50
Capital and reserves
Called-up share capital 5 50 50
Profit and loss account 642 0
Total shareholders' funds 692 50

For the financial period ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Sturdy Products UK Limited (registered number: 11830998) were approved and authorised for issue by the Director on 13 September 2022. They were signed on its behalf by:

John Hanlon
Director
STURDY PRODUCTS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 MARCH 2021 TO 31 DECEMBER 2021
STURDY PRODUCTS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 MARCH 2021 TO 31 DECEMBER 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sturdy Products UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 Perseverance Works, Hackney Road, Shoreditch, E2 8DD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

Reporting period length has been shortened by 2 months and covers a 10 month period from 1 March 2021 to 31 December 2021.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

Period from
01.03.2021 to
31.12.2021
Year ended
28.02.2021
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 2

3. Debtors

31.12.2021 28.02.2021
£ £
Trade debtors 38,479 0
Other debtors 50 50
38,529 50

4. Creditors: amounts falling due within one year

31.12.2021 28.02.2021
£ £
Trade creditors 62,782 0
Amounts owed to related parties 55 54
Other creditors 2,825 0
Corporation tax 245 0
Other taxation and social security 10,962 0
76,869 54

5. Called-up share capital

31.12.2021 28.02.2021
£ £
Allotted, called-up and fully-paid
50 Ordinary shares of £ 1.00 each 50 50

6. Related party transactions

Other related party transactions

31.12.2021 28.02.2021
£ £
Amounts owed to related parties 55 54