Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.15false2022-04-0114No description of principal activitytruetrue 6841215 2022-04-01 2023-03-31 6841215 2021-04-01 2022-03-31 6841215 2023-03-31 6841215 2022-03-31 6841215 2021-04-01 6841215 1 2021-04-01 2022-03-31 6841215 d:CompanySecretary1 2022-04-01 2023-03-31 6841215 d:Director1 2022-04-01 2023-03-31 6841215 d:Director2 2022-04-01 2023-03-31 6841215 d:RegisteredOffice 2022-04-01 2023-03-31 6841215 e:PlantMachinery 2022-04-01 2023-03-31 6841215 e:PlantMachinery 2023-03-31 6841215 e:PlantMachinery 2022-03-31 6841215 e:PlantMachinery e:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 6841215 e:FurnitureFittings 2022-04-01 2023-03-31 6841215 e:OfficeEquipment 2022-04-01 2023-03-31 6841215 e:CurrentFinancialInstruments 2023-03-31 6841215 e:CurrentFinancialInstruments 2022-03-31 6841215 e:Non-currentFinancialInstruments 2023-03-31 6841215 e:Non-currentFinancialInstruments 2022-03-31 6841215 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 6841215 e:CurrentFinancialInstruments e:WithinOneYear 2022-03-31 6841215 e:Non-currentFinancialInstruments e:AfterOneYear 2023-03-31 6841215 e:Non-currentFinancialInstruments e:AfterOneYear 2022-03-31 6841215 e:ShareCapital 2022-04-01 2023-03-31 6841215 e:ShareCapital 2023-03-31 6841215 e:ShareCapital 2021-04-01 2022-03-31 6841215 e:ShareCapital 2022-03-31 6841215 e:ShareCapital 2021-04-01 6841215 e:CapitalRedemptionReserve 2022-04-01 2023-03-31 6841215 e:CapitalRedemptionReserve 2023-03-31 6841215 e:CapitalRedemptionReserve 2021-04-01 2022-03-31 6841215 e:CapitalRedemptionReserve 2022-03-31 6841215 e:CapitalRedemptionReserve 2021-04-01 6841215 e:RevaluationReserve 1 2021-04-01 2022-03-31 6841215 e:OtherMiscellaneousReserve 2022-04-01 2023-03-31 6841215 e:OtherMiscellaneousReserve 2023-03-31 6841215 e:OtherMiscellaneousReserve 2021-04-01 2022-03-31 6841215 e:OtherMiscellaneousReserve 2022-03-31 6841215 e:OtherMiscellaneousReserve 2021-04-01 6841215 e:OtherMiscellaneousReserve 1 2021-04-01 2022-03-31 6841215 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 6841215 e:RetainedEarningsAccumulatedLosses 2023-03-31 6841215 e:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 6841215 e:RetainedEarningsAccumulatedLosses 2022-03-31 6841215 e:RetainedEarningsAccumulatedLosses 2021-04-01 6841215 e:RetainedEarningsAccumulatedLosses 1 2021-04-01 2022-03-31 6841215 d:FRS102 2022-04-01 2023-03-31 6841215 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 6841215 d:FullAccounts 2022-04-01 2023-03-31 6841215 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 6841215 e:AcceleratedTaxDepreciationDeferredTax 2023-03-31 6841215 e:AcceleratedTaxDepreciationDeferredTax 2022-03-31 6841215 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2023-03-31 6841215 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2022-03-31 6841215 e:LeasedAssetsHeldAsLessee 2023-03-31 6841215 e:LeasedAssetsHeldAsLessee 2022-03-31 iso4217:GBP xbrli:pure
Company registration number: 6841215







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


LICK N STICK GRAPHICS LIMITED






































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LICK N STICK GRAPHICS LIMITED
 


 
COMPANY INFORMATION


Directors
P J Cobby 
R J Long 




Company secretary
S Elliott



Registered number
6841215



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


LICK N STICK GRAPHICS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Statement of Changes in Equity
3
Notes to the Financial Statements
4 - 9


 


LICK N STICK GRAPHICS LIMITED
REGISTERED NUMBER:6841215



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible Fixed Assets
 4 
47,454
49,123

  
47,454
49,123

Current assets
  

Stocks
  
25,845
27,460

Debtors: amounts falling due within one year
 5 
156,941
185,032

Cash at bank and in hand
  
265,572
259,315

  
448,358
471,807

Creditors: amounts falling due within one year
 6 
(203,847)
(241,998)

Net current assets
  
 
 
244,511
 
 
229,809

Total assets less current liabilities
  
291,965
278,932

Creditors: amounts falling due after more than one year
 7 
(4,148)
(28,521)

Provisions for liabilities
  

Deferred tax
 8 
(11,864)
(12,281)

  
 
 
(11,864)
 
 
(12,281)

Net assets
  
275,953
238,130


Capital and reserves
  

Called up share capital 
  
9,000
9,000

Capital contribution reserve
  
646
2,134

Other reserves
  
1,000
1,000

Profit and loss account
  
265,307
225,996

  
275,953
238,130


Page 1

 


LICK N STICK GRAPHICS LIMITED
REGISTERED NUMBER:6841215


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



P J Cobby
R J Long
Director
Director


Date: 16 November 2023


The notes on pages 4 to 9 form part of these financial statements.

Page 2

 


LICK N STICK GRAPHICS LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Capital redemption reserve
Other reserves
Profit and loss account
Total equity

£
£
£
£
£

At 1 April 2021
9,000
-
1,000
182,738
192,738


Comprehensive income for the year

Profit for the year

-
-
-
42,266
42,266

Other movement
-
6,996
-
-
6,996


Other comprehensive income for the year
-
6,996
-
-
6,996


Total comprehensive income for the year
-
6,996
-
42,266
49,262

Dividends: Equity capital
-
-
-
(3,870)
(3,870)

Transfer to/from profit and loss account
-
(4,862)
-
4,862
-


Total transactions with owners
-
(4,862)
-
992
(3,870)


At 1 April 2022
9,000
2,134
1,000
225,996
238,130


Comprehensive income for the year

Profit for the year

-
-
-
41,693
41,693


Other comprehensive income for the year
-
-
-
-
-


Total comprehensive income for the year
-
-
-
41,693
41,693

Dividends: Equity capital
-
-
-
(3,870)
(3,870)

Transfer to/from profit and loss account
-
(1,488)
-
1,488
-


Total transactions with owners
-
(1,488)
-
(2,382)
(3,870)


At 31 March 2023
9,000
646
1,000
265,307
275,953


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 


LICK N STICK GRAPHICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Lick n Stick Graphics Limited is a private company, limited by shares, registered in England and Wales, registration number 6841215. The registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9LT. The principal place of business is Alexandra House, Delta Way, Thorpe, Egham, TW20 8RX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 4

 


LICK N STICK GRAPHICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 5

 


LICK N STICK GRAPHICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Plant and machinery
-
3-7 years straight line
Fixtures and fittings
-
5 years straight line
Office equipment
-
2 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2022 - 15).

Page 6

 


LICK N STICK GRAPHICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2022
407,280


Additions
16,435


Disposals
(35,741)



At 31 March 2023

387,974



Depreciation


At 1 April 2022
358,157


Charge for the year on owned assets
18,104


Disposals
(35,741)



At 31 March 2023

340,520



Net book value



At 31 March 2023
47,454



At 31 March 2022
49,123

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
19,825
32,485

19,825
32,485


5.


Debtors

2023
2022
£
£


Trade debtors
118,609
164,523

Prepayments and accrued income
38,332
20,509

156,941
185,032


Page 7

 


LICK N STICK GRAPHICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
62,833
58,968

Corporation tax
9,406
16,970

Other taxation and social security
39,199
49,645

Other creditors
77,352
72,770

Accruals and deferred income
15,057
43,645

203,847
241,998



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
4,148
28,521

4,148
28,521


Page 8

 


LICK N STICK GRAPHICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Deferred taxation




2023
2022


£

£






At beginning of year
(12,281)
(15,222)


Charged to profit or loss
417
2,941



At end of year
(11,864)
(12,281)

2023
2022
£
£


Accelerated capital allowances
(11,864)
(12,281)

(11,864)
(12,281)


9.


Related party transactions

At the year end 31 March 2023 there was a balance due to the directors of £34,516 (2022: £31,676). There was no interest charged on the balance.

 
Page 9