Company Registration No. 13222478 (England and Wales)
Sugar Theory Ltd
Unaudited accounts
for the year ended 28 February 2023
Sugar Theory Ltd
Unaudited accounts
Contents
Sugar Theory Ltd
Statement of financial position
as at 28 February 2023
Called up share capital not paid
(2)
(2)
Tangible assets
14,162
17,271
Cash at bank and in hand
1,215
9,792
Creditors: amounts falling due within one year
(13,713)
(2,146)
Net current assets
3,655
10,343
Total assets less current liabilities
17,815
27,612
Creditors: amounts falling due after more than one year
(21,847)
(35,681)
Net liabilities
(4,032)
(8,069)
Profit and loss account
(4,032)
(8,069)
Shareholders' funds
(4,032)
(8,069)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2023 and were signed on its behalf by
Michael Evans
Director
Company Registration No. 13222478
Sugar Theory Ltd
Notes to the Accounts
for the year ended 28 February 2023
Sugar Theory Ltd is a private company, limited by shares, registered in England and Wales, registration number 13222478. The registered office is 41A Lewis Street , Aberdare, Rhondda Cynon Taff, CF44 6PY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% Reducing Balance Method
Motor vehicles
18% Reducing Balance Method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2022
5,562
15,500
21,062
At 28 February 2023
5,562
15,500
21,062
At 1 March 2022
1,001
2,790
3,791
Charge for the year
821
2,288
3,109
At 28 February 2023
1,822
5,078
6,900
At 28 February 2023
3,740
10,422
14,162
At 28 February 2022
4,561
12,710
17,271
Amounts falling due after more than one year
Accrued income and prepayments
10,000
-
Sugar Theory Ltd
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,469
-
Loans from directors
11,884
2,146
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).