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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
Page
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Sugar Theory Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
(2)
(2)
Fixed assets
Tangible assets
14,162 
17,271 
Current assets
Inventories
3,000 
1,697 
Debtors
13,153 
1,000 
Cash at bank and in hand
1,215 
9,792 
17,368 
12,489 
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)
Capital and reserves
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
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Sugar Theory Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 28 February 2023
3,740 
10,422 
14,162 
At 28 February 2022
4,561 
12,710 
17,271 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
3,153 
1,000 
Accrued income and prepayments
10,000 
- 
13,153 
1,000 
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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 
Accruals
360 
- 
13,713 
2,146 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,847 
35,681 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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