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Registered Number: 13493985
England and Wales

 

 

 

STIK DEVELOPMENTS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
Director Christian Samunel Peter Froggatt
Registered Number 13493985
Registered Office THE STUDIO, FAIRLEAD
CHART LANE REIGATE
RH2 7EG
Accountants Worth Knowing Accountants Ltd
7 Bell Yard
London
WC2A 2JR
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 July 2023
Principal activities
The companys principal activity during the year was development of building projects.
Director
The director who served the company throughout the year was as follows:
Christian Samunel Peter Froggatt
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Christian Samunel Peter Froggatt
Director

Date approved: 27 November 2023
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 July 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Worth Knowing Accountants Ltd
31 July 2023



....................................................
Worth Knowing Accountants Ltd
7 Bell Yard
London
WC2A 2JR
27 November 2023
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 18,992    536 
18,992    536 
Current assets      
Debtors 4 2,226    40,197 
Cash at bank and in hand 36,080    13,793 
38,306    53,990 
Creditors: amount falling due within one year 5 (21,640)   (22,543)
Net current assets 16,666    31,447 
 
Total assets less current liabilities 35,658    31,983 
Provisions for liabilities 6 (3,608)   (102)
Net assets 32,050    31,881 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 32,048    31,879 
Shareholder's funds 32,050    31,881 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 27 November 2023 and were signed by:


-------------------------------
Christian Samunel Peter Froggatt
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
Profit for the year 73,879  73,879 
Total comprehensive income for the year 73,879  73,879 
Dividends (42,000) (42,000)
Shares issued 2 
Total investments by and distributions to owners 2  (42,000) (41,998)
At 31 July 2022 2  31,879  31,881 
At 01 August 2022 2  31,879  31,881 
Profit for the year 42,169  42,169 
Total comprehensive income for the year 42,169  42,169 
Dividends (42,000) (42,000)
Total investments by and distributions to owners (42,000) (42,000)
At 31 July 2023 2  32,048  32,050 
5
General Information
STIK DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13493985, registration address THE STUDIO, FAIRLEAD, CHART LANE REIGATE, RH2 7EG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 August 2022   360    800    1,160 
Additions 24,600        24,600 
Disposals      
At 31 July 2023 24,600    360    800    25,760 
Depreciation
At 01 August 2022     264    264 
Charge for year 6,150    90    264    6,504 
On disposals      
At 31 July 2023 6,150    90    528    6,768 
Net book values
Closing balance as at 31 July 2023 18,450    270    272    18,992 
Opening balance as at 01 August 2022     536    536 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 450    40,197 
Prepayments & Accrued Income 1,776   
2,226    40,197 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 99    347 
Corporation Tax 7,581    17,171 
Accrued Expenses 750    750 
Directors' Current Accounts 899    970 
VAT 12,311    3,305 
21,640    22,543 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 3,608    102 
3,608    102 

6