Company Registration No. 10642968 (England and Wales)
Statico Limited
Unaudited accounts
for the year ended 28 February 2023
Statico Limited
Unaudited accounts
Contents
Statico Limited
Company Information
for the year ended 28 February 2023
Company Number
10642968 (England and Wales)
Registered Office
141 VERDON STREET
SHEFFIELD
S3 9QP
UNITED KINGDOM
Accountants
Asad Hanif AFA MIPA
298 Barnsley Road
Sheffield
S4 7AH
Statico Limited
Statement of financial position
as at 28 February 2023
Tangible assets
6,087
3,875
Cash at bank and in hand
115,279
87,826
Creditors: amounts falling due within one year
(4,325)
(2,652)
Net current assets
110,954
85,174
Called up share capital
1
1
Profit and loss account
117,040
89,048
Shareholders' funds
117,041
89,049
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 director acknowledges his 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 and authorised for issue on 22 December 2023 and were signed on its behalf by
Mr Faysal Ahmed
Director
Company Registration No. 10642968
Statico Limited
Notes to the Accounts
for the year ended 28 February 2023
Statico Limited is a private company, limited by shares, registered in England and Wales, registration number 10642968. The registered office is 141 VERDON STREET, SHEFFIELD, S3 9QP, UNITED KINGDOM.
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
25% Straight Line Method
Fixtures & fittings
25% Straight Line Method
Computer equipment
25% Straight Line Method
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
2,500
1,125
5,500
9,125
Additions
-
2,200
3,250
5,450
At 28 February 2023
2,500
3,325
8,750
14,575
At 1 March 2022
2,500
750
2,000
5,250
Charge for the year
-
925
2,313
3,238
At 28 February 2023
2,500
1,675
4,313
8,488
At 28 February 2023
-
1,650
4,437
6,087
At 28 February 2022
-
375
3,500
3,875
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,325
2,652
Statico Limited
Notes to the Accounts
for the year ended 28 February 2023
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).