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Company Registration No. 07926469 (England and Wales)
Sticky Baits Ltd Unaudited accounts for the year ended 31 January 2023
Sticky Baits Ltd Unaudited accounts Contents
Page
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Sticky Baits Ltd Company Information for the year ended 31 January 2023
Director
Thomas James Anderson
Company Number
07926469 (England and Wales)
Registered Office
Unit 2 North Lynton Main Road, Newland Goole East Yorkshire DN14 7XF United Kingdom
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Sticky Baits Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,663,612 
1,000,394 
Current assets
Inventories
1,449,655 
1,296,029 
Debtors
1,606,611 
1,782,337 
Cash at bank and in hand
80,263 
714,711 
3,136,529 
3,793,077 
Creditors: amounts falling due within one year
(453,950)
(530,059)
Net current assets
2,682,579 
3,263,018 
Total assets less current liabilities
4,346,191 
4,263,412 
Provisions for liabilities
Deferred tax
(82,520)
(88,958)
Net assets
4,263,671 
4,174,454 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
4,253,671 
4,164,454 
Shareholders' funds
4,263,671 
4,174,454 
For the year ending 31 January 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 19 January 2024 and were signed on its behalf by
Thomas James Anderson Director Company Registration No. 07926469
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Sticky Baits Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Sticky Baits Ltd is a private company, limited by shares, registered in England and Wales, registration number 07926469. The registered office is Unit 2 North Lynton, Main Road, Newland, Goole, East Yorkshire, DN14 7XF, 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.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
(Improvements to property) - 10% and 20% on cost
Plant & machinery
- 20% on reducing balance
Motor vehicles
- 33% on reducing balance
Fixtures & fittings
- 15% on reducing balance
Computer equipment
- 50% on reducing balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Sticky Baits Ltd Notes to the Accounts for the year ended 31 January 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 February 2022
667,308 
725,170 
129,022 
117,248 
182,330 
1,821,078 
Additions
766,831 
35,442 
52,995 
150 
21,508 
876,926 
Disposals
- 
- 
(55,000)
- 
- 
(55,000)
At 31 January 2023
1,434,139 
760,612 
127,017 
117,398 
203,838 
2,643,004 
Depreciation
At 1 February 2022
163,495 
381,296 
77,038 
54,922 
143,933 
820,684 
Charge for the year
66,733 
70,210 
18,650 
9,372 
23,050 
188,015 
On disposals
- 
- 
(29,307)
- 
- 
(29,307)
At 31 January 2023
230,228 
451,506 
66,381 
64,294 
166,983 
979,392 
Net book value
At 31 January 2023
1,203,911 
309,106 
60,636 
53,104 
36,855 
1,663,612 
At 31 January 2022
503,813 
343,874 
51,984 
62,326 
38,397 
1,000,394 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
434,247 
463,829 
Accrued income and prepayments
70,454 
107,807 
Other debtors
75,763 
421,530 
580,464 
993,166 
Amounts falling due after more than one year
Other debtors
1,026,147 
789,171 
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Sticky Baits Ltd Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
75,421 
57,996 
Trade creditors
151,683 
153,449 
Taxes and social security
41,732 
211,731 
Other creditors
2,906 
11,088 
Accruals
182,208 
95,795 
453,950 
530,059 
7
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 January 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
97,500 
97,500 
Later than one year and not later than five years
390,000 
390,000 
Later than five years
136,875 
234,375 
624,375 
721,875 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Thomas James Anderson
Directors Advances, Credits and Guarantees
307,611 
43,873 
312,420 
39,064 
307,611 
43,873 
312,420 
39,064 
9
Average number of employees
During the year the average number of employees was 30 (2022: 31).
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