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REGISTERED NUMBER: 08348408 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

STORKSEN LIMITED

STORKSEN LIMITED (REGISTERED NUMBER: 08348408)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STORKSEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Hannah Storksen-Coulson
Brit Storksen





REGISTERED OFFICE: C/O Defries Weiss
1 Bridge Lane
London
NW11 0EA





REGISTERED NUMBER: 08348408 (England and Wales)





ACCOUNTANTS: Defries Weiss (Accountants) Limited
1 Bridge Lane
London
NW11 0EA

STORKSEN LIMITED (REGISTERED NUMBER: 08348408)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 183
Tangible assets 5 25,958 32,448
25,958 32,631

CURRENT ASSETS
Stocks 25,000 25,000
Debtors 6 37,294 30,277
Cash at bank 2 2
62,296 55,279
CREDITORS
Amounts falling due within one year 7 425,455 325,852
NET CURRENT LIABILITIES (363,159 ) (270,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(337,201

)

(237,942

)

CREDITORS
Amounts falling due after more than one year 8 (25,321 ) (58,822 )

PROVISIONS FOR LIABILITIES (6,490 ) (6,165 )
NET LIABILITIES (369,012 ) (302,929 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (369,112 ) (303,029 )
(369,012 ) (302,929 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STORKSEN LIMITED (REGISTERED NUMBER: 08348408)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





Brit Storksen - Director


STORKSEN LIMITED (REGISTERED NUMBER: 08348408)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Storksen Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, including discounts, but excluding VAT.

Intangible assets
Computer software is amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings:20% of the reducing balance
Computer equipment:20% of the reducing balance
Plant and machinery:20% of the reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

STORKSEN LIMITED (REGISTERED NUMBER: 08348408)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 2,250
AMORTISATION
At 1 June 2022 2,067
Charge for year 183
At 31 May 2023 2,250
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 183

STORKSEN LIMITED (REGISTERED NUMBER: 08348408)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 106,527
DEPRECIATION
At 1 June 2022 74,079
Charge for year 6,490
At 31 May 2023 80,569
NET BOOK VALUE
At 31 May 2023 25,958
At 31 May 2022 32,448

6. DEBTORS
31.5.23 31.5.22
£    £   
Amounts falling due within one year:
Sundry debtors 13,044 5,797

Amounts falling due after more than one year:
Other debtors 24,250 24,480

Aggregate amounts 37,294 30,277

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 22,136 17,037
Trade creditors 20,302 9,852
Taxation and social security 21,409 20,983
Other creditors 361,608 277,980
425,455 325,852

STORKSEN LIMITED (REGISTERED NUMBER: 08348408)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 20,758 30,722
Other creditors 4,563 28,100
25,321 58,822

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank overdrafts 22,136 17,037
Other loans 18,310 33,003
40,446 50,040

The bank overdraft referred to above is personally secured by the directors. Other creditors includes £18,310 (2022: £33,003) in other loans which are personally secured by the directors.


10. FINANCIAL COMMITMENTS

At the balance sheet date the company was committed to operating lease payments of £897,793 (2022: £952,321) for rental of premises under three leases which expire in January 2033, April 2028 and April 2034. These commitments included £108,227 to be paid in the year ending 31 May 2024 (as at 31 May 2022, £103,727 to be paid in the year ended 31 May 2023).

The operating lease commitments include £352,882 (2022: £335,644) that are personally guaranteed by Brit Storksen, of which £36,500 (2022: £32,000) were due within one year of the balance sheet date.


11. GOING CONCERN

The financial statements have been prepared on a going concern basis, which is dependent on the continued support of the director Brit Storksen. Ms Storksen intends to support the company for the foreseeable future, and therefore the going concern basis is appropriate.