Registered number
07402382
Sisters Edge Limited
Unaudited Filleted Accounts
30 November 2023
Sisters Edge Limited
Registered number: 07402382
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 432 631
Current assets
Stocks 5,180 4,527
Cash at bank and in hand 10,473 14,857
15,653 19,384
Creditors: amounts falling due within one year 4 (41,821) (49,028)
Net current liabilities (26,168) (29,644)
Net liabilities (25,736) (29,013)
Capital and reserves
Called up share capital 1 1
Profit and loss account (25,737) (29,014)
Shareholder's funds (25,736) (29,013)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs. L M Hill-Smith
Director
Approved by the board on 12 March 2024
Sisters Edge Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Going concern
The company has net liabilities and is therefore dependent upon the continuing support of its creditors and director. On the basis that this support is expected to continue, the accounts have been drawn up on the going concern basis.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 4,793
At 30 November 2023 4,793
Depreciation
At 1 December 2022 4,162
Charge for the year 199
At 30 November 2023 4,361
Net book value
At 30 November 2023 432
At 30 November 2022 631
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 13,356
Trade creditors 1,800 17,552
Corporation tax 2 2
Other taxes and social security costs 576 3,205
Other creditors 29,443 14,913
41,821 49,028
5 Other information
Sisters Edge Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Botley
Oxford
OX2 9SX
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