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REGISTERED NUMBER: 04562428 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

FIDDLE-DE-STICKS LTD

FIDDLE-DE-STICKS LTD (REGISTERED NUMBER: 04562428)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIDDLE-DE-STICKS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: R Horne





REGISTERED OFFICE: The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 04562428 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

FIDDLE-DE-STICKS LTD (REGISTERED NUMBER: 04562428)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,700 30,918

CURRENT ASSETS
Debtors 5 7,832 4,560
Cash at bank and in hand 993 4,202
8,825 8,762
CREDITORS
Amounts falling due within one year 6 12,306 10,163
NET CURRENT LIABILITIES (3,481 ) (1,401 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,219

29,517

CREDITORS
Amounts falling due after more than one
year

7

(29,013

)

(35,377

)

PROVISIONS FOR LIABILITIES 9 (4,313 ) (5,874 )
NET LIABILITIES (14,107 ) (11,734 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,207 ) (11,834 )
SHAREHOLDERS' FUNDS (14,107 ) (11,734 )

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

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

The director acknowledges his 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.

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 director and authorised for issue on 22 April 2024 and were signed by:





R Horne - Director


FIDDLE-DE-STICKS LTD (REGISTERED NUMBER: 04562428)

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

1. STATUTORY INFORMATION

Fiddle-de-Sticks Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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, excluding discounts rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

FIDDLE-DE-STICKS LTD (REGISTERED NUMBER: 04562428)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 38,351 25,500 1,782 65,633
DEPRECIATION
At 1 November 2022 31,630 1,956 1,129 34,715
Charge for year 1,680 6,375 163 8,218
At 31 October 2023 33,310 8,331 1,292 42,933
NET BOOK VALUE
At 31 October 2023 5,041 17,169 490 22,700
At 31 October 2022 6,721 23,544 653 30,918

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 576 -
Directors' current accounts - 69
Accrued income 7,256 4,491
7,832 4,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,941 2,118
Hire purchase contracts 4,600 4,600
Credit Card Control 389 417
Social security and other taxes 784 983
VAT 2,278 1,518
Directors' current accounts 1,761 -
Accrued expenses 553 527
12,306 10,163

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 1,941 2,118
Bank loans - 2-5 years 11,912 13,500
Hire purchase contracts 15,160 19,759
29,013 35,377

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 12,271 17,848

FIDDLE-DE-STICKS LTD (REGISTERED NUMBER: 04562428)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 15,794 17,736

The Bank Loan is guaranteed by the UK Government

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Deferred Tax Provision B/Fwd 5,874 1,684
Deferred Tax Provision in Year (1,561 ) 4,190
4,313 5,874

Deferred
tax
£   
Balance at 1 November 2022 5,874
Utilised during year (1,561 )
Accelerated Capital Allowances
Balance at 31 October 2023 4,313

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
R Horne
Balance outstanding at start of year 69 (3,103 )
Amounts advanced 2,100 3,900
Amounts repaid (3,930 ) (728 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,761 ) 69

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Horne.

This was by virtue of his 100% holding of the issued share capital.