Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2023-01-01Bar sales2424falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04292099 2023-01-01 2023-11-30 04292099 2022-01-01 2022-12-31 04292099 2023-11-30 04292099 2022-12-31 04292099 2022-01-01 04292099 c:Director1 2023-01-01 2023-11-30 04292099 c:Director2 2023-01-01 2023-11-30 04292099 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-11-30 04292099 d:Buildings d:ShortLeaseholdAssets 2023-11-30 04292099 d:Buildings d:ShortLeaseholdAssets 2022-12-31 04292099 d:PlantMachinery 2023-01-01 2023-11-30 04292099 d:PlantMachinery 2023-11-30 04292099 d:PlantMachinery 2022-12-31 04292099 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-11-30 04292099 d:FurnitureFittings 2023-01-01 2023-11-30 04292099 d:FurnitureFittings 2023-11-30 04292099 d:FurnitureFittings 2022-12-31 04292099 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-11-30 04292099 d:OwnedOrFreeholdAssets 2023-01-01 2023-11-30 04292099 d:CurrentFinancialInstruments 2023-11-30 04292099 d:CurrentFinancialInstruments 2022-12-31 04292099 d:Non-currentFinancialInstruments 2023-11-30 04292099 d:Non-currentFinancialInstruments 2022-12-31 04292099 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04292099 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04292099 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 04292099 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04292099 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 04292099 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 04292099 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 04292099 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 04292099 d:ShareCapital 2023-11-30 04292099 d:ShareCapital 2022-12-31 04292099 d:RetainedEarningsAccumulatedLosses 2023-11-30 04292099 d:RetainedEarningsAccumulatedLosses 2022-12-31 04292099 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 04292099 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04292099 d:TaxLossesCarry-forwardsDeferredTax 2023-11-30 04292099 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 04292099 c:OrdinaryShareClass1 2023-01-01 2023-11-30 04292099 c:OrdinaryShareClass1 2023-11-30 04292099 c:OrdinaryShareClass2 2023-01-01 2023-11-30 04292099 c:OrdinaryShareClass2 2023-11-30 04292099 c:FRS102 2023-01-01 2023-11-30 04292099 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-11-30 04292099 c:FullAccounts 2023-01-01 2023-11-30 04292099 c:PrivateLimitedCompanyLtd 2023-01-01 2023-11-30 04292099 2 2023-01-01 2023-11-30 04292099 e:PoundSterling 2023-01-01 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04292099









SWIZZLESTICK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
SWIZZLESTICK LIMITED
REGISTERED NUMBER: 04292099

BALANCE SHEET
AS AT 30 NOVEMBER 2023

30 November
31 December
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
331,859
353,639

Current assets
  

Stocks
  
21,781
23,688

Debtors: amounts falling due within one year
 5 
285,822
201,109

Cash at bank and in hand
  
55,188
97,104

  
362,791
321,901

Creditors: amounts falling due within one year
 6 
(666,913)
(369,751)

Net current liabilities
  
 
 
(304,122)
 
 
(47,850)

Total assets less current liabilities
  
27,737
305,789

Creditors: amounts falling due after more than one year
 7 
(153,823)
(194,287)

Provisions for liabilities
  

Deferred tax
  
(39,364)
(72,775)

Net (liabilities)/assets
  
(165,450)
38,727


Capital and reserves
  

Called up share capital 
 10 
66
66

Profit and loss account
  
(165,516)
38,661

  
(165,450)
38,727


Page 1

 
SWIZZLESTICK LIMITED
REGISTERED NUMBER: 04292099
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 August 2024.




Mr A Buchanan
Mrs L T Theiss Buchanan
Director
Director


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SWIZZLESTICK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

Swizzlestick Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is 58-60 Carter Lane, London, EC4V 5EA.
These accounts represent the 11 months to 30 November 2023. The year end was shortened for strategic reasons. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. 

 
2.6

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

Page 3

 
SWIZZLESTICK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a seperate entity. Once the contributions have been paid the company has no further payment obligations. 
The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds. 

 
2.8

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SWIZZLESTICK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Short-term leasehold property
-
25 years
Plant and machinery
-
25 years
Fixtures and fittings
-
7 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of income and retained earnings.

 
2.11

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
SWIZZLESTICK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 24 (2022 - 24).


4.


Tangible fixed assets







Short-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2023
275,455
370,616
548,386
1,194,457


Additions
-
3,778
4,509
8,287



At 30 November 2023

275,455
374,394
552,895
1,202,744



Depreciation


At 1 January 2023
98,015
211,293
531,510
840,818


Charge for the period on owned assets
10,100
13,670
6,297
30,067



At 30 November 2023

108,115
224,963
537,807
870,885



Net book value



At 30 November 2023
167,340
149,431
15,088
331,859



At 31 December 2022
177,440
159,323
16,876
353,639


5.


Debtors

30 November
31 December
2023
2022
£
£


Other debtors
254,575
151,490

Prepayments and accrued income
31,247
49,619

285,822
201,109


Page 6

 
SWIZZLESTICK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

30 November
31 December
2023
2022
£
£

Bank loans
49,282
47,659

Trade creditors
130,210
137,003

Corporation tax
22,536
64,282

Other taxation and social security
164,456
83,228

Other creditors
300,429
15,382

Accruals and deferred income
-
22,197

666,913
369,751


Bank borrowings of £203,105 (2022 - £241,946) are secured by a debenture on the company's assets.


7.


Creditors: Amounts falling due after more than one year

30 November
31 December
2023
2022
£
£

Bank loans
153,823
194,287



8.


Loans


Analysis of the maturity of loans is given below:


30 November
31 December
2023
2022
£
£

Amounts falling due within one year

Bank loans
49,282
47,659

Amounts falling due 1-2 years

Bank loans
48,472
47,658

Amounts falling due 2-5 years

Bank loans
105,351
146,629


203,105
241,946


Page 7

 
SWIZZLESTICK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

9.


Deferred taxation






2023
2022


£

£






At beginning of year
(72,775)
(55,693)


Credited/(charged) to the Statement of income and retained earnings
33,411
(17,082)



At end of year
(39,364)
(72,775)

The provision for deferred taxation is made up as follows:

30 November
31 December
2023
2022
£
£


Accelerated capital allowances
(67,977)
(72,775)

Tax losses carried forward
28,613
-

(39,364)
(72,775)


10.


Share capital

30 November
31 December
2023
2022
£
£
Allotted, called up and fully paid



5,419 Ordinary B shares of £0.01 each
54
54
1,169 Ordinary C shares of £0.01 each
12
12

66

66



11.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,174 (2022 - £10,014). At the year end there were amounts of £4,515 (2022 - £2,239) payable to the fund.  

 
Page 8