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REGISTERED NUMBER: 05912035 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Lick 'n' Stick Limited

Lick 'n' Stick Limited (Registered number: 05912035)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lick 'n' Stick Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A J Knight
Mrs D L Knight





REGISTERED OFFICE: Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ





REGISTERED NUMBER: 05912035 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

Lick 'n' Stick Limited (Registered number: 05912035)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 5,908 5,064
5,909 5,065

CURRENT ASSETS
Stocks 10,900 9,950
Debtors 6 4,024 -
Cash at bank and in hand 41,472 42,972
56,396 52,922
CREDITORS
Amounts falling due within one year 7 61,263 55,292
NET CURRENT LIABILITIES (4,867 ) (2,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,042

2,695

CREDITORS
Amounts falling due after more than one
year

8

-

1,172
NET ASSETS 1,042 1,523

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 942 1,423
SHAREHOLDERS' FUNDS 1,042 1,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Lick 'n' Stick Limited (Registered number: 05912035)

Balance Sheet - continued
30 November 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 12 August 2024 and were signed on its behalf by:





A J Knight - Director


Lick 'n' Stick Limited (Registered number: 05912035)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Lick 'n' Stick 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from the provision of stationery and the rendering of services as a post office to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost and 15% on 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
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

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.

Lick 'n' Stick Limited (Registered number: 05912035)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 139,900
AMORTISATION
At 1 December 2022
and 30 November 2023 139,899
NET BOOK VALUE
At 30 November 2023 1
At 30 November 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 24,872
Additions 2,060
At 30 November 2023 26,932
DEPRECIATION
At 1 December 2022 19,808
Charge for year 1,216
At 30 November 2023 21,024
NET BOOK VALUE
At 30 November 2023 5,908
At 30 November 2022 5,064

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,024 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 999 1,979
Taxation and social security 2,150 (2,082 )
Other creditors 58,114 55,395
61,263 55,292

Lick 'n' Stick Limited (Registered number: 05912035)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 1,172

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 12,000 12,000

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who are the shareholders.