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REGISTERED NUMBER: 06102549 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Sweet Success Sugarcraft Limited

Sweet Success Sugarcraft Limited (Registered number: 06102549)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sweet Success Sugarcraft Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs R R Taylor
M Taylor



SECRETARY: P A Brown



REGISTERED OFFICE: 4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT



REGISTERED NUMBER: 06102549 (England and Wales)



ACCOUNTANTS: Smith Cookson
Chartered Accountants
4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT



BANKERS: National Westminster Bank Plc
Hyson Green Branch
105 Radford Road
Hyson Green
Nottinghamshire
NG7 5DY

Sweet Success Sugarcraft Limited (Registered number: 06102549)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 152,507 173,803
Investments 6 680,901 564,555
833,408 738,358

CURRENT ASSETS
Stocks 137,337 132,104
Debtors 7 40,673 36,064
Investments 8 488 599
Cash at bank and in hand 126,130 185,066
304,628 353,833
CREDITORS
Amounts falling due within one year 9 185,038 157,780
NET CURRENT ASSETS 119,590 196,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

952,998

934,411

CREDITORS
Amounts falling due after more than one
year

10

(5,887

)

(6,778

)

PROVISIONS FOR LIABILITIES 11 (42,705 ) (30,384 )
NET ASSETS 904,406 897,249

CAPITAL AND RESERVES
Called up share capital 12 80 80
Capital redemption reserve 13 20 20
Non-distributable reserves 13 57,785 8,025
Retained earnings 13 846,521 889,124
SHAREHOLDERS' FUNDS 904,406 897,249

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Sweet Success Sugarcraft Limited (Registered number: 06102549)

Balance Sheet - continued
31 December 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 24 September 2024 and were signed on its behalf by:





M Taylor - Director


Sweet Success Sugarcraft Limited (Registered number: 06102549)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Sweet Success Sugarcraft 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 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 as modified by the revaluation of certain assets.

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.
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance and 5% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

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.

Sweet Success Sugarcraft Limited (Registered number: 06102549)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Government grants
Government grants are recognised in the profit and loss account over the life of the asset for which the grant was obtained, or for grants received from the local council or HMRC relating to claims made regarding the COVID-19 pandemic.

Each grant received has been treated accordingly as either taxable or non-taxable income dependant on the grant type.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 400,471
AMORTISATION
At 1 January 2023
and 31 December 2023 400,471
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 107,893 254,190 36,325
Additions - - 607
Disposals - (5,375 ) -
At 31 December 2023 107,893 248,815 36,932
DEPRECIATION
At 1 January 2023 24,383 208,562 32,795
Charge for year 2,188 6,931 1,035
Eliminated on disposal - (3,107 ) -
At 31 December 2023 26,571 212,386 33,830
NET BOOK VALUE
At 31 December 2023 81,322 36,429 3,102
At 31 December 2022 83,510 45,628 3,530

Sweet Success Sugarcraft Limited (Registered number: 06102549)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 46,845 63,220 508,473
Additions - 1,070 1,677
Disposals - - (5,375 )
At 31 December 2023 46,845 64,290 504,775
DEPRECIATION
At 1 January 2023 24,553 44,377 334,670
Charge for year 5,573 4,978 20,705
Eliminated on disposal - - (3,107 )
At 31 December 2023 30,126 49,355 352,268
NET BOOK VALUE
At 31 December 2023 16,719 14,935 152,507
At 31 December 2022 22,292 18,843 173,803

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 January 2023 564,555
Additions 50,000
Revaluations 66,346
At 31 December 2023 680,901
NET BOOK VALUE
At 31 December 2023 680,901
At 31 December 2022 564,555

Cost or valuation at 31 December 2023 is represented by:

Listed
investments
£   
Valuation in 2022 10,700
Valuation in 2023 66,346
Cost 603,855
680,901

Sweet Success Sugarcraft Limited (Registered number: 06102549)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 603,855 553,855
Aggregate provisions (77,046 ) (10,700 )

Fixed asset investments were valued on an open market value basis on 31 December 2023 by Hargreaves Lansdown .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 9,651 15,228
Other debtors 7,938 7,938
VAT 6,963 8,035
Prepayments 16,121 4,863
40,673 36,064

8. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Unlisted investments 488 599

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 48,727 46,960
Corporation tax 39,133 43,983
Social security and other taxes 14,306 14,713
Other creditors 5,000 5,000
Shareholders loan account 59,664 40,064
Directors' current accounts 10,394 238
Accrued expenses 6,923 5,931
Deferred government grants 891 891
185,038 157,780

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Deferred government grants 5,887 6,778

11. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 42,705 30,384

Sweet Success Sugarcraft Limited (Registered number: 06102549)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 30,384
Provided during year 12,321
Balance at 31 December 2023 42,705

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.19 31.12.18
value: £ £
20 Ordinary A £1 20 20
60 Ordinary F £1 60 60


80 80

13. RESERVES
Capital
Retained redemption Non-distributable
earnings reserve reserves Totals
£    £    £    £   

At 1 January 2023 889,124 20 8,025 897,169
Profit for the year 164,053 164,053
Dividends (156,896 ) (156,896 )
Fixed asset investment revaluation (49,760 ) - 49,760 -
At 31 December 2023 846,521 20 57,785 904,326