Company Registration No. 07881740 (England and Wales)
Sticky Places Ltd.
Unaudited accounts
for the year ended 31 December 2023
Sticky Places Ltd.
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
12,429
52,965
Creditors: amounts falling due within one year
(13,134)
(16,521)
Net current assets
3,065
39,908
Total assets less current liabilities
3,991
41,796
Creditors: amounts falling due after more than one year
(42,561)
(58,495)
Net liabilities
(38,570)
(16,699)
Called up share capital
100
100
Profit and loss account
(38,670)
(16,799)
Shareholders' funds
(38,570)
(16,699)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 September 2024 and were signed on its behalf by
Mr N Bolton
Director
Company Registration No. 07881740
Sticky Places Ltd.
Notes to the Accounts
for the year ended 31 December 2023
Sticky Places Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07881740. The registered office is 1 New England Cottages, Wennington, Cambridgeshire, PE28 2LP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
At the end of the accounting period, the company was insolvent with net liabilities of £38,570 (2022 £16,696). The accounts have been prepared on a going concern basis due to the continuing support of the director.
Sticky Places Ltd.
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
At 31 December 2023
11,667
At 31 December 2023
10,741
Amounts falling due within one year
Accrued income and prepayments
262
104
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,681
2,831
Taxes and social security
7,999
11,236
Other creditors
2,335
2,335
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
27,419
40,726
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).