Company Registration No. 08448904 (England and Wales)
South Coast Stickers Limited
Unaudited accounts
for the year ended 31 December 2023
South Coast Stickers Limited
Unaudited accounts
Contents
South Coast Stickers Limited
Company Information
for the year ended 31 December 2023
Company Number
08448904 (England and Wales)
Registered Office
FLAT 10 LEIGHTON LODGE
15 BRANKSOME WOOD ROAD
BOURNEMOUTH
DORSET
BH2 6BX
ENGLAND
Accountants
Thyme Accounting Services Limited
Flat 10 Leighton Lodge
15 Branksome Wood Road
Bournemouth
Dorset
BH2 6BX
South Coast Stickers Limited
Accountants' report
Accountants' report to the director of South Coast Stickers Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
South Coast Stickers Limited for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of South Coast Stickers Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of South Coast Stickers Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than South Coast Stickers Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that South Coast Stickers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of South Coast Stickers Limited. You consider that South Coast Stickers Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of South Coast Stickers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Thyme Accounting Services Limited
Flat 10 Leighton Lodge
15 Branksome Wood Road
Bournemouth
Dorset
BH2 6BX
8 November 2024
South Coast Stickers Limited
Statement of financial position
as at 31 December 2023
Tangible assets
6,478
8,427
Cash at bank and in hand
188
864
Creditors: amounts falling due within one year
(7,033)
(5,836)
Net current assets
15,155
17,028
Total assets less current liabilities
21,633
25,455
Creditors: amounts falling due after more than one year
(20,480)
(23,114)
Called up share capital
2
2
Profit and loss account
1,151
2,339
Shareholders' funds
1,153
2,341
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 8 November 2024 and were signed on its behalf by
Liam Searle
Director
Company Registration No. 08448904
South Coast Stickers Limited
Notes to the Accounts
for the year ended 31 December 2023
South Coast Stickers Limited is a private company, limited by shares, registered in England and Wales, registration number 08448904. The registered office is FLAT 10 LEIGHTON LODGE, 15 BRANKSOME WOOD ROAD, BOURNEMOUTH, DORSET, BH2 6BX, ENGLAND.
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:
Plant & machinery
20% on a reducing balance
Motor vehicles
25% on a reducing balance
Computer equipment
20% on a reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
9,761
12,500
2,024
24,285
At 31 December 2023
9,761
12,500
2,024
24,285
At 1 January 2023
7,035
7,227
1,596
15,858
Charge for the year
545
1,318
86
1,949
At 31 December 2023
7,580
8,545
1,682
17,807
At 31 December 2023
2,181
3,955
342
6,478
At 31 December 2022
2,726
5,273
428
8,427
South Coast Stickers Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Other debtors
20,000
20,000
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,748
1,748
Loans from directors
3,725
1,238
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).