IRIS Accounts Production v24.3.0.553 06947824 director 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069478242022-12-31069478242023-12-31069478242023-01-012023-12-31069478242021-12-31069478242022-01-012022-12-31069478242022-12-3106947824ns15:EnglandWales2023-01-012023-12-3106947824ns14:PoundSterling2023-01-012023-12-3106947824ns10:Director12023-01-012023-12-3106947824ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106947824ns10:SmallEntities2023-01-012023-12-3106947824ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106947824ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106947824ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106947824ns10:FullAccounts2023-01-012023-12-310694782412023-01-012023-12-3106947824ns10:OrdinaryShareClass12023-01-012023-12-3106947824ns10:CompanySecretary12023-01-012023-12-3106947824ns10:RegisteredOffice2023-01-012023-12-3106947824ns5:CurrentFinancialInstruments2023-12-3106947824ns5:CurrentFinancialInstruments2022-12-3106947824ns5:Non-currentFinancialInstruments2023-12-3106947824ns5:Non-currentFinancialInstruments2022-12-3106947824ns5:ShareCapital2023-12-3106947824ns5:ShareCapital2022-12-3106947824ns5:RetainedEarningsAccumulatedLosses2023-12-3106947824ns5:RetainedEarningsAccumulatedLosses2022-12-3106947824ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3106947824ns5:LeaseholdImprovements2023-01-012023-12-3106947824ns5:PlantMachinery2023-01-012023-12-3106947824ns5:FurnitureFittings2023-01-012023-12-3106947824ns5:ComputerEquipment2023-01-012023-12-3106947824ns5:IntangibleAssetsOtherThanGoodwill2022-12-3106947824ns5:IntangibleAssetsOtherThanGoodwill2023-12-3106947824ns5:IntangibleAssetsOtherThanGoodwill2022-12-3106947824ns5:PlantMachinery2022-12-3106947824ns5:PlantMachinery2023-12-3106947824ns5:PlantMachinery2022-12-3106947824ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106947824ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106947824ns5:Secured2023-12-3106947824ns5:Secured2022-12-3106947824ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 06947824 (England and Wales)















STRIPTWEEZE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






STRIPTWEEZE LTD (REGISTERED NUMBER: 06947824)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


STRIPTWEEZE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs R L Dowdeswell



SECRETARY: Mrs R L Dowdeswell



REGISTERED OFFICE: 6 Silver Walk
St Martins Square
Leicester
Leicestershire
LE1 5EW



REGISTERED NUMBER: 06947824 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
27-29 Lumley Avenue
Skegness
Lincolnshire
PE25 2AT



BANKERS: Virgin Money
27 Pelham Street
Nottingham
Notts
NG21 2SD

STRIPTWEEZE LTD (REGISTERED NUMBER: 06947824)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,474 19,755
Tangible assets 5 35,651 50,754
57,125 70,509

CURRENT ASSETS
Stocks 14,396 9,209
Debtors 6 78,926 21,502
Cash at bank and in hand 13,639 28,401
106,961 59,112
CREDITORS
Amounts falling due within one year 7 131,626 88,775
NET CURRENT LIABILITIES (24,665 ) (29,663 )
TOTAL ASSETS LESS CURRENT LIABILITIES 32,460 40,846

CREDITORS
Amounts falling due after more than one year 8 (14,167 ) (24,167 )

PROVISIONS FOR LIABILITIES (1,102 ) (1,295 )
NET ASSETS 17,191 15,384

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 16,191 14,384
SHAREHOLDERS' FUNDS 17,191 15,384

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 director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 October 2024 and were signed by:



Mrs R L Dowdeswell - Director


STRIPTWEEZE LTD (REGISTERED NUMBER: 06947824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Striptweeze Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Intangible assets are being amortised evenly over their expected useful lives of three years, five years and ten years.

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 - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


STRIPTWEEZE LTD (REGISTERED NUMBER: 06947824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 21,558
Additions 7,034
At 31 December 2023 28,592
AMORTISATION
At 1 January 2023 1,803
Charge for year 5,315
At 31 December 2023 7,118
NET BOOK VALUE
At 31 December 2023 21,474
At 31 December 2022 19,755

STRIPTWEEZE LTD (REGISTERED NUMBER: 06947824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 178,083
Additions 1,407
Disposals (10,201 )
At 31 December 2023 169,289
DEPRECIATION
At 1 January 2023 127,329
Charge for year 15,176
Eliminated on disposal (8,867 )
At 31 December 2023 133,638
NET BOOK VALUE
At 31 December 2023 35,651
At 31 December 2022 50,754

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 78,926 21,502

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 20,545 16,886
Taxation and social security 32,736 21,925
Other creditors 68,345 39,964
131,626 88,775

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,167 24,167

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 24,167 34,167

The bounceback loan is secured by the UK government.

STRIPTWEEZE LTD (REGISTERED NUMBER: 06947824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary shares 1 1,000 1,000