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REGISTERED NUMBER: 09352451 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STICKWORK LIMITED

STICKWORK LIMITED (REGISTERED NUMBER: 09352451)






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 4


STICKWORK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: C I Burnell





REGISTERED OFFICE: Croft Chambers
11 Bancroft
Hitchin
Herts
SG5 1JQ





REGISTERED NUMBER: 09352451 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

STICKWORK LIMITED (REGISTERED NUMBER: 09352451)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,022 46,851
Investments 5 28,186 28,186
67,208 75,037

CURRENT ASSETS
Stocks 98,380 121,510
Debtors 6 66,411 51,934
Cash at bank and in hand 16,303 6,795
181,094 180,239
CREDITORS
Amounts falling due within one year 7 446,748 380,626
NET CURRENT LIABILITIES (265,654 ) (200,387 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(198,446

)

(125,350

)

CREDITORS
Amounts falling due after more than one year 8 68,754 75,033
NET LIABILITIES (267,200 ) (200,383 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (267,300 ) (200,483 )
SHAREHOLDERS' FUNDS (267,200 ) (200,383 )

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 his 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.

STICKWORK LIMITED (REGISTERED NUMBER: 09352451)

STATEMENT OF FINANCIAL POSITION - 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 director and authorised for issue on 21 January 2025 and were signed by:





C I Burnell - Director


STICKWORK LIMITED (REGISTERED NUMBER: 09352451)

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

1. STATUTORY INFORMATION

Stickwork 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

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 8 (2022 - 10 ) .

STICKWORK LIMITED (REGISTERED NUMBER: 09352451)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 20,740 73,746 11,010 4,413 109,909
Additions - 333 - - 333
At 31 December 2023 20,740 74,079 11,010 4,413 110,242
DEPRECIATION
At 1 January 2023 2,052 50,346 8,682 1,978 63,058
Charge for year 1,037 5,934 582 609 8,162
At 31 December 2023 3,089 56,280 9,264 2,587 71,220
NET BOOK VALUE
At 31 December 2023 17,651 17,799 1,746 1,826 39,022
At 31 December 2022 18,688 23,400 2,328 2,435 46,851

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 28,186
NET BOOK VALUE
At 31 December 2023 28,186
At 31 December 2022 28,186

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 6,035 2,085
Other debtors 13,625 13,625
Deferred tax asset 46,751 36,224
66,411 51,934

STICKWORK LIMITED (REGISTERED NUMBER: 09352451)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 32,029 24,219
Trade creditors 75,438 50,692
Amounts owed to group undertakings 257,787 220,154
Social security and other taxes 9,254 1,471
Pension liability 244 244
VAT 48,445 48,951
Other creditors 13,304 15,405
Directors' current accounts 9,167 18,410
Accrued expenses 1,080 1,080
446,748 380,626

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 9,500 9,500
Bank loans - 2-5 years 28,162 28,877
Other creditors 31,092 36,656
68,754 75,033

9. RELATED PARTY DISCLOSURES

Gryphon Hockey, a company under common control with the owners of Stickwork Ltd, is owed £257,787 (2022: £220,154) by Stickwork Ltd.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C I Burnell.