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REGISTERED NUMBER: 09334630 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STORIK LIMITED

STORIK LIMITED (REGISTERED NUMBER: 09334630)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STORIK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr L P H Amann
Mrs B M Amann





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 09334630 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

STORIK LIMITED (REGISTERED NUMBER: 09334630)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 18,198 15,231

CURRENT ASSETS
Debtors 5 11,517 2,058
Cash at bank 1,288 16,203
12,805 18,261
CREDITORS
Amounts falling due within one year 6 17,468 19,414
NET CURRENT LIABILITIES (4,663 ) (1,153 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,535

14,078

CREDITORS
Amounts falling due after more than one
year

7

(2,766

)

(5,710

)

PROVISIONS FOR LIABILITIES (3,458 ) (2,894 )
NET ASSETS 7,311 5,474

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,310 5,473
SHAREHOLDERS' FUNDS 7,311 5,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

STORIK LIMITED (REGISTERED NUMBER: 09334630)

BALANCE SHEET - continued
31 DECEMBER 2024


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 8 April 2025 and were signed on its behalf by:




Mr L P H Amann - Director



Mrs B M Amann - Director


STORIK LIMITED (REGISTERED NUMBER: 09334630)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Storik 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.

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.
Tools & equipment - 25% on reducing balance
Fixtures & fittings - 15% on reducing balance
Office equipment - 25% on cost

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.

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the relevant lease except where another more systematic basis if more representative of the time pattern in which economic benefits from the leases asset are consumed.

STORIK LIMITED (REGISTERED NUMBER: 09334630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Tools & Fixtures Office
equipment & fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 30,915 987 830 32,732
Additions 8,785 - 192 8,977
At 31 December 2024 39,700 987 1,022 41,709
DEPRECIATION
At 1 January 2024 16,381 402 718 17,501
Charge for year 5,837 88 85 6,010
At 31 December 2024 22,218 490 803 23,511
NET BOOK VALUE
At 31 December 2024 17,482 497 219 18,198
At 31 December 2023 14,534 585 112 15,231

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,825 -
Other debtors 1,240 1,000
Prepayments 452 1,058
11,517 2,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,783 3,690
Hire purchase contracts (see note 8) 2,015 -
Trade creditors 143 356
Corporation tax 2,841 5,982
Social security and other taxes 5,617 7,940
Directors' current accounts 1,735 80
Accrued expenses 1,334 1,366
17,468 19,414

STORIK LIMITED (REGISTERED NUMBER: 09334630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,927 3,783
Bank loans - 2-5 years - 1,927
Hire purchase contracts (see note 8) 839 -
2,766 5,710

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 2,015 -
Between one and five years 839 -
2,854 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 9,000 20,848
Between one and five years - 9,000
9,000 29,848

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bounce Back Loan 5,710 9,399

The Bounce Back Loan is secured by the UK government.