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REGISTERED NUMBER: 08104840 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Sketchtwenty3 Limited

Sketchtwenty3 Limited (Registered number: 08104840)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sketchtwenty3 Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: T R Wilman





REGISTERED OFFICE: Unit E8, 4th Floor
Pear Industrial Estate
Stockport Road West
Bredbury, Stockport
Cheshire
SK6 2BP





REGISTERED NUMBER: 08104840 (England and Wales)





ACCOUNTANTS: Pareto Tax & Wealth LLP
The Old Schoolhouse
5-7 Byrom Street
Manchester
M3 4PF

Sketchtwenty3 Limited (Registered number: 08104840)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 51,514 53,590
Tangible assets 5 44,937 51,553
96,451 105,143

CURRENT ASSETS
Stocks 570,486 588,410
Debtors 6 156,025 118,344
Cash at bank and in hand 96,193 31,145
822,704 737,899
CREDITORS
Amounts falling due within one year 7 434,110 308,471
NET CURRENT ASSETS 388,594 429,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,045

534,571

CREDITORS
Amounts falling due after more than one
year

8

(47,655

)

(110,271

)

PROVISIONS FOR LIABILITIES (8,538 ) (9,795 )
NET ASSETS 428,852 414,505

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 428,752 414,405
SHAREHOLDERS' FUNDS 428,852 414,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Sketchtwenty3 Limited (Registered number: 08104840)

Balance Sheet - continued
30 September 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 director and authorised for issue on 23 June 2025 and were signed by:





T R Wilman - Director


Sketchtwenty3 Limited (Registered number: 08104840)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Sketchtwenty3 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on 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 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.

Sketchtwenty3 Limited (Registered number: 08104840)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 October 2023 3,000 61,618 64,618
Additions - 15,508 15,508
At 30 September 2024 3,000 77,126 80,126
AMORTISATION
At 1 October 2023 600 10,428 11,028
Charge for year 600 16,984 17,584
At 30 September 2024 1,200 27,412 28,612
NET BOOK VALUE
At 30 September 2024 1,800 49,714 51,514
At 30 September 2023 2,400 51,190 53,590

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 160,455
Additions 11,338
At 30 September 2024 171,793
DEPRECIATION
At 1 October 2023 108,902
Charge for year 17,954
At 30 September 2024 126,856
NET BOOK VALUE
At 30 September 2024 44,937
At 30 September 2023 51,553

Sketchtwenty3 Limited (Registered number: 08104840)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 141,095 94,488
Other debtors 14,930 23,856
156,025 118,344

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 55,908 49,200
Trade creditors 188,908 85,294
Taxation and social security 7,626 3,352
Other creditors 181,668 170,625
434,110 308,471

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 47,655 110,271

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 103,563 159,471

The bank loan is secured by a fixed and floating charge over the company's assets.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 30 September 2024, the company owed £163,248 (2023: £163,248) to T Wilman, director.
The amount is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T R Wilman.