Acorah Software Products - Accounts Production 16.5.460 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 10644313 Mrs Nichola Allebone Mr Stephen Allebone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10644313 2024-02-29 10644313 2025-02-28 10644313 2024-03-01 2025-02-28 10644313 frs-core:Non-currentFinancialInstruments 2025-02-28 10644313 frs-core:BetweenOneFiveYears 2025-02-28 10644313 frs-core:ComputerEquipment 2024-03-01 2025-02-28 10644313 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-01 2025-02-28 10644313 frs-core:FurnitureFittings 2024-03-01 2025-02-28 10644313 frs-core:NetGoodwill 2024-03-01 2025-02-28 10644313 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 10644313 frs-core:MotorVehicles 2024-03-01 2025-02-28 10644313 frs-core:PlantMachinery 2024-03-01 2025-02-28 10644313 frs-core:WithinOneYear 2025-02-28 10644313 frs-core:ShareCapital 2025-02-28 10644313 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 10644313 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10644313 frs-bus:AbridgedAccounts 2024-03-01 2025-02-28 10644313 frs-bus:SmallEntities 2024-03-01 2025-02-28 10644313 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 10644313 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10644313 frs-bus:Director1 2024-03-01 2025-02-28 10644313 frs-bus:Director2 2024-03-01 2025-02-28 10644313 frs-countries:EnglandWales 2024-03-01 2025-02-28 10644313 2023-02-28 10644313 2024-02-29 10644313 2023-03-01 2024-02-29 10644313 frs-core:Non-currentFinancialInstruments 2024-02-29 10644313 frs-core:BetweenOneFiveYears 2024-02-29 10644313 frs-core:WithinOneYear 2024-02-29 10644313 frs-core:ShareCapital 2024-02-29 10644313 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 10644313
Sticky Traders Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2025
Coopers&Co
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 10644313
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,416 27,416
Tangible Assets 5 109,653 90,455
130,069 117,871
CURRENT ASSETS
Stocks 20,000 25,000
Debtors 63,990 88,500
Cash at bank and in hand 8,088 21,554
92,078 135,054
Creditors: Amounts Falling Due Within One Year (158,762 ) (182,598 )
NET CURRENT ASSETS (LIABILITIES) (66,684 ) (47,544 )
TOTAL ASSETS LESS CURRENT LIABILITIES 63,385 70,327
Creditors: Amounts Falling Due After More Than One Year (41,339 ) (46,414 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (550 )
NET ASSETS 22,046 23,363
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 22,036 23,353
SHAREHOLDERS' FUNDS 22,046 23,363
Page 1
Page 2
For the year ending 28 February 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 28 February 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Stephen Allebone
Director
19th August 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Sticky Traders Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10644313 . The registered office is 18 Low Farm Place, Moulton Park Industrial Estate, Northampton, Northamptonshire, NN3 6HY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumlated amortisation and any accumulated impairment losses.
Business acquisition costs which have now been fully amortised were amortised over their estimated useful life of three years.
Business information which has now been fully amortised was amortised over it's estimated useful life of three years.
2.5. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold property not depreciated
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
Page 3
Page 4
2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.8. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Total
£
Cost
As at 1 March 2024 73,300
As at 28 February 2025 73,300
Amortisation
As at 1 March 2024 45,884
Provided during the period 7,000
As at 28 February 2025 52,884
Net Book Value
As at 28 February 2025 20,416
As at 1 March 2024 27,416
Page 4
Page 5
5. Tangible Assets
Total
£
Cost
As at 1 March 2024 96,437
Additions 26,799
Disposals (2,500 )
As at 28 February 2025 120,736
Depreciation
As at 1 March 2024 5,982
Provided during the period 7,165
Disposals (2,064 )
As at 28 February 2025 11,083
Net Book Value
As at 28 February 2025 109,653
As at 1 March 2024 90,455
6. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,299 -
Later than one year and not later than five years 16,339 -
21,638 -
21,638 -
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
Page 5