Sthaler Limited - Accounts to registrar (filleted) - small 18.2
Sthaler Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2021 |
| for |
| Sthaler Limited |
| Sthaler Limited (Registered number: 08161567) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Sthaler Limited |
| Company Information |
| for the Year Ended 31 December 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 4 Riverview |
| Walnut Tree Close |
| Guildford |
| Surrey |
| GU1 4UX |
| Sthaler Limited (Registered number: 08161567) |
| Balance Sheet |
| 31 December 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Sthaler Limited (Registered number: 08161567) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2021 |
| 1. | STATUTORY INFORMATION |
| Sthaler Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Licences |
| The company's policy is to capitalise licences on acquisition and amortise over their useful life on a straight line basis. |
| Development costs |
| The company's policy is to capitalise development expenditure as incurred and amortise over the expected life of the project from the commencement of its commercial production. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| 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. |
| Sthaler Limited (Registered number: 08161567) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2021 |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | INTANGIBLE FIXED ASSETS |
| Patents |
| and | Development |
| licences | costs | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2021 |
| Additions |
| At 31 December 2021 |
| AMORTISATION |
| At 1 January 2021 |
| Amortisation for year |
| At 31 December 2021 |
| NET BOOK VALUE |
| At 31 December 2021 |
| At 31 December 2020 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2021 |
| Additions |
| At 31 December 2021 |
| DEPRECIATION |
| At 1 January 2021 |
| Charge for year |
| At 31 December 2021 |
| NET BOOK VALUE |
| At 31 December 2021 |
| At 31 December 2020 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Taxation and social security | ( |
) | ( |
) |
| Other creditors |
| Within Other Creditors, there is an unsecured Loan for £1,615,000. |
| Sthaler Limited (Registered number: 08161567) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2021 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | £0.000001 | 230 | 216 |
| Ordinary shares of £0.000001 were allotted as fully paid in the period in six tranches at the following share premiums. |
| Date | Share | Premium |
| 04/02/2021 | 6,379,322 | 0.2320 |
| 25/03/2021 | 3,480,743 | 0.2320 |
| 05/04/2021 | 646,551 | 0.2320 |
| 24/06/2021 | 74,000 | 0.0159 |
| 13/07/2021 | 239,935 | 0.2084 |
| 15/07/2021 | 3,775,862 | 0.2320 |
| 10. | RELATED PARTY DISCLOSURES |
| CQRS Limited |
| A Company in which the director Q C M Solt is a shareholder. |
| During the year, consultancy fees of £6,000 (2020: £6,000). |
| Michael Norton Consulting Company Limited |
| A company in which the director M Norton is a shareholder. |
| During the year, consultancy fees of £12,000 (2020: £12,000) were paid. |
| Unicorn Venture Capital |
| A company in which the director M Dobbs-Higginson is a shareholder. |
| During the year, consultancy fees of £3,000 (2020:18,000) were paid. |
| 11. | POST BALANCE SHEET EVENTS |
| On 20 January 2022 the company issued 1,724,136 ordinary £0.000001 shares at a price of £0.232. Also on 20 January 2022, company issued 1,903,975 ordinary shares at a price of £0.2366. As a result, the number of ordinary shares allotted is 233,927,194 with an aggregate nominal value of £233.927194. |