STRINGYBARK LTD

STRINGYBARK LTD

STRINGYBARK LTD - Company Information

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STRINGYBARK LTD

Company Registration Number:
07938279 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2021

Period of accounts

Start date: 27 February 2020

End date: 28 February 2021

STRINGYBARK LTD

Contents of the Financial Statements

for the Period Ended 28 February 2021

Balance sheet
Notes

STRINGYBARK LTD

Balance sheet

As at 28 February 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 28,146 34,013
Total fixed assets: 28,146 34,013
Current assets
Stocks: 2,280 2,250
Debtors:   222,721 77,975
Cash at bank and in hand: 469,876 1,076,586
Total current assets: 694,877 1,156,811
Creditors: amounts falling due within one year: 4 (473,939) (1,047,972)
Net current assets (liabilities): 220,938 108,839
Total assets less current liabilities: 249,084 142,852
Creditors: amounts falling due after more than one year:   (61,789) (22,184)
Provision for liabilities: (5,348) (6,462)
Total net assets (liabilities): 181,947 114,206
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 181,945 114,204
Shareholders funds: 181,947 114,206

The notes form part of these financial statements

STRINGYBARK LTD

Balance sheet statements

For the year ending 28 February 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 February 2022
and signed on behalf of the board by:

Name: D Ackland-Snow
Status: Director

The notes form part of these financial statements

STRINGYBARK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

STRINGYBARK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2021

2. Employees

2021 2020
Average number of employees during the period 44 36

STRINGYBARK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2021

3. Tangible Assets

Total
Cost £
At 27 February 2020 66,105
Additions 6,493
At 28 February 2021 72,598
Depreciation
At 27 February 2020 32,092
Charge for year 12,360
At 28 February 2021 44,452
Net book value
At 28 February 2021 28,146
At 26 February 2020 34,013

STRINGYBARK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2021

4. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loansand other financial liabilities are initially recognised at transaction price net of any transaction costsand subsequently measured at amortised cost determined using the effective interest method.

STRINGYBARK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2021

5. Related party transactions

Name of the related party:
Relationship:
employee
Description of the Transaction: During the year, a total of £46,500 was loaned to L Ackland-Snow, an employee who is also related to the directors in office.
£
Balance at 27 February 2020 0
Balance at 28 February 2021 46,500