Stick & Ribbon Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07268441 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

Stick & Ribbon Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mrs S Longden

I Longden

SECRETARY:

Mrs S Longden

REGISTERED OFFICE:

33 The Pingle

Quorn

Loughborough

Leicestershire

LE12 8FQ

REGISTERED NUMBER:

07268441 (England and Wales)

ACCOUNTANTS:

RT Accountancy Services Limited

3 Fernleigh Business Park

Blaby Road

Enderby

Leicester

Leicestershire

LE19 4AQ

FIXED ASSETS

Tangible assets

4

3,425

4,281

CURRENT ASSETS

Stocks

124,163

104,463

Debtors

5

16,858

1,574

Cash in hand

3,947

2,939

144,968

108,976

CREDITORS

Amounts falling due within one year

6

(190,355

)

(161,302

)

NET CURRENT LIABILITIES

(45,387

)

(52,326

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,962

)

(48,045

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(41,964

)

(48,047

)

SHAREHOLDERS' FUNDS

(41,962

)

(48,045

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 27 February 2018 and were signed on its behalf by:

Mrs S Longden - Director

1.	STATUTORY INFORMATION

Stick & Ribbon Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Fixtures fittings and equipment

-

20% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

fittings

and

equipment

£

COST

At 1 June 2016

and 31 May 2017

12,258

DEPRECIATION

At 1 June 2016

7,977

Charge for year

856

At 31 May 2017

8,833

NET BOOK VALUE

At 31 May 2017

3,425

At 31 May 2016

4,281

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

16,858

1,574

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

24,225

27,070

Trade creditors

17,063

15,255

Taxation and social security

-

9,044

Other creditors

149,067

109,933

190,355

161,302

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdrafts

24,225

27,070

The following reproduces the text of the report prepared for the directors and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement

and certain other primary statements and the Report of the Directors are not required to be filed with

the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2017 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

RT Accountancy Services Limited

3 Fernleigh Business Park

Blaby Road

Enderby

Leicester

Leicestershire

LE19 4AQ

27 February 2018