Company Registration No. 06474540 (England and Wales)
School Stickers Holdings Limited
Unaudited accounts
for the year ended 31 December 2022
School Stickers Holdings Limited
Unaudited accounts
Contents
School Stickers Holdings Limited
Company Information
for the year ended 31 December 2022
Directors
Mr Neil Philip Hodges
Mr Alistair John Tillen
Company Number
06474540 (England and Wales)
Registered Office
3 BROOK BUSINESS CENTRE
ICKNIELD STREET
BEOLEY
B98 9AL
ENGLAND
Accountants
Harris Singleton Accountants & Business Advisers
Union House, 111 New Union Street
Coventry
CV1 2NT
School Stickers Holdings Limited
Accountants' report
Accountants' report to the board of directors of School Stickers Holdings Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2022.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 December 2022. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Harris Singleton Accountants & Business Advisers
Union House, 111 New Union Street
Coventry
CV1 2NT
25 August 2023
School Stickers Holdings Limited
Statement of financial position
as at 31 December 2022
Creditors: amounts falling due within one year
(35,000)
(35,000)
Net current assets
95,080
95,080
Net assets
101,080
101,080
Called up share capital
121,700
121,700
Share premium
29,700
29,700
Profit and loss account
(50,320)
(50,320)
Shareholders' funds
101,080
101,080
For the year ending 31 December 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2023 and were signed on its behalf by
Mr Alistair John Tillen
Director
Company Registration No. 06474540
School Stickers Holdings Limited
Notes to the Accounts
for the year ended 31 December 2022
School Stickers Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 06474540. The registered office is 3 BROOK BUSINESS CENTRE, ICKNIELD STREET, BEOLEY, B98 9AL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
School Stickers Holdings Limited
Notes to the Accounts
for the year ended 31 December 2022
4
Investments
Subsidiary undertakings
Valuation at 1 January 2022
6,000
Valuation at 31 December 2022
6,000
Amounts falling due within one year
Amounts due from group undertakings etc.
130,030
130,030
6
Creditors: amounts falling due within one year
2022
2021
Amounts owed to group undertakings and other participating interests
35,000
35,000
7
Transactions with related parties
Included within other debtors is an amount due from Birmingham Education Consultants Limited, a related party, of £130,030 (2021: £130,030).
Included within other creditors is an amount due to Carrot Rewards Limited, the parent company, of £35,000 (2021: £35,000).
The parent company is Carrot Rewards Limited, who owns 100 percent of the share capital.
The ultimate controlling party is Mr A J Tillen, who is the majority shareholder of Carrot Rewards
Limited.
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).