Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.122020-12-01falseNo description of principal activity16truetrue 09215452 2020-12-01 2021-11-30 09215452 2019-12-01 2020-11-30 09215452 2021-11-30 09215452 2020-11-30 09215452 c:Director1 2020-12-01 2021-11-30 09215452 d:Buildings d:LongLeaseholdAssets 2020-12-01 2021-11-30 09215452 d:Buildings d:LongLeaseholdAssets 2021-11-30 09215452 d:Buildings d:LongLeaseholdAssets 2020-11-30 09215452 d:PlantMachinery 2020-12-01 2021-11-30 09215452 d:PlantMachinery 2021-11-30 09215452 d:PlantMachinery 2020-11-30 09215452 d:PlantMachinery d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 09215452 d:FurnitureFittings 2020-12-01 2021-11-30 09215452 d:ComputerEquipment 2020-12-01 2021-11-30 09215452 d:ComputerEquipment 2021-11-30 09215452 d:ComputerEquipment 2020-11-30 09215452 d:ComputerEquipment d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 09215452 d:OwnedOrFreeholdAssets 2020-12-01 2021-11-30 09215452 d:CurrentFinancialInstruments 2021-11-30 09215452 d:CurrentFinancialInstruments 2020-11-30 09215452 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 09215452 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 09215452 d:ShareCapital 2021-11-30 09215452 d:ShareCapital 2020-11-30 09215452 d:SharePremium 2021-11-30 09215452 d:SharePremium 2020-11-30 09215452 d:CapitalRedemptionReserve 2021-11-30 09215452 d:CapitalRedemptionReserve 2020-11-30 09215452 d:RetainedEarningsAccumulatedLosses 2021-11-30 09215452 d:RetainedEarningsAccumulatedLosses 2020-11-30 09215452 c:OrdinaryShareClass1 2020-12-01 2021-11-30 09215452 c:OrdinaryShareClass1 2021-11-30 09215452 c:OrdinaryShareClass1 2020-11-30 09215452 c:FRS102 2020-12-01 2021-11-30 09215452 c:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 09215452 c:FullAccounts 2020-12-01 2021-11-30 09215452 c:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09215452










BAD BROWNIE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2021

 
BAD BROWNIE LTD
REGISTERED NUMBER: 09215452

BALANCE SHEET
AS AT 30 NOVEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
301,583
27,595

  
301,583
27,595

Current assets
  

Stocks
  
64,173
36,215

Debtors: amounts falling due within one year
 5 
173,831
112,783

Cash at bank and in hand
 6 
1,022,630
841,870

  
1,260,634
990,868

Creditors: amounts falling due within one year
 7 
(344,954)
(276,475)

Net current assets
  
 
 
915,680
 
 
714,393

Total assets less current liabilities
  
1,217,263
741,988

  

Net assets
  
1,217,263
741,988


Capital and reserves
  

Called up share capital 
 8 
100
100

Share premium account
  
59,957
59,957

Capital redemption reserve
  
43
43

Profit and loss account
  
1,157,163
681,888

  
1,217,263
741,988


Page 1

 
BAD BROWNIE LTD
REGISTERED NUMBER: 09215452
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Ekanger
Director

Date: 12 September 2022

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BAD BROWNIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1.


General information

Bad Brownie Limited is a private limited company limited by share capital, incorporated in England and Wales, registration number 09215452.
The registered office address is Unit 9 Silverdale Road Industrial Estate, Silverdale Road, Hayes, England, UB3 3BL.
The principle activity was that of the manufacture of fresh pastry goods and cakes.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
BAD BROWNIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
BAD BROWNIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
Staight line
Plant and machinery
-
20%
Straight line
Fixtures and fittings
-
20%
Straight line
Computer equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Page 5

 
BAD BROWNIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)


2.12
Financial instruments (continued)


 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2020 - 12).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2020
-
74,618
9,530
84,148


Additions
91,799
199,314
5,993
297,106



At 30 November 2021

91,799
273,932
15,523
381,254



Depreciation


At 1 December 2020
-
52,139
4,413
56,552


Charge for the year on owned assets
765
20,167
2,187
23,119



At 30 November 2021

765
72,306
6,600
79,671



Net book value



At 30 November 2021
91,034
201,626
8,923
301,583



At 30 November 2020
-
22,479
5,116
27,595

Page 6

 
BAD BROWNIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

5.


Debtors

2021
2020
£
£


Trade debtors
15,944
22,461

Other debtors
157,269
89,704

Prepayments and accrued income
618
618

173,831
112,783



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
1,022,630
841,870

1,022,630
841,870



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
182,353
89,608

Corporation tax
65,340
143,080

Other taxation and social security
20,219
12,886

Other creditors
72,917
26,776

Accruals and deferred income
4,125
4,125

344,954
276,475



8.


Share capital

2021
2020
£
£
Authorised, allotted, called up and fully paid



100 (2020 - 100) Ordinary shares shares of £1.00 each
100
100




Page 7

 
BAD BROWNIE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £169,005 (2020 - £5,066) . Contributions totalling £1,198 (2020 - £875) were payable to the fund at the balance sheet date and are iincluded in creditors.

 
Page 8