12 false false false false false false false false false false true false false true true true true 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 27,200 8,160 2,720 10,880 16,320 19,040 xbrli:pure xbrli:shares iso4217:GBP 11825616 2022-04-01 2023-03-31 11825616 2023-03-31 11825616 2022-03-31 11825616 2021-04-01 2022-03-31 11825616 2022-03-31 11825616 2021-03-31 11825616 core:NetGoodwill 2022-04-01 2023-03-31 11825616 core:PlantMachinery 2022-04-01 2023-03-31 11825616 core:MotorVehicles 2022-04-01 2023-03-31 11825616 bus:Director2 2022-04-01 2023-03-31 11825616 bus:Director3 2022-04-01 2023-03-31 11825616 core:WithinOneYear 2023-03-31 11825616 core:WithinOneYear 2022-03-31 11825616 core:NetGoodwill 2022-03-31 11825616 core:NetGoodwill 2023-03-31 11825616 core:PlantMachinery 2022-03-31 11825616 core:MotorVehicles 2022-03-31 11825616 core:PlantMachinery 2023-03-31 11825616 core:MotorVehicles 2023-03-31 11825616 core:ShareCapital 2023-03-31 11825616 core:ShareCapital 2022-03-31 11825616 core:RetainedEarningsAccumulatedLosses 2023-03-31 11825616 core:RetainedEarningsAccumulatedLosses 2022-03-31 11825616 core:NetGoodwill 2022-03-31 11825616 core:PlantMachinery 2022-03-31 11825616 core:MotorVehicles 2022-03-31 11825616 bus:Director3 2022-03-31 11825616 bus:Director3 2023-03-31 11825616 bus:Director3 2021-03-31 11825616 bus:Director3 2022-03-31 11825616 bus:Director3 2021-04-01 2022-03-31 11825616 bus:Director1 2022-04-01 2023-03-31 11825616 bus:SmallEntities 2022-04-01 2023-03-31 11825616 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11825616 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11825616 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11825616 bus:FullAccounts 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 11825616
Treats (BOS) Limited
Filleted Unaudited Financial Statements
31 March 2023
Treats (BOS) Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
£
Fixed assets
Intangible assets
5
16,320
19,040
Tangible assets
6
11,606
21,196
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
27,926
40,236
Current assets
Stocks
750
750
Cash at bank and in hand
31,252
91,623
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
32,002
92,373
Creditors: amounts falling due within one year
7
8,086
51,999
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
Net current assets
23,916
40,374
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
Total assets less current liabilities
51,842
80,610
Provisions
3,300
1,673
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
Net assets
48,542
78,937
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
Treats (BOS) Limited
Statement of Financial Position (continued)
31 March 2023
2023
2022
Note
£
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
48,442
78,837
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
Shareholders funds
48,542
78,937
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 9 October 2023 , and are signed on behalf of the board by:
Mr G Havercroft
Director
Company registration number: 11825616
Treats (BOS) Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 80 Oxford Street, Burnham-on-sea, Somerset, TA8 1EF. The principal activities of the company during the year was that of Food takeaway and delivery.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2022: 12 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
27,200
ÍÍÍÍÍÍÍÍ
Amortisation
At 1 April 2022
8,160
Charge for the year
2,720
ÄÄÄÄÄÄÄÄ
At 31 March 2023
10,880
ÍÍÍÍÍÍÍÍ
Carrying amount
At 31 March 2023
16,320
ÍÍÍÍÍÍÍÍ
At 31 March 2022
19,040
ÍÍÍÍÍÍÍÍ
6. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 April 2022
20,040
15,225
35,265
Additions
2,244
2,244
Disposals
( 1,372)
( 1,372)
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
At 31 March 2023
20,912
15,225
36,137
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
Depreciation
At 1 April 2022
10,363
3,706
14,069
Charge for the year
6,465
4,506
10,971
Disposals
( 509)
( 509)
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
At 31 March 2023
16,319
8,212
24,531
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
Carrying amount
At 31 March 2023
4,593
7,013
11,606
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
At 31 March 2022
9,677
11,519
21,196
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
7. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
3,200
1,500
Corporation tax
2,078
9,216
Social security and other taxes
2,775
6,153
Director loan accounts
33
35,130
ÄÄÄÄÄÄÄ
ÄÄÄÄÄÄÄÄ
8,086
51,999
ÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
The Director
( 35,130)
( 36,038)
71,135
( 33)
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
ÍÍÍÍ
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
The Director
( 25,189)
( 49,020)
39,079
( 35,130)
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ
ÍÍÍÍÍÍÍÍ