Registered number
11780815
Ritual Cacao Ltd
Filleted Accounts
31 January 2023
Ritual Cacao Ltd
Registered number: 11780815
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 133 201
Tangible assets 4 9,059 1,397
9,192 1,598
Current assets
Stocks 4,191 4,417
Debtors 5 1,735 11,685
Cash at bank and in hand 20,251 21,709
26,177 37,811
Creditors: amounts falling due within one year 6 (10,424) (8,903)
Net current liabilities 15,753 28,908
Total assets less current liabilities 24,945 30,506
Creditors: amounts falling due after more than one year 7 (33,755) (18,419)
Net liabilities (8,810) 12,087
Capital and reserves
Called up share capital 1 1
Profit and loss account (8,811) 12,086
Shareholder's funds (8,810) 12,087
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Rebekah Shaman
Director
Approved by the board on 13 September 2023
Ritual Cacao Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Intellectual Property
Cost
At 1 February 2022 340
At 31 January 2023 340
Amortisation
At 1 February 2022 139
Provided during the year 68
At 31 January 2023 207
Net book value
At 31 January 2023 133
At 31 January 2022 201
Intangible asset is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 2,226
Additions 9,319
At 31 January 2023 11,545
Depreciation
At 1 February 2022 829
Charge for the year 1,657
At 31 January 2023 2,486
Net book value
At 31 January 2023 9,059
At 31 January 2022 1,397
5 Debtors 2023 2022
£ £
Trade debtors 1,470 11,420
Other debtors 265 265
1,735 11,685
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,307 3,072
Taxation and social security costs (505) 3,241
Other creditors 8,622 2,590
10,424 8,903
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 33,755 18,419
8 Other information
Ritual Cacao Ltd is a private company limited by shares and incorporated in England. Its registered office is:
47 Brailsford Road
Flat 1
London
SW2 2TB
Ritual Cacao Ltd 11780815 false 2022-02-01 2023-01-31 2023-01-31 VT Final Accounts April 2022 Rebekah Shaman No description of principal activity 11780815 2021-02-01 2022-01-31 11780815 core:WithinOneYear 2022-01-31 11780815 core:AfterOneYear 2022-01-31 11780815 core:ShareCapital 2022-01-31 11780815 core:RetainedEarningsAccumulatedLosses 2022-01-31 11780815 2022-02-01 2023-01-31 11780815 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11780815 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11780815 bus:Director40 2022-02-01 2023-01-31 11780815 1 2022-02-01 2023-01-31 11780815 2 2022-02-01 2023-01-31 11780815 core:Goodwill 2022-02-01 2023-01-31 11780815 core:PlantMachinery 2022-02-01 2023-01-31 11780815 countries:England 2022-02-01 2023-01-31 11780815 bus:FRS102 2022-02-01 2023-01-31 11780815 bus:FullAccounts 2022-02-01 2023-01-31 11780815 2023-01-31 11780815 core:WithinOneYear 2023-01-31 11780815 core:AfterOneYear 2023-01-31 11780815 core:ShareCapital 2023-01-31 11780815 core:RetainedEarningsAccumulatedLosses 2023-01-31 11780815 core:Goodwill 2023-01-31 11780815 core:PlantMachinery 2023-01-31 11780815 2022-01-31 11780815 core:Goodwill 2022-01-31 11780815 core:PlantMachinery 2022-01-31 iso4217:GBP xbrli:pure