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REGISTERED NUMBER: 04564670 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BUTTERCUP TRADING LIMITED

BUTTERCUP TRADING LIMITED (REGISTERED NUMBER: 04564670)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUTTERCUP TRADING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: N Akhaveissy





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 04564670 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

BUTTERCUP TRADING LIMITED (REGISTERED NUMBER: 04564670)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,500 24,500
Tangible assets 5 90,235 98,850
114,735 123,350

CURRENT ASSETS
Stocks 2,334 1,904
Debtors 6 873 11,135
3,207 13,039
CREDITORS
Amounts falling due within one year 7 36,665 21,210
NET CURRENT LIABILITIES (33,458 ) (8,171 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,277

115,179

CREDITORS
Amounts falling due after more than one year 8 (67,882 ) (91,562 )

PROVISIONS FOR LIABILITIES (8,210 ) (9,372 )
NET ASSETS 5,185 14,245

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,085 14,145
SHAREHOLDERS' FUNDS 5,185 14,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BUTTERCUP TRADING LIMITED (REGISTERED NUMBER: 04564670)

BALANCE SHEET - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 August 2023 and were signed by:





N Akhaveissy - Director


BUTTERCUP TRADING LIMITED (REGISTERED NUMBER: 04564670)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Buttercup Trading Limited is a company incorporated and domiciled in England and has its registered office and principal place of business at 66 Newbegin, Hornsea, East Yorkshire HU18 1AD.

The principal activity of the company in the year under review was that of a fast food take-away.

The presentational currency of the financial statements is Pounds Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the director, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts. Turnover is recognised at point of sale.

Goodwill
Goodwill has been amortised to a book value of £24,500 which the director considers to represent the reasonable current value.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost, 15% on cost, 10% on cost and 7.5% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

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.


BUTTERCUP TRADING LIMITED (REGISTERED NUMBER: 04564670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
Taxation
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 86,249
AMORTISATION
At 1 April 2022
and 31 March 2023 61,749
NET BOOK VALUE
At 31 March 2023 24,500
At 31 March 2022 24,500

BUTTERCUP TRADING LIMITED (REGISTERED NUMBER: 04564670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 121,108
Additions 1,806
At 31 March 2023 122,914
DEPRECIATION
At 1 April 2022 22,258
Charge for year 10,421
At 31 March 2023 32,679
NET BOOK VALUE
At 31 March 2023 90,235
At 31 March 2022 98,850

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 379 -
VAT - 10,830
Prepayments 494 305
873 11,135

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,149 25,378
Trade creditors 202 296
Taxation and social security (2,171 ) (10,202 )
Other creditors 13,485 5,738
36,665 21,210

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 67,882 91,562

BUTTERCUP TRADING LIMITED (REGISTERED NUMBER: 04564670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Loans due 2 - 5 years 43,335 67,266

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 4,850 4,850
Between one and five years 14,550 19,400
19,400 24,250