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REGISTERED NUMBER: 03511603 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

TWO A'S PATISSERIE LIMITED

TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TWO A'S PATISSERIE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr A G Ioannou
Mrs M Ioannou





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 03511603 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certifed Accountants
Solar House
282 Chase Road
London
N14 6NZ

TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,312 97,014

CURRENT ASSETS
Stocks 5 8,607 8,450
Debtors 6 426,043 336,205
Cash at bank and in hand 90,968 47,138
525,618 391,793
CREDITORS
Amounts falling due within one year 7 158,508 128,253
NET CURRENT ASSETS 367,110 263,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

453,422

360,554

CREDITORS
Amounts falling due after more than one
year

8

80,342

41,250
NET ASSETS 373,080 319,304

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 372,980 319,204
SHAREHOLDERS' FUNDS 373,080 319,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

BALANCE SHEET - continued
28 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





Mr A G Ioannou - Director


TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Two A's Patisserie Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts derived from the sale of goods to customers during the year, and is recognised at the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 439,158 14,043 6,462 459,663
Additions - - 299 299
At 28 February 2023 439,158 14,043 6,761 459,962
DEPRECIATION
At 1 March 2022 350,320 8,817 3,512 362,649
Charge for year 8,883 1,306 812 11,001
At 28 February 2023 359,203 10,123 4,324 373,650
NET BOOK VALUE
At 28 February 2023 79,955 3,920 2,437 86,312
At 28 February 2022 88,838 5,226 2,950 97,014

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 March 2022
and 28 February 2023 42,942
DEPRECIATION
At 1 March 2022 38,245
Charge for year 469
At 28 February 2023 38,714
NET BOOK VALUE
At 28 February 2023 4,228
At 28 February 2022 4,697

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 8,607 8,450

TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 83,301 66,540
Other debtors 7,000 7,000
Amounts due from related party 327,981 255,435
VAT 4,937 4,694
Prepayments 2,824 2,536
426,043 336,205

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts (see note 9) 5,000 5,000
Trade creditors 40,691 35,782
Corporation tax payable 99,756 76,769
Social security and other taxes 4,314 2,224
Pensions 516 46
Accruals and deferred income 8,231 8,432
158,508 128,253

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans (see note 9) 36,250 41,250
Other loans (see note 9) 44,092 -
80,342 41,250

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,250 21,250

9. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,000 5,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,000 5,000

TWO A'S PATISSERIE LIMITED (REGISTERED NUMBER: 03511603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


9. LOANS - continued
28.2.23 28.2.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 15,000 15,000
Other loans 44,092 -
59,092 15,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,250 21,250

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100