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REGISTERED NUMBER: NI656801 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

FOR

WEE TOAST LIMITED

WEE TOAST LIMITED (REGISTERED NUMBER: NI656801)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


WEE TOAST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2022







DIRECTORS: R Kenna
Ms J G Kenna





REGISTERED OFFICE: Spencer House
7-11 Lower Garfield Street
Belfast
BT1 1FT





REGISTERED NUMBER: NI656801 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

WEE TOAST LIMITED (REGISTERED NUMBER: NI656801)

BALANCE SHEET
31 JULY 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,936 15,840

CURRENT ASSETS
Debtors 5 50,139 42,907
Cash at bank 1,463 22,904
51,602 65,811
CREDITORS
Amounts falling due within one year 6 95,249 34,513
NET CURRENT (LIABILITIES)/ASSETS (43,647 ) 31,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,711

)

47,138

CREDITORS
Amounts falling due after more than one
year

7

(34,135

)

(37,787

)

PROVISIONS FOR LIABILITIES (2,268 ) -
NET (LIABILITIES)/ASSETS (68,114 ) 9,351

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (68,116 ) 9,349
(68,114 ) 9,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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.

WEE TOAST LIMITED (REGISTERED NUMBER: NI656801)

BALANCE SHEET - continued
31 JULY 2022


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 Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





Ms J G Kenna - Director


WEE TOAST LIMITED (REGISTERED NUMBER: NI656801)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022


1. STATUTORY INFORMATION

Wee Toast Limited is a private company, limited by shares , registered in Northern Ireland. 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
The financial statements have been prepared on the going concern basis.

The shareholders and the directors have indicated that the necessary support is available and will continue to be so for a period of at least one year from the signing of these financial statements. The financial statements do not include any adjustments that would result if this support was withdrawn.

COVID-19 has caused significant disruption to economic activity worldwide, which has significantly impacted globally on a large number of businesses and their operations. At this stage, there has been negligible impact on the business, and the directors believe in the short to medium term, based on the information available, the company will continue to operate as a viable going concern.

Due to the nature of the event, and the large number of uncertain variables involved, it is not possible at this stage to determine the longer-term implications of the event on the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 and 20% on cost

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.

Deferred tax
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 5 ) .

WEE TOAST LIMITED (REGISTERED NUMBER: NI656801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2021
and 31 July 2022 16,287
DEPRECIATION
At 1 August 2021 447
Charge for year 3,904
At 31 July 2022 4,351
NET BOOK VALUE
At 31 July 2022 11,936
At 31 July 2021 15,840

5. DEBTORS
31.7.22 31.7.21
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 20,705 -
Other debtors 29,434 38,404
50,139 38,404

Amounts falling due after more than one year:
Other debtors - 4,503

Aggregate amounts 50,139 42,907

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Bank loans and overdrafts 11,274 11,274
Trade creditors 3,522 -
Amounts owed to group undertakings - 4,638
Taxation and social security 74,399 8,205
Other creditors 6,054 10,396
95,249 34,513

WEE TOAST LIMITED (REGISTERED NUMBER: NI656801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.22 31.7.21
£    £   
Bank loans 34,135 37,787