2022-03-012023-02-282023-02-28false10030470SWEET MANAGEMENT LTD2023-11-1782990iso4217:GBPxbrli:pure100304702022-03-01100304702023-02-28100304702022-03-012023-02-28100304702021-03-01100304702022-02-28100304702021-03-012022-02-2810030470bus:SmallEntities2022-03-012023-02-2810030470bus:AuditExempt-NoAccountantsReport2022-03-012023-02-2810030470bus:AbridgedAccounts2022-03-012023-02-2810030470bus:PrivateLimitedCompanyLtd2022-03-012023-02-2810030470core:WithinOneYear2023-02-2810030470core:AfterOneYear2023-02-2810030470core:WithinOneYear2022-02-2810030470core:AfterOneYear2022-02-2810030470core:ShareCapital2023-02-2810030470core:SharePremium2023-02-2810030470core:RevaluationReserve2023-02-2810030470core:OtherReservesSubtotal2023-02-2810030470core:RetainedEarningsAccumulatedLosses2023-02-2810030470core:ShareCapital2022-02-2810030470core:SharePremium2022-02-2810030470core:RevaluationReserve2022-02-2810030470core:OtherReservesSubtotal2022-02-2810030470core:RetainedEarningsAccumulatedLosses2022-02-2810030470core:LandBuildings2023-02-2810030470core:PlantMachinery2023-02-2810030470core:Vehicles2023-02-2810030470core:FurnitureFittings2023-02-2810030470core:OfficeEquipment2023-02-2810030470core:NetGoodwill2023-02-2810030470core:IntangibleAssetsOtherThanGoodwill2023-02-2810030470core:ListedExchangeTraded2023-02-2810030470core:UnlistedNon-exchangeTraded2023-02-2810030470core:LandBuildings2022-02-2810030470core:PlantMachinery2022-02-2810030470core:Vehicles2022-02-2810030470core:FurnitureFittings2022-02-2810030470core:OfficeEquipment2022-02-2810030470core:NetGoodwill2022-02-2810030470core:IntangibleAssetsOtherThanGoodwill2022-02-2810030470core:ListedExchangeTraded2022-02-2810030470core:UnlistedNon-exchangeTraded2022-02-2810030470core:LandBuildings2022-03-012023-02-2810030470core:PlantMachinery2022-03-012023-02-2810030470core:Vehicles2022-03-012023-02-2810030470core:FurnitureFittings2022-03-012023-02-2810030470core:OfficeEquipment2022-03-012023-02-2810030470core:NetGoodwill2022-03-012023-02-2810030470core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2810030470core:ListedExchangeTraded2022-03-012023-02-2810030470core:UnlistedNon-exchangeTraded2022-03-012023-02-2810030470core:MoreThanFiveYears2022-03-012023-02-2810030470core:Non-currentFinancialInstruments2023-02-2810030470core:Non-currentFinancialInstruments2022-02-2810030470dpl:CostSales2022-03-012023-02-2810030470dpl:DistributionCosts2022-03-012023-02-2810030470core:LandBuildings2022-03-012023-02-2810030470core:PlantMachinery2022-03-012023-02-2810030470core:Vehicles2022-03-012023-02-2810030470core:FurnitureFittings2022-03-012023-02-2810030470core:OfficeEquipment2022-03-012023-02-2810030470dpl:AdministrativeExpenses2022-03-012023-02-2810030470core:NetGoodwill2022-03-012023-02-2810030470core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2810030470dpl:GroupUndertakings2022-03-012023-02-2810030470dpl:ParticipatingInterests2022-03-012023-02-2810030470dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2810030470core:ListedExchangeTraded2022-03-012023-02-2810030470dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2810030470core:UnlistedNon-exchangeTraded2022-03-012023-02-2810030470dpl:CostSales2021-03-012022-02-2810030470dpl:DistributionCosts2021-03-012022-02-2810030470core:LandBuildings2021-03-012022-02-2810030470core:PlantMachinery2021-03-012022-02-2810030470core:Vehicles2021-03-012022-02-2810030470core:FurnitureFittings2021-03-012022-02-2810030470core:OfficeEquipment2021-03-012022-02-2810030470dpl:AdministrativeExpenses2021-03-012022-02-2810030470core:NetGoodwill2021-03-012022-02-2810030470core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2810030470dpl:GroupUndertakings2021-03-012022-02-2810030470dpl:ParticipatingInterests2021-03-012022-02-2810030470dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-02-2810030470core:ListedExchangeTraded2021-03-012022-02-2810030470dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-02-2810030470core:UnlistedNon-exchangeTraded2021-03-012022-02-2810030470core:NetGoodwill2023-02-2810030470core:IntangibleAssetsOtherThanGoodwill2023-02-2810030470core:LandBuildings2023-02-2810030470core:PlantMachinery2023-02-2810030470core:Vehicles2023-02-2810030470core:FurnitureFittings2023-02-2810030470core:OfficeEquipment2023-02-2810030470core:AfterOneYear2023-02-2810030470core:WithinOneYear2023-02-2810030470core:ListedExchangeTraded2023-02-2810030470core:UnlistedNon-exchangeTraded2023-02-2810030470core:ShareCapital2023-02-2810030470core:SharePremium2023-02-2810030470core:RevaluationReserve2023-02-2810030470core:OtherReservesSubtotal2023-02-2810030470core:RetainedEarningsAccumulatedLosses2023-02-2810030470core:NetGoodwill2022-02-2810030470core:IntangibleAssetsOtherThanGoodwill2022-02-2810030470core:LandBuildings2022-02-2810030470core:PlantMachinery2022-02-2810030470core:Vehicles2022-02-2810030470core:FurnitureFittings2022-02-2810030470core:OfficeEquipment2022-02-2810030470core:AfterOneYear2022-02-2810030470core:WithinOneYear2022-02-2810030470core:Liste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SWEET MANAGEMENT LTD

Registered Number
10030470
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

SWEET MANAGEMENT LTD
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

BEST, Fiona Jane
BEST, William Nicholas

Registered Address

Pier View Pier View
South John Street
New Quay
SA45 9NG

Registered Number

10030470 (England and Wales)
SWEET MANAGEMENT LTD
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets531,50031,500
Tangible assets622,25331,382
53,75362,882
Current assets
Debtors4021,210
Cash at bank and on hand3,4693,342
3,8714,552
Creditors amounts falling due within one year9(56,932)(59,507)
Net current assets (liabilities)(53,061)(54,955)
Total assets less current liabilities6927,927
Net assets6927,927
Capital and reserves
Called up share capital102102
Profit and loss account5907,825
Shareholders' funds6927,927
The financial statements were approved and authorised for issue by the Board of Directors on 17 November 2023, and are signed on its behalf by:
BEST, William Nicholas
Director
Registered Company No. 10030470
SWEET MANAGEMENT LTD
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-4
Fixtures and fittings-10
Office Equipment25-
Revenue recognition policy
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Taxation policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
4.Employee information

20232022
Average number of employees during the year22
5.Intangible assets

Total

£
Cost or valuation
At 01 March 2231,500
At 28 February 2331,500
Net book value
At 28 February 2331,500
At 28 February 2231,500
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 March 2245,296
At 28 February 2345,296
Depreciation and impairment
At 01 March 2213,914
Charge for year9,129
At 28 February 2323,043
Net book value
At 28 February 2322,253
At 28 February 2231,382
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
BEST, William Nicholas(16,271)32,80329,981(13,449)
BEST, Fiona Jane(16,270)32,80329,981(13,448)
(32,541)65,60659,962(26,897)
8.Debtors within one year

2023

2022

££
Other debtors4021,210
Total4021,210
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.
9.Creditors within one year

2023

2022

££
Amounts owed to related parties51,89757,541
Taxation and social security3,078172
Accrued liabilities and deferred income1,9571,794
Total56,93259,507
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.