Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01No description of principal activity3falsetrue 04646559 2022-04-01 2023-03-31 04646559 2021-04-01 2022-03-31 04646559 2023-03-31 04646559 2022-03-31 04646559 c:CompanySecretary1 2022-04-01 2023-03-31 04646559 c:Director1 2022-04-01 2023-03-31 04646559 c:Director2 2022-04-01 2023-03-31 04646559 c:Director3 2022-04-01 2023-03-31 04646559 c:RegisteredOffice 2022-04-01 2023-03-31 04646559 d:CurrentFinancialInstruments 2023-03-31 04646559 d:CurrentFinancialInstruments 2022-03-31 04646559 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04646559 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04646559 d:ShareCapital 2023-03-31 04646559 d:ShareCapital 2022-03-31 04646559 d:RetainedEarningsAccumulatedLosses 2023-03-31 04646559 d:RetainedEarningsAccumulatedLosses 2022-03-31 04646559 c:FRS102 2022-04-01 2023-03-31 04646559 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04646559 c:FullAccounts 2022-04-01 2023-03-31 04646559 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 04646559







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


BRITANNIA TEA COMPANY LIMITED






































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BRITANNIA TEA COMPANY LIMITED
 


 
COMPANY INFORMATION


Directors
M. Y. Beyad 
M. R. Beyad 
M. Beyad 




Company secretary
M. R. Beyad



Registered number
04646559



Registered office
320 King Street
Hammersmith

London

W6 0RR




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


BRITANNIA TEA COMPANY LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 3


 


BRITANNIA TEA COMPANY LIMITED
REGISTERED NUMBER:04646559



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
4,287
1,967

Debtors: amounts falling due within one year
 4 
17,662
5,228

Cash at bank and in hand
  
529,468
815,447

  
551,417
822,642

Creditors: amounts falling due within one year
 5 
(36,299)
(311,993)

Net current assets
  
 
 
515,118
 
 
510,649

Total assets less current liabilities
  
515,118
510,649

  

Net assets
  
515,118
510,649


Capital and reserves
  

Allotted, called up and fully paid share capital
  
14,000
14,000

Profit and loss account
  
501,118
496,649

  
515,118
510,649


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M. Y. Beyad
Director

Date: 21 November 2023

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 


BRITANNIA TEA COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Britannia Tea Company Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is derived from the sale of and commissions receivable on sale of premium quality tea products and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

evenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 2

 


BRITANNIA TEA COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Trade debtors
1,221
8

Amounts owed by group undertakings
12,000
-

Other debtors
-
901

Prepayments and accrued income
124
-

Tax recoverable
4,317
4,319

17,662
5,228



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
34,513
307,513

Corporation tax
36
2,915

Accruals and deferred income
1,750
1,565

36,299
311,993


 
Page 3