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Company Registration No. 08402626 (England and Wales)
Amaze in Taste Limited Unaudited accounts for the year ended 28 February 2023
Amaze in Taste Limited Unaudited accounts Contents
Page
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Amaze in Taste Limited Company Information for the year ended 28 February 2023
Director
D Godding
Company Number
08402626 (England and Wales)
Registered Office
Great Cowbridge Grange Farm London Road Billericay Essex CM12 9HR
Accountants
Evolve Accountancy Solutions Limited 45 Daltons Fen Pitsea Basildon Essex SS13 1JE
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Amaze in Taste Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
3,700 
Current assets
Debtors
299 
279 
Cash at bank and in hand
(4,087)
(148)
(3,788)
131 
Creditors: amounts falling due within one year
(128,958)
(128,611)
Net current liabilities
(132,746)
(128,480)
Total assets less current liabilities
(132,746)
(124,780)
Creditors: amounts falling due after more than one year
(29,704)
(36,914)
Net liabilities
(162,450)
(161,694)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(162,451)
(161,695)
Shareholders' funds
(162,450)
(161,694)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 November 2023 and were signed on its behalf by
D Godding Director Company Registration No. 08402626
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Amaze in Taste Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Amaze in Taste Limited is a private company, limited by shares, registered in England and Wales, registration number 08402626. The registered office is Great Cowbridge Grange Farm, London Road , Billericay, Essex, CM12 9HR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
Support has been provided by a loan from a director who has indicated that this support will continue for the foreseeable future. Support has also been provided by a loan from the bank. The directors, having considered the above and made due inquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Amaze in Taste Limited Notes to the Accounts for the year ended 28 February 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
37,000 
At 28 February 2023
37,000 
Amortisation
At 1 March 2022
33,300 
Charge for the year
3,700 
At 28 February 2023
37,000 
Net book value
At 28 February 2023
- 
At 28 February 2022
3,700 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
299 
279 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,792 
- 
Trade creditors
5,637 
2,065 
Taxes and social security
912 
962 
Other creditors
260 
- 
Loans from directors
113,757 
124,984 
Accruals
600 
600 
128,958 
128,611 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,704 
36,914 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 7 (2022: 6).
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