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REGISTERED NUMBER: 10233647 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TEA BREAK TRAINING LTD

TEA BREAK TRAINING LTD (REGISTERED NUMBER: 10233647)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TEA BREAK TRAINING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: D Swanston





SECRETARY: J C Swanston





REGISTERED OFFICE: 4 Office Village Forder Way
Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8GX





REGISTERED NUMBER: 10233647 (England and Wales)





ACCOUNTANTS: TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

TEA BREAK TRAINING LTD (REGISTERED NUMBER: 10233647)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,579 3,858

CURRENT ASSETS
Debtors 5 15,013 47,255
Cash at bank 29,167 28,112
44,180 75,367
CREDITORS
Amounts falling due within one year 6 24,175 24,103
NET CURRENT ASSETS 20,005 51,264
TOTAL ASSETS LESS CURRENT LIABILITIES 32,584 55,122

PROVISIONS FOR LIABILITIES 7 2,390 -
NET ASSETS 30,194 55,122

CAPITAL AND RESERVES
Called up share capital 8 150 150
Retained earnings 9 30,044 54,972
SHAREHOLDERS' FUNDS 30,194 55,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 27 November 2023 and were signed by:




D Swanston - Director


TEA BREAK TRAINING LTD (REGISTERED NUMBER: 10233647)

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


1. STATUTORY INFORMATION

Company information

Tea Break Training Ltd is a private company limited by shares incorporated in England and Wales.The registered office is 4 Office Village Forder Way, Cygnet Park, Hampton, Peterborough, United Kingdom, PE7 8GX

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.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.


TEA BREAK TRAINING LTD (REGISTERED NUMBER: 10233647)

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


2. ACCOUNTING POLICIES - continued
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.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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.

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

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

TEA BREAK TRAINING LTD (REGISTERED NUMBER: 10233647)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 - 2,557 6,279 8,836
Additions 6,163 4,268 1,340 11,771
At 31 March 2023 6,163 6,825 7,619 20,607
DEPRECIATION
At 1 April 2022 - - 4,978 4,978
Charge for year 257 1,706 1,087 3,050
At 31 March 2023 257 1,706 6,065 8,028
NET BOOK VALUE
At 31 March 2023 5,906 5,119 1,554 12,579
At 31 March 2022 - 2,557 1,301 3,858

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,394 17,880
Amounts owed by group undertakings 254 -
Other debtors 7,365 50
Directors' current accounts - 29,325
15,013 47,255

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,401 5,470
Corporation tax 447 9,417
Social security and other taxes - 1,461
Net Wages 7,750 2,915
VAT 9,023 4,840
Directors' current accounts 954 -
Accruals and deferred income 1,600 -
24,175 24,103

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,390 -

TEA BREAK TRAINING LTD (REGISTERED NUMBER: 10233647)

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


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 2,390
Balance at 31 March 2023 2,390

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
50 Ordinary C 1 50 50
150 150

9. RESERVES
Retained
earnings
£   

At 1 April 2022 54,972
Profit for the year 11,372
Dividends (36,300 )
At 31 March 2023 30,044

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end, the company owed the director £953. The previous year the director owed the company £29,324. Interest at 2.25% has been charged to the director for an overdrawn loan.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £8,000 were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The controlling party is the Tea Break Trust, James Swanston and Dulcie Swanston.