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Company Registration No. 08916367 (England and Wales)
Before Breakfast Design Ltd. Unaudited accounts for the year ended 28 February 2023
Before Breakfast Design Ltd. Unaudited accounts Contents
Page
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Before Breakfast Design Ltd. Company Information for the year ended 28 February 2023
Director
Yu-Hsuan Shen
Company Number
08916367 (England and Wales)
Registered Office
1 Masons Place London EC1V 8DU
Accountants
Anthony Daniel Associates 10 Julian Place London E14 3AT
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Before Breakfast Design Ltd. Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
564,020 
15,941 
Current assets
Inventories
6,180 
6,180 
Debtors
4,369 
2,764 
Cash at bank and in hand
11,731 
21,343 
22,280 
30,287 
Creditors: amounts falling due within one year
(634,971)
(77,012)
Net current liabilities
(612,691)
(46,725)
Total assets less current liabilities
(48,671)
(30,784)
Creditors: amounts falling due after more than one year
(190,900)
(190,900)
Net liabilities
(239,571)
(221,684)
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
(239,591)
(221,704)
Shareholders' funds
(239,571)
(221,684)
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 her 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 29 November 2023 and were signed on its behalf by
Yu-Hsuan Shen Director Company Registration No. 08916367
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Before Breakfast Design Ltd. Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Before Breakfast Design Ltd. is a private company, limited by shares, registered in England and Wales, registration number 08916367. The registered office is 1 Masons Place, London, EC1V 8DU.
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.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on straight line
Fixtures & fittings
20% on straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
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Before Breakfast Design Ltd. Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
- 
45,659 
4,530 
50,189 
Additions
550,615 
1,968 
2,553 
555,136 
At 28 February 2023
550,615 
47,627 
7,083 
605,325 
Depreciation
At 1 March 2022
- 
32,817 
1,431 
34,248 
Charge for the year
- 
5,706 
1,351 
7,057 
At 28 February 2023
- 
38,523 
2,782 
41,305 
Net book value
At 28 February 2023
550,615 
9,104 
4,301 
564,020 
At 28 February 2022
- 
12,842 
3,099 
15,941 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,095 
1,813 
Trade debtors
2,774 
451 
Other debtors
500 
500 
4,369 
2,764 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
8,513 
14,194 
Taxes and social security
20 
20 
Loans from directors
625,138 
61,498 
Accruals
1,300 
1,300 
634,971 
77,012 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
190,900 
190,900 
Included in amounts falling due after more than one year is director, Miss Yu-Hsuan Shen's loan of £190,900 (2022: £190,900), which is payable at the end of five year terms. The loan is unsecured and subordinated in favour of third party creditors.
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £20 each
20 
20 
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Before Breakfast Design Ltd. Notes to the Accounts for the year ended 28 February 2023
9
Controlling party
The ultimate controlling party is Miss. Yu-Hsuan Shen, who is the sole director and holds one hundred percent of the company shares.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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