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Company Registration No. 11721618 (England and Wales)
Cosmic Flavours Limited Unaudited accounts for the year ended 31 December 2023
Cosmic Flavours Limited Unaudited accounts Contents
Page
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Cosmic Flavours Limited Company Information for the year ended 31 December 2023
Director
Mr P Buck
Company Number
11721618 (England and Wales)
Registered Office
Grovesnor House 11 St Pauls Square Birmingham BR3 1RB
Accountants
Wednesday Professional Services Ltd 50 Princes Street Ipswich Suffolk IP1 1RJ
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Cosmic Flavours Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,605 
1,007 
Current assets
Inventories
1,000 
1,000 
Debtors
30,374 
2,345 
Cash at bank and in hand
11,237 
6,368 
42,611 
9,713 
Creditors: amounts falling due within one year
(41,012)
(60,285)
Net current assets/(liabilities)
1,599 
(50,572)
Total assets less current liabilities
3,204 
(49,565)
Creditors: amounts falling due after more than one year
(25,000)
- 
Net liabilities
(21,796)
(49,565)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(21,896)
(49,665)
Shareholders' funds
(21,796)
(49,565)
For the year ending 31 December 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 26 January 2024 and were signed on its behalf by
Mr P Buck Director Company Registration No. 11721618
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Cosmic Flavours Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Cosmic Flavours Limited is a private company, limited by shares, registered in England and Wales, registration number 11721618. The registered office is Grovesnor House, 11 St Pauls Square, Birmingham, BR3 1RB.
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.
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
25% on Cost
Computer equipment
25% on Cost
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
3,407 
- 
3,407 
Additions
172 
1,072 
1,244 
At 31 December 2023
3,579 
1,072 
4,651 
Depreciation
At 1 January 2023
2,400 
- 
2,400 
Charge for the year
378 
268 
646 
At 31 December 2023
2,778 
268 
3,046 
Net book value
At 31 December 2023
801 
804 
1,605 
At 31 December 2022
1,007 
- 
1,007 
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Cosmic Flavours Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,374 
1,095 
Accrued income and prepayments
- 
1,250 
30,374 
2,345 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
1,361 
VAT
599 
1,482 
Trade creditors
31,035 
602 
Other creditors
440 
- 
Loans from directors
8,068 
55,970 
Accruals
870 
870 
41,012 
60,285 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
25,000 
- 
The directors have confirmed that the loan of £25,000 is due in more than 12 months and not immediately repayable. The directors have confirmed their ongoing financial suport of the company.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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