2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 86,957 44,642 131,599 10,145 17,391 27,536 104,063 76,812 xbrli:pure xbrli:shares iso4217:GBP 13402637 2022-06-01 2023-05-31 13402637 2023-05-31 13402637 2022-05-31 13402637 2021-05-17 2022-05-31 13402637 2022-05-31 13402637 2021-05-16 13402637 bus:Director1 2022-06-01 2023-05-31 13402637 core:WithinOneYear 2023-05-31 13402637 core:WithinOneYear 2022-05-31 13402637 core:PatentsTrademarksLicencesConcessionsSimilar 2022-05-31 13402637 core:PatentsTrademarksLicencesConcessionsSimilar 2023-05-31 13402637 core:PlantMachinery 2022-05-31 13402637 core:PlantMachinery 2023-05-31 13402637 core:PatentsTrademarksLicencesConcessionsSimilar 2022-06-01 2023-05-31 13402637 core:PlantMachinery 2022-06-01 2023-05-31 13402637 core:ShareCapital 2023-05-31 13402637 core:ShareCapital 2022-05-31 13402637 core:RetainedEarningsAccumulatedLosses 2023-05-31 13402637 core:RetainedEarningsAccumulatedLosses 2022-05-31 13402637 core:PatentsTrademarksLicencesConcessionsSimilar 2022-05-31 13402637 core:PlantMachinery 2022-05-31 13402637 bus:SmallEntities 2022-06-01 2023-05-31 13402637 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 13402637 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 13402637 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 13402637 bus:FullAccounts 2022-06-01 2023-05-31 13402637 core:ComputerEquipment 2022-05-31 13402637 core:ComputerEquipment 2022-06-01 2023-05-31 13402637 core:ComputerEquipment 2023-05-31
COMPANY REGISTRATION NUMBER: 13402637
Extrawurst UK Limited
Filleted Unaudited Financial Statements
31 May 2023
Extrawurst UK Limited
Financial Statements
Year ended 31 May 2023
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 6
Extrawurst UK Limited
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
104,063
76,812
Tangible assets
6
83,839
16,444
---------
---------
187,902
93,256
Current assets
Stocks
2,243
Debtors
7
1,263
144,651
Cash at bank and in hand
24,347
111,490
---------
---------
25,610
258,384
Creditors: amounts falling due within one year
8
520,776
423,204
---------
---------
Net current liabilities
495,166
164,820
---------
---------
Total assets less current liabilities
( 307,264)
( 71,564)
---------
---------
Net liabilities
( 307,264)
( 71,564)
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
( 308,264)
( 72,564)
---------
---------
Shareholder deficit
( 307,264)
( 71,564)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Extrawurst UK Limited
Statement of Financial Position (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 22 February 2024 , and are signed on behalf of the board by:
Mr N R Baird
Director
Company registration number: 13402637
Extrawurst UK Limited
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 10, Barton Marina, Barton Turn, Barton Under Needwood, Buton-On-Trent, DE13 8AS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on a going concern basis because of the continued financial support of the related company.
Revenue recognition
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Franchise licence
-
15yrs staight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
25% to 33.3% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Intangible assets
Patents, trademarks and licences
£
Cost
At 1 June 2022
86,957
Additions
44,642
---------
At 31 May 2023
131,599
---------
Amortisation
At 1 June 2022
10,145
Charge for the year
17,391
---------
At 31 May 2023
27,536
---------
Carrying amount
At 31 May 2023
104,063
---------
At 31 May 2022
76,812
---------
6. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 June 2022
12,801
4,078
16,879
Additions
67,694
792
68,486
---------
---------
---------
At 31 May 2023
80,495
4,870
85,365
---------
---------
---------
Depreciation
At 1 June 2022
435
435
Charge for the year
1,091
1,091
---------
---------
---------
At 31 May 2023
1,526
1,526
---------
---------
---------
Carrying amount
At 31 May 2023
80,495
3,344
83,839
---------
---------
---------
At 31 May 2022
12,801
3,643
16,444
---------
---------
---------
7. Debtors
2023
2022
£
£
Trade debtors
139,642
Other debtors
1,263
5,009
---------
---------
1,263
144,651
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,753
9,687
Amounts owed to related company
516,023
400,000
Accruals and deferred income
1,000
1,715
Social security and other taxes
8,609
Other creditors
3,193
---------
---------
520,776
423,204
---------
---------
9. Directors' advances, credits and guarantees
There were no directors advances, credits or guarantees during the year.
10. Related party transactions
The company was under the control of the directors throughout the current period. During the period the amount owed to Baird Foods Limited was £516,023 (2022: £400,000). Baird Foods Limited is a company under common control.