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REGISTERED NUMBER: 08437883 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Juicebaby Ltd.

Juicebaby Ltd. (Registered number: 08437883)






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


Juicebaby Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Ms A Foustok





REGISTERED OFFICE: 398 Kings Road
Chelsea
SW10 0LJ





REGISTERED NUMBER: 08437883 (England and Wales)





ACCOUNTANTS: SKS Business Services Ltd
3 Sheen Road
Richmond Upon Thames
Surrey
TW9 1AD

Juicebaby Ltd. (Registered number: 08437883)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 159,258 196,379

CURRENT ASSETS
Stocks 4 48,575 47,281
Debtors 5 197,611 119,444
Cash at bank and in hand 304,773 427,541
550,959 594,266
CREDITORS
Amounts falling due within one year 6 (238,915 ) (185,402 )
NET CURRENT ASSETS 312,044 408,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

471,302

605,243

CAPITAL AND RESERVES
Called up share capital 117 117
Share premium 8 449,983 449,983
Retained earnings 8 21,202 155,143
SHAREHOLDERS' FUNDS 471,302 605,243

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 29 March 2024 and were signed by:





Ms A Foustok - Director


Juicebaby Ltd. (Registered number: 08437883)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. 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.

Numbers have been regrouped in previous year, where-ever necessary for better presentation.

TURNOVER
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is
directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their
estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Leasehold property improvements - 10 years straight line
Plant and machinery - 5 years straight line
Fixtures and fittings - 3 years straight line
Computer equipment - 3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last
reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Juicebaby Ltd. (Registered number: 08437883)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

1. 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.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

DEBTORS
Short term debtors are measured at transaction price, less any impairment. 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.

CASH & CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 3 months. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Juicebaby Ltd. (Registered number: 08437883)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

CREDITORS
Short term creditors are measured at the transaction price. 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.

PROVISION FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 41 ) .

3. TANGIBLE FIXED ASSETS
Leasehold Fixtures
Property Plant and and Computer
Improvement machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 307,956 200,757 14,671 8,739 532,123
Additions - 8,019 6,998 427 15,444
At 31 March 2023 307,956 208,776 21,669 9,166 547,567
DEPRECIATION
At 1 April 2022 168,569 148,018 11,587 7,570 335,744
Charge for year 28,255 21,178 2,253 879 52,565
At 31 March 2023 196,824 169,196 13,840 8,449 388,309
NET BOOK VALUE
At 31 March 2023 111,132 39,580 7,829 717 159,258
At 31 March 2022 139,387 52,739 3,084 1,169 196,379

4. STOCKS
2023 2022
£    £   
Stocks 48,575 47,281

Juicebaby Ltd. (Registered number: 08437883)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other Debtors 67,956 55,816
Deliveroo Control Account - 10,864
Directors' loan accounts 79,738 7,920
Prepayments 49,917 44,844
197,611 119,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 93,745 97,653
Corporation tax 42,059 8,457
Social security and other tax 21,078 21,828
Pension Liability 1,824 1,757
VAT 5,124 1,674
Other creditors 23,415 2,286
Wages Payable - Payroll 40,804 43,768
Accrued expenses 10,866 7,979
238,915 185,402

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 127,682 144,523
Between one and five years 337,637 412,500
465,319 557,023

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2022 155,143 449,983 605,126
Profit for the year 26,739 26,739
Dividend Paid (160,680 ) - (160,680 )
At 31 March 2023 21,202 449,983 471,185

9. PENSION COMMITMENTS

Contributions totalling £1,823 (2022- £1,757) were payable to the pension fund at the balance sheet date and are included in creditors.

10. RELATED PARTY DISCLOSURES

At the balance sheet date, included in Debtors is an amount owed by the director and shareholder, Ms A Foustok for the sum of £79,738 (2022 £7,920 payable) and this balance is unsecured, interest free and repayable on demand.Tax on outstanding amount has been paid as per law.