Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01false46No description of principal activity73truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07710318 2022-08-01 2023-07-31 07710318 2021-08-01 2022-07-31 07710318 2023-07-31 07710318 2022-07-31 07710318 c:Director2 2022-08-01 2023-07-31 07710318 d:PlantMachinery 2022-08-01 2023-07-31 07710318 d:PlantMachinery 2023-07-31 07710318 d:PlantMachinery 2022-07-31 07710318 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07710318 d:MotorVehicles 2022-08-01 2023-07-31 07710318 d:MotorVehicles 2023-07-31 07710318 d:MotorVehicles 2022-07-31 07710318 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07710318 d:FurnitureFittings 2022-08-01 2023-07-31 07710318 d:FurnitureFittings 2023-07-31 07710318 d:FurnitureFittings 2022-07-31 07710318 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07710318 d:ComputerEquipment 2022-08-01 2023-07-31 07710318 d:ComputerEquipment 2023-07-31 07710318 d:ComputerEquipment 2022-07-31 07710318 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07710318 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07710318 d:CurrentFinancialInstruments 2023-07-31 07710318 d:CurrentFinancialInstruments 2022-07-31 07710318 d:Non-currentFinancialInstruments 2023-07-31 07710318 d:Non-currentFinancialInstruments 2022-07-31 07710318 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07710318 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 07710318 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 07710318 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 07710318 d:ShareCapital 2023-07-31 07710318 d:ShareCapital 2022-07-31 07710318 d:RetainedEarningsAccumulatedLosses 2023-07-31 07710318 d:RetainedEarningsAccumulatedLosses 2022-07-31 07710318 c:FRS102 2022-08-01 2023-07-31 07710318 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07710318 c:FullAccounts 2022-08-01 2023-07-31 07710318 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Company registration number: 07710318







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023


BRIGIT'S AFTERNOON TEA LIMITED






































img0bb5.png                        

 


BRIGIT'S AFTERNOON TEA LIMITED
REGISTERED NUMBER:07710318



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
421,239
323,646

  
421,239
323,646

Current assets
  

Inventories
  
123,499
73,144

Debtors: amounts falling due within one year
 6 
564,119
402,987

Cash at bank and in hand
  
2,088,247
1,291,270

  
2,775,865
1,767,401

Creditors: amounts falling due within one year
 7 
(1,754,801)
(1,180,343)

Net current assets
  
 
 
1,021,064
 
 
587,058

Total assets less current liabilities
  
1,442,303
910,704

Creditors: amounts falling due after more than one year
 8 
(77,778)
(111,111)

Provisions for liabilities
  

Deferred tax
  
(97,374)
(54,137)

  
 
 
(97,374)
 
 
(54,137)

Net assets
  
1,267,151
745,456


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
1,266,951
745,256

  
1,267,151
745,456


Page 1

 


BRIGIT'S AFTERNOON TEA LIMITED
REGISTERED NUMBER:07710318


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C S N Bloch
Director

Date: 3 April 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


BRIGIT'S AFTERNOON TEA LIMITED
 


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

1.


General information

Brigit's Afternoon Tea Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 


BRIGIT'S AFTERNOON TEA LIMITED
 


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

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

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.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Motor vehicles
-
20%
Fixtures and fittings
-
20%
Computer equipment
-
20%

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.

Page 4

 


BRIGIT'S AFTERNOON TEA LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 73 (2022 - 46).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 August 2022
103,733
1,384,101
18,893
9,562
1,516,289


Additions
7,940
229,958
-
7,510
245,408



At 31 July 2023

111,673
1,614,059
18,893
17,072
1,761,697



Depreciation


At 1 August 2022
77,645
1,096,937
13,470
4,591
1,192,643


Charge for the year on owned assets
15,255
128,219
2,324
2,017
147,815



At 31 July 2023

92,900
1,225,156
15,794
6,608
1,340,458



Net book value



At 31 July 2023
18,773
388,903
3,099
10,464
421,239



At 31 July 2022
26,088
287,164
5,423
4,971
323,646

Page 5

 


BRIGIT'S AFTERNOON TEA LIMITED
 


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

5.


Stocks

2023
2022
£
£

Raw materials and consumables
123,499
73,144

123,499
73,144



6.


Debtors

2023
2022
£
£


Trade debtors
54,806
42,499

Amounts owed by group undertakings
293
293

Amounts owed by connected undertakings
1,458
39,651

Other debtors
507,562
320,544

564,119
402,987



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
33,333
33,333

Trade creditors
180,953
109,704

Amounts owed to group undertakings
126,109
173,095

Amounts owed to connected undertakings
77,330
-

Taxation and social security
331,793
208,404

Other creditors
1,005,283
655,807

1,754,801
1,180,343



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
77,778
111,111

77,778
111,111


Page 6

 


BRIGIT'S AFTERNOON TEA LIMITED
 


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

9.


Parent relationships

The parent undertaking is Brigit's Bakery (Holdings) Limited, whose registered office is Richmond House, Walkern Road, Stevenage SG1 3QP.

 
Page 7