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REGISTERED NUMBER: 08493429 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Tea And Kate Ltd

Tea And Kate Ltd (Registered number: 08493429)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tea And Kate Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Miss K Bradbury





REGISTERED OFFICE: 10A Victoria Street
Felixstowe
Suffolk
IP11 7ER





REGISTERED NUMBER: 08493429 (England and Wales)





ACCOUNTANTS: Suffolk Tax Accountants Group
9 Byford Court
Crockatt Road
Hadleigh
Ipswich
Suffolk
IP7 6RD

Tea And Kate Ltd (Registered number: 08493429)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,268 41,701

CURRENT ASSETS
Stocks 99,000 105,000
Debtors 5 10,578 22,092
Cash at bank 18,044 10,996
127,622 138,088
CREDITORS
Amounts falling due within one year 6 108,638 112,267
NET CURRENT ASSETS 18,984 25,821
TOTAL ASSETS LESS CURRENT LIABILITIES 50,252 67,522

CREDITORS
Amounts falling due after more than one year 7 (51,423 ) (66,081 )

PROVISIONS FOR LIABILITIES 8 (1,084 ) (1,225 )
NET (LIABILITIES)/ASSETS (2,255 ) 216

CAPITAL AND RESERVES
Called up share capital 9 1 2
Retained earnings (2,256 ) 214
SHAREHOLDERS' FUNDS (2,255 ) 216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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:





Miss K Bradbury - Director


Tea And Kate Ltd (Registered number: 08493429)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Tea And Kate Ltd 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.

2. 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.

Turnover
Turnover represents the sale of goods and services, recognised on dispatch of the goods or provision of the service and excludes value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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

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.

Going concern
Reserves have fallen in the company this year being (£2,256) at the financial year-end compared to £216 the year before. The Director is committed to supporting the company and believe it is able to meet it's debts as they fall due and as such is a going concern.

3. EMPLOYEES AND DIRECTORS

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

Tea And Kate Ltd (Registered number: 08493429)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 53,962
DEPRECIATION
At 1 May 2022 12,261
Charge for year 10,433
At 30 April 2023 22,694
NET BOOK VALUE
At 30 April 2023 31,268
At 30 April 2022 41,701

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 982 -
Other debtors 9,596 22,092
10,578 22,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 28,614 42,934
Trade creditors 8,511 910
Amounts owed to participating interests 48,233 48,500
Taxation and social security 4,216 7,740
Other creditors 19,064 12,183
108,638 112,267

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 22,014 28,725
Other creditors 29,409 37,356
51,423 66,081

8. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax
Accelerated capital allowances 5,941 7,568
Tax losses carried forward (4,857 ) (6,343 )
1,084 1,225

Tea And Kate Ltd (Registered number: 08493429)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2022 1,225
Provided during year (141 )
Balance at 30 April 2023 1,084

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
1 Ordinary 1 1 2

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
Miss K Bradbury
Balance outstanding at start of year 21,435 (40,023 )
Amounts advanced 17,237 104,840
Amounts repaid (45,393 ) (43,382 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,721 ) 21,435

11. RELATED PARTY DISCLOSURES

At the year end, the company held a liability of £48,233 (2022: £48,500), with no written agreement, from a company which held strong control and ownership with the director of Tea and Kate Limited. The liability is repayable on demand.