Branded Cuppa Limited 07825043 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is the wholesale of tea and tea related products Digita Accounts Production Advanced 6.30.9574.0 true true 07825043 2022-12-01 2023-11-30 07825043 2023-11-30 07825043 bus:OrdinaryShareClass1 2023-11-30 07825043 core:CurrentFinancialInstruments 2023-11-30 07825043 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 07825043 core:Non-currentFinancialInstruments 2023-11-30 07825043 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 07825043 core:OfficeEquipment 2023-11-30 07825043 core:PlantMachinery 2023-11-30 07825043 bus:SmallEntities 2022-12-01 2023-11-30 07825043 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07825043 bus:FullAccounts 2022-12-01 2023-11-30 07825043 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07825043 bus:RegisteredOffice 2022-12-01 2023-11-30 07825043 bus:Director1 2022-12-01 2023-11-30 07825043 bus:Director2 2022-12-01 2023-11-30 07825043 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 07825043 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07825043 core:OfficeEquipment 2022-12-01 2023-11-30 07825043 core:PlantMachinery 2022-12-01 2023-11-30 07825043 countries:England 2022-12-01 2023-11-30 07825043 2022-11-30 07825043 core:OfficeEquipment 2022-11-30 07825043 core:PlantMachinery 2022-11-30 07825043 2021-12-01 2022-11-30 07825043 2022-11-30 07825043 bus:OrdinaryShareClass1 2022-11-30 07825043 core:CurrentFinancialInstruments 2022-11-30 07825043 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 07825043 core:Non-currentFinancialInstruments 2022-11-30 07825043 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 07825043 core:OfficeEquipment 2022-11-30 07825043 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07825043

Branded Cuppa Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Branded Cuppa Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Branded Cuppa Limited

Company Information

Directors

Mr D Sharps

Mrs S Sharps

Registered office

Unit 2 Four Wheel Drive
Rougham
Bury St Edmunds
IP30 5ND

Accountants

Newsham Hanson Accountants Limited
Accountants and Business Advisors
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

 

Branded Cuppa Limited

(Registration number: 07825043)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,563

1,610

Current assets

 

Stocks

5

4,276

3,868

Debtors

6

4,614

8,161

Cash at bank and in hand

 

5,413

9,014

 

14,303

21,043

Creditors: Amounts falling due within one year

7

(10,068)

(10,559)

Net current assets

 

4,235

10,484

Total assets less current liabilities

 

5,798

12,094

Creditors: Amounts falling due after more than one year

7

(4,691)

(7,639)

Net assets

 

1,107

4,455

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

1,007

4,355

Shareholders' funds

 

1,107

4,455

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 January 2024 and signed on its behalf by:
 

.........................................
Mr D Sharps
Director

 

Branded Cuppa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 2 Four Wheel Drive
Rougham
Bury St Edmunds
IP30 5ND

These financial statements were authorised for issue by the Board on 16 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Branded Cuppa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% straight line basis

Office equipment

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Branded Cuppa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 December 2022

57,970

8,160

66,130

Additions

-

965

965

At 30 November 2023

57,970

9,125

67,095

Depreciation

At 1 December 2022

57,446

7,074

64,520

Charge for the year

112

900

1,012

At 30 November 2023

57,558

7,974

65,532

Carrying amount

At 30 November 2023

412

1,151

1,563

At 30 November 2022

524

1,086

1,610

 

Branded Cuppa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

5

Stocks

2023
£

2022
£

Other inventories

4,276

3,868

6

Debtors

Current

2023
£

2022
£

Trade debtors

3,504

7,425

Prepayments

784

646

Other debtors

326

90

 

4,614

8,161

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

9

3,000

3,000

Trade creditors

 

3,239

3,937

Amounts owed to related parties

36

806

Taxation and social security

 

67

64

Other creditors

 

3,726

2,752

 

10,068

10,559

Due after one year

 

Loans and borrowings

9

4,691

7,639

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

4,691

7,639

 

Branded Cuppa Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

4,691

7,639

2023
£

2022
£

Current loans and borrowings

Bank borrowings

3,000

3,000

10

Control

The company is controlled by the Director, D Sharps, who owns 100% of the called up share capital.