Registered number
04527082
The Chocolate Box (Sheringham ) Limited
Unaudited Filleted Accounts
31 October 2023
The Chocolate Box (Sheringham ) Limited
Registered number: 04527082
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,385 3,727
Current assets
Stocks 18,469 17,520
Debtors 4 420 389
Cash at bank and in hand 137,854 121,844
156,743 139,753
Creditors: amounts falling due within one year 5 (28,541) (26,190)
Net current assets 128,202 113,563
Total assets less current liabilities 131,587 117,290
Creditors: amounts falling due after more than one year 6 (14,857) (17,857)
Net assets 116,730 99,433
Capital and reserves
Called up share capital 100 100
Profit and loss account 116,630 99,333
Shareholder's funds 116,730 99,433
Average number of employees 3 3
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Miss S Broughton
Director
Approved by the board on 28 February 2024
The Chocolate Box (Sheringham ) Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 12,717
Additions 502
Disposals (844)
At 31 October 2023 12,375
Depreciation
At 1 November 2022 8,990
At 31 October 2023 8,990
Net book value
At 31 October 2023 3,385
At 31 October 2022 3,727
4 Debtors 2023 2022
£ £
Prepayments 420 389
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,111 -
Corporation tax 6,983 3,573
Other taxes and social security costs 467 3,048
VAT Account 10,948 10,638
Accruals 953 913
Other creditors 6,079 8,018
28,541 26,190
6 Creditors: amounts falling due after one year 2023 2022
£ £
Directors Loan 14,857 17,857
7 Related party transactions
The Company is controlled by the director due to her 100% shareholding
8 Other information
The Chocolate Box (Sheringham ) Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Rushmer Way
Sheringham
Norfolk
NR26 8YA
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