Caseware UK (AP4) 2023.0.135 2023.0.135 177The principal activity of the company is the production and sale of teasThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01false154truetruefalse 08474525 2023-05-01 2024-04-30 08474525 2022-05-01 2023-04-30 08474525 2024-04-30 08474525 2023-04-30 08474525 c:Director1 2023-05-01 2024-04-30 08474525 d:PlantMachinery 2023-05-01 2024-04-30 08474525 d:PlantMachinery 2024-04-30 08474525 d:PlantMachinery 2023-04-30 08474525 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08474525 d:FurnitureFittings 2023-05-01 2024-04-30 08474525 d:FurnitureFittings 2024-04-30 08474525 d:FurnitureFittings 2023-04-30 08474525 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08474525 d:ComputerEquipment 2023-05-01 2024-04-30 08474525 d:ComputerEquipment 2024-04-30 08474525 d:ComputerEquipment 2023-04-30 08474525 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08474525 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08474525 d:CurrentFinancialInstruments 2024-04-30 08474525 d:CurrentFinancialInstruments 2023-04-30 08474525 d:Non-currentFinancialInstruments 2024-04-30 08474525 d:Non-currentFinancialInstruments 2023-04-30 08474525 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08474525 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08474525 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08474525 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08474525 d:ShareCapital 2024-04-30 08474525 d:ShareCapital 2023-04-30 08474525 d:SharePremium 2024-04-30 08474525 d:SharePremium 2023-04-30 08474525 d:RetainedEarningsAccumulatedLosses 2024-04-30 08474525 d:RetainedEarningsAccumulatedLosses 2023-04-30 08474525 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 08474525 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 08474525 c:FRS102 2023-05-01 2024-04-30 08474525 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08474525 c:FullAccounts 2023-05-01 2024-04-30 08474525 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08474525 d:WithinOneYear 2024-04-30 08474525 d:WithinOneYear 2023-04-30 08474525 2 2023-05-01 2024-04-30 08474525 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 08474525










Bird & Blend Tea Ltd.








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 April 2024

 
Bird & Blend Tea Ltd.
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Bird & Blend Tea Ltd. for the year ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bird & Blend Tea Ltd. for the year ended 30 April 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Bird & Blend Tea Ltd., as a body, in accordance with the terms of our engagement letter dated 16 September 2022Our work has been undertaken solely to prepare for your approval the financial statements of Bird & Blend Tea Ltd. and state those matters that we have agreed to state to the Board of directors of Bird & Blend Tea Ltd., as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bird & Blend Tea Ltd. and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Bird & Blend Tea Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bird & Blend Tea Ltd.. You consider that Bird & Blend Tea Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Bird & Blend Tea Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
19 August 2024
Page 1

 
Bird & Blend Tea Ltd.
Registered number: 08474525

Balance sheet
As at 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
547,845
389,966

Current assets
  

Stocks
  
951,836
768,562

Debtors
 5 
346,569
292,470

Cash at bank and in hand
  
286,849
384,354

  
1,585,254
1,445,386

Creditors: amounts falling due within one year
 6 
(1,262,814)
(915,797)

Net current assets
  
 
 
322,440
 
 
529,589

Total assets less current liabilities
  
870,285
919,555

Creditors: amounts falling due after more than one year
 7 
(24,384)
(93,356)

Provisions for liabilities
  

Deferred tax
 8 
-
(94,585)

Net assets
  
 
 
845,901
 
 
731,614


Capital and reserves
  

Called up share capital 
  
2
2

Share premium account
  
1,334,211
1,334,211

Profit and loss account
  
(488,312)
(602,599)

Total equity
  
845,901
731,614


Page 2

 
Bird & Blend Tea Ltd.
Registered number: 08474525

Balance sheet (continued)
As at 30 April 2024

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: 




................................................
M Turner
Director
Date: 19 August 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
Bird & Blend Tea Ltd.
 

 
Notes to the financial statements
For the year ended 30 April 2024

1.


General information

Bird & Blend Tea Ltd. is a private company limited by share capital incorporated in England and Wales with registered number 08474525. The registered office is Unit 3 Woods Way, Goring Business Park, Worthing, BN12 4QY.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

These accounts are prepared on a going concern basis.

 
2.3

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.

Page 4

 
Bird & Blend Tea Ltd.
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation.

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
-
25%
Straight Line
Fixtures and fittings
-
25%
Straight Line
Computer equipment
-
25%
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.

 
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 plus attributable overhead costs.
At each balance sheet 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

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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

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

 
2.9

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.

Page 5

 
Bird & Blend Tea Ltd.
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Pensions

Defined contribution pension plan

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.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

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 balance sheet 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 balance sheet 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 6

 
Bird & Blend Tea Ltd.
 

 
Notes to the financial statements
For the year ended 30 April 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 177 (2023 - 154).


4.


Tangible fixed assets





Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total

£
£
£
£



Cost 


At 1 May 2023
3,601
938,100
42,845
984,546


Additions
-
395,282
12,671
407,953


Disposals
(2,591)
(45,630)
(1,470)
(49,691)


Transfers
(1,010)
1,010
-
-



At 30 April 2024

-
1,288,762
54,046
1,342,808



Depreciation


At 1 May 2023
3,601
570,535
20,444
594,580


Charge for the year on owned assets
-
232,479
12,473
244,952


Disposals
(2,591)
(40,563)
(1,415)
(44,569)


Transfers
(1,010)
1,010
-
-



At 30 April 2024

-
763,461
31,502
794,963



Net book value



At 30 April 2024
-
525,301
22,544
547,845



At 30 April 2023
-
367,565
22,401
389,966


5.


Debtors

2024
2023
£
£


Trade debtors
96,169
11,727

Other debtors
137,296
144,717

Prepayments and accrued income
113,104
136,026

346,569
292,470


Page 7

 
Bird & Blend Tea Ltd.
 

 
Notes to the financial statements
For the year ended 30 April 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
252,993
134,514

Trade creditors
325,855
221,780

Other taxation and social security
92,268
67,421

Other creditors
424,371
384,006

Accruals and deferred income
167,327
108,076

1,262,814
915,797



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
24,384
93,356

24,384
93,356


Page 8

 
Bird & Blend Tea Ltd.
 

 
Notes to the financial statements
For the year ended 30 April 2024

8.


Deferred taxation




2024


£






At beginning of year
(94,585)


Charged to profit or loss
94,585



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(94,585)

-
(94,585)


9.


Operating lease commitments

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


895,361
1,344,759

Page 9