The Refill Hut Ltd 13010733 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is retail sale in non-specialised stores with food, beverages or tobacco predominating. Digita Accounts Production Advanced 6.30.9574.0 true true 13010733 2022-12-01 2023-11-30 13010733 2023-11-30 13010733 core:RetainedEarningsAccumulatedLosses 2023-11-30 13010733 core:ShareCapital 2023-11-30 13010733 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 13010733 bus:SmallEntities 2022-12-01 2023-11-30 13010733 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13010733 bus:FullAccounts 2022-12-01 2023-11-30 13010733 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13010733 bus:RegisteredOffice 2022-12-01 2023-11-30 13010733 bus:Director1 2022-12-01 2023-11-30 13010733 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13010733 core:IntangibleAssetsOtherThanGoodwill 2022-12-01 2023-11-30 13010733 core:FurnitureFittings 2022-12-01 2023-11-30 13010733 countries:AllCountries 2022-12-01 2023-11-30 13010733 2022-11-30 13010733 2021-12-01 2022-11-30 13010733 2022-11-30 13010733 core:RetainedEarningsAccumulatedLosses 2022-11-30 13010733 core:ShareCapital 2022-11-30 13010733 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 13010733

The Refill Hut Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 November 2023

 

The Refill Hut Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

The Refill Hut Ltd

(Registration number: 13010733)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

628

794

Tangible assets

5

1,801

2,973

 

2,429

3,767

Current assets

 

Stocks

11,728

10,500

Debtors

1,183

657

 

12,911

11,157

Creditors: Amounts falling due within one year

(41,161)

(28,634)

Net current liabilities

 

(28,250)

(17,477)

Net liabilities

 

(25,821)

(13,710)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(25,921)

(13,810)

Total equity

 

(25,821)

(13,710)

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.

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 director acknowledges her 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 and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 29 August 2024
 

Ms K L Cornelius

Director

 

The Refill Hut Ltd

Notes to the Unaudited Abridged 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 & Wales.

The address of its registered office is:
Levalsa Mere Farm
Levalsa Meor
St Austell
Cornwall
PL26 6DN

These financial statements were authorised for issue by the director on 29 August 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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. Of the company's current liabilities at 30 November 2023, an amount is owed to the director, who has agreed to continue to support the company and not to demand repayment of the amount to the extent that any such repayment would jeopardise the future of the company.

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 and deferred 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 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

The Refill Hut Ltd

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Fixtures and fittings

25% straight line

Intangible assets

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intangible assets

33.33% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

The Refill Hut Ltd

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

4

Intangible assets

Total
£

Cost or valuation

At 1 December 2022

1,191

Additions acquired separately

144

At 30 November 2023

1,335

Amortisation

At 1 December 2022

397

Amortisation charge

310

At 30 November 2023

707

Carrying amount

At 30 November 2023

628

At 30 November 2022

794

5

Tangible assets

Total
£

Cost or valuation

At 1 December 2022

4,685

At 30 November 2023

4,685

Depreciation

At 1 December 2022

1,712

Charge for the year

1,172

At 30 November 2023

2,884

Carrying amount

At 30 November 2023

1,801

At 30 November 2022

2,973