IRIS Accounts Production v24.2.0.383 15000433 Board of Directors Board of Directors 13.7.23 31.7.24 31.7.24 false true false false true false 51354 54680 3326 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh150004332023-07-12150004332024-07-31150004332023-07-132024-07-31150004332023-07-1215000433ns15:EnglandWales2023-07-132024-07-3115000433ns14:PoundSterling2023-07-132024-07-3115000433ns10:Director12023-07-132024-07-3115000433ns10:Director22023-07-132024-07-3115000433ns10:PrivateLimitedCompanyLtd2023-07-132024-07-3115000433ns10:SmallEntities2023-07-132024-07-3115000433ns10:AuditExempt-NoAccountantsReport2023-07-132024-07-3115000433ns10:SmallCompaniesRegimeForDirectorsReport2023-07-132024-07-3115000433ns10:SmallCompaniesRegimeForAccounts2023-07-132024-07-3115000433ns10:FullAccounts2023-07-132024-07-3115000433ns10:Director2422023-07-132024-07-3115000433ns10:Director2422024-07-3115000433ns10:RegisteredOffice2023-07-132024-07-3115000433ns5:CurrentFinancialInstruments2024-07-3115000433ns5:ShareCapital2024-07-3115000433ns5:RetainedEarningsAccumulatedLosses2024-07-3115000433ns5:PlantMachinery2023-07-132024-07-3115000433ns5:MotorVehicles2023-07-132024-07-3115000433ns5:ComputerEquipment2023-07-132024-07-3115000433ns5:PlantMachinery2024-07-3115000433ns5:MotorVehicles2024-07-3115000433ns5:ComputerEquipment2024-07-3115000433ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-31150004331ns10:Director12023-07-12150004331ns10:Director12023-07-132024-07-31150004331ns10:Director12024-07-31
REGISTERED NUMBER: 15000433 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 13 JULY 2023 TO 31 JULY 2024

FOR

HAPPY BUTTER LTD

HAPPY BUTTER LTD (REGISTERED NUMBER: 15000433)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 13 JULY 2023 TO 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAPPY BUTTER LTD

COMPANY INFORMATION
FOR THE PERIOD 13 JULY 2023 TO 31 JULY 2024







DIRECTORS: Miss K Fry
Mr R K Brasier



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 15000433 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Coopertative Bank

HAPPY BUTTER LTD (REGISTERED NUMBER: 15000433)

BALANCE SHEET
31 JULY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 3,502

CURRENT ASSETS
Stocks 5 14,000
Debtors 6 40,243
Cash at bank 30,963
85,206
CREDITORS
Amounts falling due within one year 7 55,838
NET CURRENT ASSETS 29,368
TOTAL ASSETS LESS CURRENT LIABILITIES 32,870

PROVISIONS FOR LIABILITIES 857
NET ASSETS 32,013

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings 32,011
SHAREHOLDERS' FUNDS 32,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HAPPY BUTTER LTD (REGISTERED NUMBER: 15000433)

BALANCE SHEET - continued
31 JULY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




Mr R K Brasier - Director



Miss K Fry - Director


HAPPY BUTTER LTD (REGISTERED NUMBER: 15000433)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 13 JULY 2023 TO 31 JULY 2024


1. STATUTORY INFORMATION

Happy Butter 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

HAPPY BUTTER LTD (REGISTERED NUMBER: 15000433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 13 JULY 2023 TO 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
Additions 1 4,000 1 4,002
At 31 July 2024 1 4,000 1 4,002
DEPRECIATION
Charge for period - 500 - 500
At 31 July 2024 - 500 - 500
NET BOOK VALUE
At 31 July 2024 1 3,500 1 3,502

5. STOCKS
£   
Stocks 14,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 33,415
VAT 5,174
Prepayments 1,654
40,243

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 27,864
Tax 22,465
Social security and other taxes 156
Directors' current accounts 3,326
Accrued expenses 2,027
55,838

8. OTHER FINANCIAL COMMITMENTS

At 31/07/2024, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £24,074.

HAPPY BUTTER LTD (REGISTERED NUMBER: 15000433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 13 JULY 2023 TO 31 JULY 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 July 2024:

£   
Mr R K Brasier and Miss K Fry
Balance outstanding at start of period -
Amounts advanced 51,354
Amounts repaid (54,680 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (3,326 )

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the period, total dividends of £40,000 were paid to the directors .