Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08773666 Mr Alan Richards Mrs Claudia Richards Mr Alan Richards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08773666 2022-12-31 08773666 2023-12-31 08773666 2023-01-01 2023-12-31 08773666 frs-core:CurrentFinancialInstruments 2023-12-31 08773666 frs-core:ComputerEquipment 2023-12-31 08773666 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08773666 frs-core:ComputerEquipment 2022-12-31 08773666 frs-core:FurnitureFittings 2023-12-31 08773666 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08773666 frs-core:FurnitureFittings 2022-12-31 08773666 frs-core:PlantMachinery 2023-12-31 08773666 frs-core:PlantMachinery 2023-01-01 2023-12-31 08773666 frs-core:PlantMachinery 2022-12-31 08773666 frs-core:ShareCapital 2023-12-31 08773666 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08773666 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08773666 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08773666 frs-bus:SmallEntities 2023-01-01 2023-12-31 08773666 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08773666 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08773666 frs-bus:Director1 2023-01-01 2023-12-31 08773666 frs-bus:Director2 2023-01-01 2023-12-31 08773666 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 08773666 frs-countries:EnglandWales 2023-01-01 2023-12-31 08773666 2021-12-31 08773666 2022-12-31 08773666 2022-01-01 2022-12-31 08773666 frs-core:CurrentFinancialInstruments 2022-12-31 08773666 frs-core:ShareCapital 2022-12-31 08773666 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08773666
Tea Inc. Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
PAH Accounting
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Tea Inc. Limited for the year ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Tea Inc. Limited which comprise the Profit and Loss Account, 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 of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Tea Inc. Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Tea Inc. Limited and state those matters that we have agreed to state to the directors of Tea Inc. Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tea Inc. Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Tea Inc. Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Tea Inc. Limited . You consider that Tea Inc. Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Tea Inc. Limited . 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 financial statements.
Signed
PAH Accounting
20 June 2024
PAH Accounting
FCCA
Unit 2 The Pound
Coate
Devizes
SN10 3LG
Page 1
Page 2
Balance Sheet
Registered number: 08773666
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,396 13,813
13,396 13,813
CURRENT ASSETS
Debtors 5 572 -
Cash at bank and in hand 7,211 21,036
7,783 21,036
Creditors: Amounts Falling Due Within One Year 6 (141,012 ) (131,519 )
NET CURRENT ASSETS (LIABILITIES) (133,229 ) (110,483 )
TOTAL ASSETS LESS CURRENT LIABILITIES (119,833 ) (96,670 )
NET LIABILITIES (119,833 ) (96,670 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (119,835 ) (96,672 )
SHAREHOLDERS' FUNDS (119,833) (96,670)
Page 2
Page 3
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alan Richards
Director
20 June 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Tea Inc. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08773666 . The registered office is 2 Cleeve House Cotages, Trowbridge Road, Seend, Melksham, Wiltshire, SN12 6PG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 7)
5 7
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 14,841 24,721 402 39,964
Additions - 279 - 279
As at 31 December 2023 14,841 25,000 402 40,243
Depreciation
As at 1 January 2023 12,846 12,945 360 26,151
Provided during the period 96 600 - 696
As at 31 December 2023 12,942 13,545 360 26,847
Net Book Value
As at 31 December 2023 1,899 11,455 42 13,396
As at 1 January 2023 1,995 11,776 42 13,813
Page 4
Page 5
5. Debtors
2023 2022
£ £
Due within one year
VAT 572 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
VAT - 98
Accruals and deferred income 500 500
Directors' loan accounts 140,512 130,921
141,012 131,519
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5