Devonshire Tea Ltd Filleted Accounts Cover
Devonshire Tea Ltd
Company No. 01875082
Information for Filing with The Registrar
31 December 2023
Devonshire Tea Ltd Balance Sheet Registrar
at
31 December 2023
Company No.
01875082
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
2,0002,000
Tangible assets
5
14,16314,163
16,16316,163
Current assets
Debtors
6
1,8011,801
Cash at bank and in hand
1,3661,366
3,1673,167
Creditors: Amount falling due within one year
7
(7,687)
(7,687)
Net current liabilities
(4,520)
(4,520)
Total assets less current liabilities
11,64311,643
Provisions for liabilities
Deferred taxation
(2,498)
(2,498)
Net assets
9,1459,145
Capital and reserves
Called up share capital
455455
Share premium account
8
89,30689,306
Capital redemption reserve
8
435435
Profit and loss account
8
(81,051)
(81,051)
Total equity
9,1459,145
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 13 August 2024 and signed on its behalf by:
T.J. Bridden
Director
13 August 2024
Devonshire Tea Ltd Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
Devonshire Tea Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 01875082
Its registered office is:
The Roastery
Endsleigh
Devon
PL21 9JL
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 January 2023
10,000121,000131,000
At 31 December 2023
10,000121,000131,000
Amortisation and impairment
At 1 January 2023
8,000121,000129,000
At 31 December 2023
8,000121,000129,000
Net book values
At 31 December 2023
2,000-2,000
At 31 December 2022
2,000-2,000
5
Tangible fixed assets
Land and buildings
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 January 2023
5,14512,02558,10475,274
At 31 December 2023
5,14512,02558,10475,274
Depreciation
At 1 January 2023
9017,58852,62261,111
At 31 December 2023
9017,58852,62261,111
Net book values
At 31 December 2023
4,2444,4375,48214,163
At 31 December 2022
4,244
4,437
5,482
14,163
6
Debtors
2023
2022
£
£
Other debtors
1,8011,801
1,8011,801
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Other loans
108108
Obligations under finance lease and hire purchase contracts
4,1844,184
Trade creditors
11
Taxes and social security
1,339
1,339
Loans from directors
206206
Accruals and deferred income
1,8491,849
7,6877,687
8
Reserves
Capital redemption reserve
Total other reserves
£
£
At 1 January 2022
435
435
At 31 December 2022 and 1 January 2023
435
435
At 31 December 2023
435435
Capital redemption reserve - records the nominal value of shares repurchased by the company.
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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