2023-01-012023-12-312023-12-31false12357607HAPPY TEA LTD2024-09-1756102iso4217:GBPxbrli:pure123576072023-01-01123576072023-12-31123576072023-01-012023-12-31123576072022-01-01123576072022-12-31123576072022-01-012022-12-3112357607bus:SmallEntities2023-01-012023-12-3112357607bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112357607bus:AbridgedAccounts2023-01-012023-12-3112357607bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112357607core:WithinOneYear2023-12-3112357607core:AfterOneYear2023-12-3112357607core:WithinOneYear2022-12-3112357607core:AfterOneYear2022-12-3112357607core:ShareCapital2023-12-3112357607core:SharePremium2023-12-3112357607core:RevaluationReserve2023-12-3112357607core:OtherReservesSubtotal2023-12-3112357607core:RetainedEarningsAccumulatedLosses2023-12-3112357607core:ShareCapital2022-12-3112357607core:SharePremium2022-12-3112357607core:RevaluationReserve2022-12-3112357607core:OtherReservesSubtotal2022-12-3112357607core:RetainedEarningsAccumulatedLosses2022-12-3112357607core:LandBuildings2023-12-3112357607core:PlantMachinery2023-12-3112357607core:Vehicles2023-12-3112357607core:FurnitureFittings2023-12-3112357607core:OfficeEquipment2023-12-3112357607core:NetGoodwill2023-12-3112357607core:IntangibleAssetsOtherThanGoodwill2023-12-3112357607core:ListedExchangeTraded2023-12-3112357607core:UnlistedNon-exchangeTraded2023-12-3112357607core:LandBuildings2022-12-3112357607core:PlantMachinery2022-12-3112357607core:Vehicles2022-12-3112357607core:FurnitureFittings2022-12-3112357607core:OfficeEquipment2022-12-3112357607core:NetGoodwill2022-12-3112357607core:IntangibleAssetsOtherThanGoodwill2022-12-3112357607core:ListedExchangeTraded2022-12-3112357607core:UnlistedNon-exchangeTraded2022-12-3112357607core:LandBuildings2023-01-012023-12-3112357607core:PlantMachinery2023-01-012023-12-3112357607core:Vehicles2023-01-012023-12-3112357607core:FurnitureFittings2023-01-012023-12-3112357607core:OfficeEquipment2023-01-012023-12-3112357607core:NetGoodwill2023-01-012023-12-3112357607core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112357607core:ListedExchangeTraded2023-01-012023-12-3112357607core:UnlistedNon-exchangeTraded2023-01-012023-12-3112357607core:MoreThanFiveYears2023-01-012023-12-3112357607core:Non-currentFinancialInstruments2023-12-3112357607core:Non-currentFinancialInstruments2022-12-3112357607dpl:CostSales2023-01-012023-12-3112357607dpl:DistributionCosts2023-01-012023-12-3112357607core:LandBuildings2023-01-012023-12-3112357607core:PlantMachinery2023-01-012023-12-3112357607core:Vehicles2023-01-012023-12-3112357607core:FurnitureFittings2023-01-012023-12-3112357607core:OfficeEquipment2023-01-012023-12-3112357607dpl:AdministrativeExpenses2023-01-012023-12-3112357607core:NetGoodwill2023-01-012023-12-3112357607core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112357607dpl:GroupUndertakings2023-01-012023-12-3112357607dpl:ParticipatingInterests2023-01-012023-12-3112357607dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112357607core:ListedExchangeTraded2023-01-012023-12-3112357607dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112357607core:UnlistedNon-exchangeTraded2023-01-012023-12-3112357607dpl:CostSales2022-01-012022-12-3112357607dpl:DistributionCosts2022-01-012022-12-3112357607core:LandBuildings2022-01-012022-12-3112357607core:PlantMachinery2022-01-012022-12-3112357607core:Vehicles2022-01-012022-12-3112357607core:FurnitureFittings2022-01-012022-12-3112357607core:OfficeEquipment2022-01-012022-12-3112357607dpl:AdministrativeExpenses2022-01-012022-12-3112357607core:NetGoodwill2022-01-012022-12-3112357607core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3112357607dpl:GroupUndertakings2022-01-012022-12-3112357607dpl:ParticipatingInterests2022-01-012022-12-3112357607dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3112357607core:ListedExchangeTraded2022-01-012022-12-3112357607dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3112357607core:UnlistedNon-exchangeTraded2022-01-012022-12-3112357607core:NetGoodwill2023-12-3112357607core:IntangibleAssetsOtherThanGoodwill2023-12-3112357607core:LandBuildings2023-12-3112357607core:PlantMachinery2023-12-3112357607core:Vehicles2023-12-3112357607core:FurnitureFittings2023-12-3112357607core:OfficeEquipment2023-12-3112357607core:AfterOneYear2023-12-3112357607core:WithinOneYear2023-12-3112357607core:ListedExchangeTraded2023-12-3112357607core:UnlistedNon-exchangeTraded2023-12-3112357607core:ShareCapital2023-12-3112357607core:SharePremium2023-12-3112357607core:RevaluationReserve2023-12-3112357607core:OtherReservesSubtotal2023-12-3112357607core:RetainedEarningsAccumulatedLosses2023-12-3112357607core:NetGoodwill2022-12-3112357607core:IntangibleAssetsOtherThanGoodwill2022-12-3112357607core:LandBuildings2022-12-3112357607core:PlantMachinery2022-12-3112357607core:Vehicles2022-12-3112357607core:FurnitureFittings2022-12-3112357607core:OfficeEquipment2022-12-3112357607core:AfterOneYear2022-12-3112357607core:WithinOneYear2022-12-3112357607core:ListedExchangeTraded2022-12-3112357607core:UnlistedNon-exchangeTraded2022-12-3112357607core:ShareCapital2022-12-3112357607core:SharePremium2022-12-3112357607core:RevaluationReserve2022-12-3112357607core:OtherReservesSubtotal2022-12-3112357607core:RetainedEarningsAccumulatedLosses2022-12-3112357607core:NetGoodwill2022-01-0112357607core:IntangibleAssetsOtherThanGoodwill2022-01-0112357607core:LandBuildings2022-01-0112357607core:PlantMachinery2022-01-0112357607core:Vehicles2022-01-0112357607core:FurnitureFittings2022-01-0112357607core:OfficeEquipment2022-01-0112357607core:AfterOneYear2022-01-0112357607core:WithinOneYear2022-01-0112357607core:ListedExchangeTraded2022-01-0112357607core:UnlistedNon-exchangeTraded2022-01-0112357607core:ShareCapital2022-01-0112357607core:SharePremium2022-01-0112357607core:RevaluationReserve2022-01-0112357607core:OtherReservesSubtotal2022-01-0112357607core:RetainedEarningsAccumulatedLosses2022-01-0112357607core:AfterOneYear2023-01-012023-12-3112357607core:WithinOneYear2023-01-012023-12-3112357607core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3112357607core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3112357607core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3112357607core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3112357607core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3112357607core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3112357607core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112357607core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112357607core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112357607core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3112357607core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3112357607core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3112357607core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3112357607core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3112357607core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3112357607core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3112357607core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3112357607core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3112357607core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3112357607core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3112357607core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3112357607core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3112357607core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3112357607core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3112357607core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3112357607core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3112357607core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3112357607bus:Director12023-01-012023-12-3112357607bus:Director22023-01-012023-12-31

HAPPY TEA LTD

Registered Number
12357607
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

HAPPY TEA LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Jack Elliot Lam
Chia Loon NG

Registered Address

Six Ways Business Centre
1 Guildford Street
Birmingham
B19 2HN

Place of Business


Registered Number

12357607 (England and Wales)
HAPPY TEA LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets315,45119,314
15,45119,314
Current assets
Stocks625857
Debtors45,4972,573
Cash at bank and on hand28,09418,282
34,21621,712
Creditors amounts falling due within one year5(33,125)(36,854)
Net current assets (liabilities)1,091(15,142)
Total assets less current liabilities16,5424,172
Creditors amounts falling due after one year(26,805)(37,806)
Net assets(10,263)(33,634)
Capital and reserves
Called up share capital100100
Profit and loss account(10,363)(33,734)
Shareholders' funds(10,263)(33,634)
The financial statements were approved and authorised for issue by the Board of Directors on 17 September 2024, and are signed on its behalf by:
Jack Elliot Lam
Director
Registered Company No. 12357607
HAPPY TEA LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year1010
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2329,476
At 31 December 2329,476
Depreciation and impairment
At 01 January 2310,162
Charge for year3,863
At 31 December 2314,025
Net book value
At 31 December 2315,451
At 31 December 2219,314
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables1,5921,879
Other debtors31-
Prepayments and accrued income3,874694
Total5,4972,573
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables10,4406,970
Taxation and social security1,6172,320
Other creditors20,28327,229
Accrued liabilities and deferred income785335
Total33,12536,854