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REGISTERED NUMBER: 13295652 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

THE TASTE OF GROUP LTD

THE TASTE OF GROUP LTD (REGISTERED NUMBER: 13295652)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


THE TASTE OF GROUP LTD

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs H L Rich
Mrs J K Cox





REGISTERED OFFICE: 24 St Johns Road
Bath
BA1 3BW





REGISTERED NUMBER: 13295652 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Taste Of Group Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Taste Of Group Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Taste Of Group Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Taste Of Group Ltd and state those matters that we have agreed to state to the Board of Directors of The Taste Of Group Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Taste Of Group Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Taste Of Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Taste Of Group Ltd. You consider that The Taste Of Group Ltd 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 financial statements of The Taste Of Group Ltd. 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 statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


19 September 2024

THE TASTE OF GROUP LTD (REGISTERED NUMBER: 13295652)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,480 10,220
Tangible assets 5 1,005 1,792
8,485 12,012

CURRENT ASSETS
Stocks 8,558 19,045
Debtors 6 3,932 3,795
Cash at bank 42,182 407
54,672 23,247
CREDITORS
Amounts falling due within one year 7 52,042 57,074
NET CURRENT ASSETS/(LIABILITIES) 2,630 (33,827 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,115

(21,815

)

CREDITORS
Amounts falling due after more than one
year

8

25,663

31,760
NET LIABILITIES (14,548 ) (53,575 )

CAPITAL AND RESERVES
Called up share capital 9 200 100
Share premium 59,900 -
Retained earnings (74,648 ) (53,675 )
SHAREHOLDERS' FUNDS (14,548 ) (53,575 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

THE TASTE OF GROUP LTD (REGISTERED NUMBER: 13295652)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mrs J K Cox - Director


THE TASTE OF GROUP LTD (REGISTERED NUMBER: 13295652)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

The Taste Of Group 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.

The directors have prepared the financial statements on a going concern basis despite the deficit on the balance sheet and the excess of current liabilities over current assets in the belief that, with the support of the company's shareholders and directors, the company is in a position to continue trading.

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

Income is recognised at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Government grants
Government grants are accounted for under the accruals method, with those in relation to expenditure credited when the expenditure is charged to the profit and loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

THE TASTE OF GROUP LTD (REGISTERED NUMBER: 13295652)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 10,000 3,700 13,700
AMORTISATION
At 1 April 2023 2,000 1,480 3,480
Amortisation for year 2,000 740 2,740
At 31 March 2024 4,000 2,220 6,220
NET BOOK VALUE
At 31 March 2024 6,000 1,480 7,480
At 31 March 2023 8,000 2,220 10,220

THE TASTE OF GROUP LTD (REGISTERED NUMBER: 13295652)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 3,148
DEPRECIATION
At 1 April 2023 1,356
Charge for year 787
At 31 March 2024 2,143
NET BOOK VALUE
At 31 March 2024 1,005
At 31 March 2023 1,792

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 992 2,035
VAT 2,258 743
Prepayments and accrued income 682 1,017
3,932 3,795

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,100 23,519
Trade creditors 2,528 2,123
Social security and other taxes 344 118
Pensions 198 63
Other creditors 884 -
Directors' current accounts 39,838 29,101
Accrued expenses 2,150 2,150
52,042 57,074

Included in creditors is a government supported Bounce Back Loan.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 25,663 31,760

THE TASTE OF GROUP LTD (REGISTERED NUMBER: 13295652)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
100 Ordinary A £1 100 -
200 100

100 Ordinary A shares of £1 each were allotted as fully paid at a premium of £599 per share during the year.

All shares rank pari passu.