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REGISTERED NUMBER: 01210073 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Banquet Gravity Dip Limited

Banquet Gravity Dip Limited (Registered number: 01210073)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Banquet Gravity Dip Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs M A Sawbridge
J E Sawbridge
J W Tolley





SECRETARY: M J A Smith





REGISTERED OFFICE: 52 Eden Street
Kingston upon Thames
Surrey
KT1 1EE





REGISTERED NUMBER: 01210073 (England and Wales)





ACCOUNTANTS: Stone Balance Accounting Ltd
10 Croft Avenue
Dorking
Surrey
RH4 1LN

Banquet Gravity Dip Limited (Registered number: 01210073)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 107,780 109,726

CURRENT ASSETS
Stocks 5 1,806,486 1,316,235
Debtors 6 644,915 51,874
Cash at bank and in hand 93,621 505,482
2,545,022 1,873,591
CREDITORS
Amounts falling due within one year 7 (968,363 ) (702,461 )
NET CURRENT ASSETS 1,576,659 1,171,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,684,439

1,280,856

PROVISIONS FOR LIABILITIES 8 (26,945 ) (20,848 )
NET ASSETS 1,657,494 1,260,008

CAPITAL AND RESERVES
Called up share capital 9 550,000 550,000
Retained earnings 1,107,494 710,008
SHAREHOLDERS' FUNDS 1,657,494 1,260,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Banquet Gravity Dip Limited (Registered number: 01210073)

Balance Sheet - continued
31 December 2023


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 24 September 2024 and were signed on its behalf by:





J W Tolley - Director


Banquet Gravity Dip Limited (Registered number: 01210073)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Banquet Gravity Dip Limited 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 comprises the invoiced value of retail goods and income generated from promotional activities, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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 year 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 year 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.

Banquet Gravity Dip Limited (Registered number: 01210073)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 year was 25 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 85,381 122,863 208,244
Additions 452 43,500 43,952
At 31 December 2023 85,833 166,363 252,196
DEPRECIATION
At 1 January 2023 47,515 51,003 98,518
Charge for year 9,541 36,357 45,898
At 31 December 2023 57,056 87,360 144,416
NET BOOK VALUE
At 31 December 2023 28,777 79,003 107,780
At 31 December 2022 37,866 71,860 109,726

5. STOCKS
2023 2022
£    £   
Stocks 1,806,486 1,316,235

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 20,144 32,598
Other debtors 1,400 -
Directors' current accounts 447,937 -
Prepayments 24,438 19,276
493,919 51,874

Banquet Gravity Dip Limited (Registered number: 01210073)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 150,996 -

Aggregate amounts 644,915 51,874

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 472,183 358,504
Tax 276,884 96,343
Social security and other taxes 350 -
VAT 33,177 29,299
Other creditors 3,447 3,346
Directors' current accounts - 3,382
Deferred income 80,704 118,242
Accrued expenses 101,618 93,345
968,363 702,461

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 26,945 20,848

Deferred
tax
£   
Balance at 1 January 2023 20,848
Charge to Statement of Income and Retained Earnings
during year

6,097
Balance at 31 December 2023 26,945

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
550,000 Ordinary £1 550,000 550,000

Banquet Gravity Dip Limited (Registered number: 01210073)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period the company made unsecured advances to a Director totalling £447,937.

All advances were repayable on demand, and interest was charged at 2.25%.