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Company Registration No. 04994408 (England and Wales)
Tasty Too Limited Unaudited accounts for the year ended 31 December 2023
Tasty Too Limited Unaudited accounts Contents
Page
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Tasty Too Limited Company Information for the year ended 31 December 2023
Directors
D Kadziak J K Kowalska
Company Number
04994408 (England and Wales)
Registered Office
Congress House Lyon Road Harrow HA1 2EN
Accountants
Balmoral Consultancy Services Limited Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Tasty Too Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,963 
10,872 
Current assets
Inventories
3,145 
2,345 
Debtors
27,031 
- 
Cash at bank and in hand
10,497 
80,504 
40,673 
82,849 
Creditors: amounts falling due within one year
(15,404)
(46,394)
Net current assets
25,269 
36,455 
Total assets less current liabilities
36,232 
47,327 
Creditors: amounts falling due after more than one year
(8,905)
(12,405)
Net assets
27,327 
34,922 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
27,325 
34,920 
Shareholders' funds
27,327 
34,922 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
D Kadziak Director Company Registration No. 04994408
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Tasty Too Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Tasty Too Limited is a private company, limited by shares, registered in England and Wales, registration number 04994408. The registered office is Congress House, Lyon Road, Harrow , HA1 2EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: - the Company has transferred the significant risks and rewards of ownership to the buyer; - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the Company will receive the consideration due under the transaction; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; -it is probable that the Company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.
Taxation
Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
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Tasty Too Limited Notes to the Accounts for the year ended 31 December 2023
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value
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.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2023
18,154 
Additions
2,029 
At 31 December 2023
20,183 
Depreciation
At 1 January 2023
7,282 
Charge for the year
1,938 
At 31 December 2023
9,220 
Net book value
At 31 December 2023
10,963 
At 31 December 2022
10,872 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
27,031 
- 
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Tasty Too Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,000 
8,500 
VAT
274 
98 
Taxes and social security
7,630 
13,549 
Loans from directors
- 
24,247 
Accruals
1,500 
- 
15,404 
46,394 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,905 
12,405 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Transactions with related parties
At the balance sheet date, the director Mrs. J K Kowalska owed the company the sum of £27,031 (2022: £24,247 owed to Mrs J K Kowalska by the company). Interest in the sum of £605 was charged on this director's loan. The loan was repaid to the company shorty after the year end. During the year under review, dividends totalling £40,000 (2022: £40,000) were paid to the director Mrs J K Kowalska.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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