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
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
Tasty Too Limited
Statement of financial position
as at 31 December 2023
Tangible assets
10,963
10,872
Cash at bank and in hand
10,497
80,504
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)
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
Tasty Too Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
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 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
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.
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.
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Tangible fixed assets
Fixtures & fittings
At 31 December 2023
20,183
At 31 December 2023
10,963
At 31 December 2022
10,872
Amounts falling due within one year
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
Taxes and social security
7,630
13,549
Loans from directors
-
24,247
7
Creditors: amounts falling due after more than one year
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).