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REGISTERED NUMBER: 04651924 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

BITTASWEET LTD

BITTASWEET LTD (REGISTERED NUMBER: 04651924)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BITTASWEET LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: AA Oriani





REGISTERED OFFICE: 48/51 Leadenhall Market
London
EC3V 1LT





REGISTERED NUMBER: 04651924 (England and Wales)





ACCOUNTANTS: Marchant Lewis Limited
105a Caversham Avenue
London
N13 4LL

BITTASWEET LTD (REGISTERED NUMBER: 04651924)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,371 38,816

CURRENT ASSETS
Stocks 5 1,600 1,550
Debtors 6 184,801 134,873
Cash at bank 81,093 103,475
267,494 239,898
CREDITORS
Amounts falling due within one year 7 72,727 58,922
NET CURRENT ASSETS 194,767 180,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,138

219,792

CREDITORS
Amounts falling due after more than one year 8 (22,236 ) (31,667 )

PROVISIONS FOR LIABILITIES (975 ) (975 )
NET ASSETS 216,927 187,150

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 216,827 187,050
SHAREHOLDERS' FUNDS 216,927 187,150

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 director acknowledges his 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.

BITTASWEET LTD (REGISTERED NUMBER: 04651924)

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 director and authorised for issue on 1 October 2024 and were signed by:





AA Oriani - Director


BITTASWEET LTD (REGISTERED NUMBER: 04651924)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Bittasweet 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.

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

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 - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 Income Statement, 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.

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 19 (2023 - 15 ) .

BITTASWEET LTD (REGISTERED NUMBER: 04651924)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 73,044 3,125 76,169
Additions 12,145 2,415 14,560
At 31 March 2024 85,189 5,540 90,729
DEPRECIATION
At 1 April 2023 36,510 843 37,353
Charge for year 7,301 704 8,005
At 31 March 2024 43,811 1,547 45,358
NET BOOK VALUE
At 31 March 2024 41,378 3,993 45,371
At 31 March 2023 36,534 2,282 38,816

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 1,600 1,550

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 184,801 134,873

.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 33,692 31,441
Tax 12,997 3,916
Social security and other taxes 26,038 23,565
72,727 58,922

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 22,236 31,667