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REGISTERED NUMBER: 10445633 (England and Wales)










Financial Statements

for the Year Ended 31 October 2023

for

Teatime Delight Ltd

Teatime Delight Ltd (Registered number: 10445633)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Teatime Delight Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S Georgiou





REGISTERED OFFICE: 8, Throwing Buns
Market Place
Abingdon
OX14 3HG





REGISTERED NUMBER: 10445633 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
21 Sherburn Terrace
Consett
Co. Durham
DH8 6ND

Teatime Delight Ltd (Registered number: 10445633)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,498 5,998
Tangible assets 5 4,188 6,252
8,686 12,250

CURRENT ASSETS
Stocks 1,298 1,200
Debtors 6 25,232 10,849
Cash at bank 16,464 9,509
42,994 21,558
CREDITORS
Amounts falling due within one year 7 (18,158 ) (207 )
NET CURRENT ASSETS 24,836 21,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,522

33,601

CREDITORS
Amounts falling due after more than one year 8 (20,898 ) (21,500 )
NET ASSETS 12,624 12,101

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 12,524 12,001
12,624 12,101

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

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

Teatime Delight Ltd (Registered number: 10445633)

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





S Georgiou - Director


Teatime Delight Ltd (Registered number: 10445633)

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

1. STATUTORY INFORMATION

Teatime Delight 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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.

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 - 33% 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.

Teatime Delight Ltd (Registered number: 10445633)

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

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 14,995
AMORTISATION
At 1 November 2022 8,997
Amortisation for year 1,500
At 31 October 2023 10,497
NET BOOK VALUE
At 31 October 2023 4,498
At 31 October 2022 5,998

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022
and 31 October 2023 14,099
DEPRECIATION
At 1 November 2022 7,847
Charge for year 2,064
At 31 October 2023 9,911
NET BOOK VALUE
At 31 October 2023 4,188
At 31 October 2022 6,252

Teatime Delight Ltd (Registered number: 10445633)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 8,066
Directors' current accounts 23,471 -
Prepayments and accrued income 1,761 2,783
25,232 10,849

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,969 -
Tax 1,518 -
PAYE/NI liability 331 -
VAT 619 207
Accrued expenses 721 -
18,158 207

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 20,898 21,500

9. RESERVES
Retained
earnings
£   

At 1 November 2022 12,001
Profit for the year 523
At 31 October 2023 12,524

Teatime Delight Ltd (Registered number: 10445633)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
S Georgiou
Balance outstanding at start of year - -
Amounts advanced 23,470 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,470 -