Tough Cherry Limited 14657322 false 2023-02-13 2024-02-28 2024-02-28 The principal activity of the company is Sale of sports goods Digita Accounts Production Advanced 6.30.9574.0 true true 14657322 2023-02-13 2024-02-28 14657322 2024-02-28 14657322 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 14657322 core:PlantMachinery 2024-02-28 14657322 bus:SmallEntities 2023-02-13 2024-02-28 14657322 bus:AuditExemptWithAccountantsReport 2023-02-13 2024-02-28 14657322 bus:FullAccounts 2023-02-13 2024-02-28 14657322 bus:SmallCompaniesRegimeForAccounts 2023-02-13 2024-02-28 14657322 bus:RegisteredOffice 2023-02-13 2024-02-28 14657322 bus:Director1 2023-02-13 2024-02-28 14657322 bus:PrivateLimitedCompanyLtd 2023-02-13 2024-02-28 14657322 core:PlantMachinery 2023-02-13 2024-02-28 14657322 countries:AllCountries 2023-02-13 2024-02-28 iso4217:GBP xbrli:pure

Registration number: 14657322

Tough Cherry Limited

Unaudited Financial Statements

for the Period from 13 February 2023 to 28 February 2024

 

Tough Cherry Limited

(Registration number: 14657322)

Balance Sheet as at 28 February 2024

Note

2024
£

Fixed assets

 

Tangible assets

3

972

Current assets

 

Stocks

7,850

Cash at bank and in hand

 

177

 

8,027

Creditors: Amounts falling due within one year

4

(17,947)

Net current liabilities

 

(9,920)

Net liabilities

 

(8,948)

Capital and reserves

 

Called up share capital

100

Profit and loss account

(9,048)

Shareholders' deficit

 

(8,948)

For the financial period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 24 October 2024
 

 

Tough Cherry Limited

(Registration number: 14657322)

Balance Sheet as at 28 February 2024

.........................................

A C Jackson
Director

 

Tough Cherry Limited

Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 28 February 2024

1

Accounting policies

Tough Cherry Limited is a private company, limited by shares, domiciled in England and Wales, company number 14657322. The registered office is at Court Cottage, 14 Hollingworth Lane, Epworth, Doncaster, South Yorkshire, DN9 1EX, England.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

The financial statements have been prepared on a going concern basis due to the ongoing support of the director who is not seeking repayment of their loan to the company in the immediate future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Machinery and equipment

20% reducing balance

 

Tough Cherry Limited

Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 28 February 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

2

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

3

Tangible assets

Machinery and equipment
£

Total
£

Cost

Additions

1,100

1,100

At 28 February 2024

1,100

1,100

Depreciation

Charge for the period

128

128

At 28 February 2024

128

128

Carrying amount

At 28 February 2024

972

972

4

Creditors

2024
£

Due within one year

Trade creditors

133

Accruals and deferred income

1,140

Other creditors

16,674

17,947