Big Juice Ltd 07896982 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is take-away juice bars Digita Accounts Production Advanced 6.30.9574.0 true true 07896982 2023-02-01 2024-01-31 07896982 2024-01-31 07896982 bus:OrdinaryShareClass1 2024-01-31 07896982 core:CurrentFinancialInstruments 2024-01-31 07896982 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 07896982 core:Non-currentFinancialInstruments 2024-01-31 07896982 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 07896982 core:FurnitureFittingsToolsEquipment 2024-01-31 07896982 core:MotorVehicles 2024-01-31 07896982 bus:SmallEntities 2023-02-01 2024-01-31 07896982 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07896982 bus:FilletedAccounts 2023-02-01 2024-01-31 07896982 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07896982 bus:RegisteredOffice 2023-02-01 2024-01-31 07896982 bus:Director1 2023-02-01 2024-01-31 07896982 bus:Director2 2023-02-01 2024-01-31 07896982 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 07896982 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07896982 core:FurnitureFittings 2023-02-01 2024-01-31 07896982 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 07896982 core:MotorCars 2023-02-01 2024-01-31 07896982 core:MotorVehicles 2023-02-01 2024-01-31 07896982 countries:England 2023-02-01 2024-01-31 07896982 2023-01-31 07896982 core:FurnitureFittingsToolsEquipment 2023-01-31 07896982 core:MotorVehicles 2023-01-31 07896982 2022-02-01 2023-01-31 07896982 2023-01-31 07896982 bus:OrdinaryShareClass1 2023-01-31 07896982 core:CurrentFinancialInstruments 2023-01-31 07896982 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 07896982 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-01-31 07896982 core:Non-currentFinancialInstruments 2023-01-31 07896982 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 07896982 core:Non-currentFinancialInstruments core:AfterOneYear core:PreviouslyStatedAmount 2023-01-31 07896982 core:FurnitureFittingsToolsEquipment 2023-01-31 07896982 core:MotorVehicles 2023-01-31 07896982 core:PreviouslyStatedAmount 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07896982

Big Juice Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Big Juice Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Big Juice Ltd

Company Information

Directors

Miss H K Grewal

Mr J Le Fevre

Registered office

Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

Accountants

Newsham Hanson Accountants Limited
Accountants & Business Advisors
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

 

Big Juice Ltd

(Registration number: 07896982)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

3,232

3,058

Current assets

 

Stocks

4

14,400

8,600

Debtors

5

11,169

7,041

Cash at bank and in hand

 

5,121

42,936

 

30,690

58,577

Creditors: Amounts falling due within one year

6

(27,041)

(35,878)

Net current assets

 

3,649

22,699

Total assets less current liabilities

 

6,881

25,757

Creditors: Amounts falling due after more than one year

6

(13,471)

(23,471)

Net (liabilities)/assets

 

(6,590)

2,286

Capital and reserves

 

Called up share capital

7

2,000

2,000

Retained earnings

(8,590)

286

Shareholders' (deficit)/funds

 

(6,590)

2,286

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2024 and signed on its behalf by:
 

.........................................
Miss H K Grewal
Director

 

Big Juice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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

Furniture and fittings

25% reducing balance basis

Motor cars

25% reducing balance basis

 

Big Juice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Big Juice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 6).

3

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

26,210

2,000

28,210

Additions

-

2,292

2,292

At 31 January 2024

26,210

4,292

30,502

Depreciation

At 1 February 2023

23,152

2,000

25,152

Charge for the year

1,545

573

2,118

At 31 January 2024

24,697

2,573

27,270

Carrying amount

At 31 January 2024

1,513

1,719

3,232

At 31 January 2023

3,058

-

3,058

4

Stocks

2024
£

2023
£

Raw materials and consumables

-

5,500

Finished goods and goods for resale

14,400

3,100

14,400

8,600

5

Debtors

Current

2024
£

2023
£

Other debtors

11,169

7,041

 

11,169

7,041

 

Big Juice Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

10,000

10,000

trade creditors

 

7,578

9,587

Amounts owed to related parties

-

138

Taxation and social security

 

2,970

418

Other creditors

 

6,493

15,735

 

27,041

35,878

Due after one year

 

Loans and borrowings

8

13,471

23,471

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

13,471

23,471

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2,000

2,000

2,000

2,000

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

13,471

23,471

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000