Registered number
13361717
Berry Brands Ltd
Filleted Accounts
29 February 2024
Berry Brands Ltd
Registered number: 13361717
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 48,927 -
Current assets
Debtors 4 20,628 11,464
Cash at bank and in hand 10,783 12,229
31,411 23,693
Creditors: amounts falling due within one year 5 (32,114) (21,311)
Net current (liabilities)/assets (703) 2,382
Total assets less current liabilities 48,224 2,382
Creditors: amounts falling due after more than one year 6 (47,005) -
Net assets 1,219 2,382
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,119 2,282
Shareholder's funds 1,219 2,382
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gamze Yildirim
Director
Approved by the board on 3 November 2024
Berry Brands Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Motor Vehicle 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 3,960 - 3,960
Additions 340 57,871 58,211
At 29 February 2024 4,300 57,871 62,171
Depreciation
Charge for the year 1,075 12,169 13,244
At 29 February 2024 1,075 12,169 13,244
Net book value
At 29 February 2024 3,225 45,702 48,927
At 28 February 2023 3,960 - 3,960
4 Debtors 2024 2023
£ £
Trade debtors 19,976 11,464
Other debtors 652 -
20,628 11,464
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 467 -
Trade creditors 234 22
Taxation and social security costs 25,019 14,562
Other creditors 6,394 6,727
32,114 21,311
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 47,005 -
7 Other information
Berry Brands Ltd is a private company limited by shares and incorporated in England. Its registered office is:
338a
Regents Park Road
Finchley Central
London
N3 2LN
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