Company Registration No. 08916367 (England and Wales)
Before Breakfast Design Ltd.
Unaudited accounts
for the year ended 29 February 2024
Before Breakfast Design Ltd.
Unaudited accounts
Contents
Before Breakfast Design Ltd.
Company Information
for the year ended 29 February 2024
Company Number
08916367 (England and Wales)
Registered Office
1 Masons Place
London
EC1V 8DU
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Before Breakfast Design Ltd.
Statement of financial position
as at 29 February 2024
Tangible assets
570,193
564,020
Cash at bank and in hand
7,177
11,731
Creditors: amounts falling due within one year
(668,497)
(634,971)
Net current liabilities
(641,370)
(612,691)
Total assets less current liabilities
(71,177)
(48,671)
Creditors: amounts falling due after more than one year
(190,900)
(190,900)
Net liabilities
(262,077)
(239,571)
Called up share capital
20
20
Profit and loss account
(262,097)
(239,591)
Shareholders' funds
(262,077)
(239,571)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 November 2024 and were signed on its behalf by
Yu-Hsuan Shen
Director
Company Registration No. 08916367
Before Breakfast Design Ltd.
Notes to the Accounts
for the year ended 29 February 2024
Before Breakfast Design Ltd. is a private company, limited by shares, registered in England and Wales, registration number 08916367. The registered office is 1 Masons Place, London, EC1V 8DU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on straight line
Fixtures & fittings
20% on straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
Before Breakfast Design Ltd.
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
550,615
47,627
7,083
605,325
Additions
6,009
2,550
4,348
12,907
At 29 February 2024
556,624
50,177
11,431
618,232
At 1 March 2023
-
38,523
2,782
41,305
Charge for the year
-
4,516
2,218
6,734
At 29 February 2024
-
43,039
5,000
48,039
At 29 February 2024
556,624
7,138
6,431
570,193
At 28 February 2023
550,615
9,104
4,301
564,020
Amounts falling due within one year
Trade debtors
10,251
2,774
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
10,353
8,513
Taxes and social security
516
20
Loans from directors
656,328
625,138
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
190,900
190,900
Included in amounts falling due after more than one year is director, Miss Yu-Hsuan Shen's loan of£190,900 (2023:£190,900), which is payable at the end of five year terms. The loan is unsecured and subordinated in favour of third party creditors.
Allotted, called up and fully paid:
1 Ordinary shares of £20 each
20
20
Before Breakfast Design Ltd.
Notes to the Accounts
for the year ended 29 February 2024
The ultimate controlling party is Miss. Yu-Hsuan Shen, who is the sole director and holds one hundred percent of the company shares.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).