2023-03-012024-02-292024-02-29false10030470SWEET MANAGEMENT LTD2024-11-2682990iso4217:GBPxbrli:pure100304702023-03-01100304702024-02-29100304702023-03-012024-02-29100304702022-03-01100304702023-02-28100304702022-03-012023-02-2810030470bus:SmallEntities2023-03-012024-02-2910030470bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2910030470bus:FullAccounts2023-03-012024-02-2910030470bus:PrivateLimitedCompanyLtd2023-03-012024-02-2910030470core:WithinOneYear2024-02-2910030470core:AfterOneYear2024-02-2910030470core:WithinOneYear2023-02-2810030470core:AfterOneYear2023-02-2810030470core:ShareCapital2024-02-2910030470core:SharePremium2024-02-2910030470core:RevaluationReserve2024-02-2910030470core:OtherReservesSubtotal2024-02-2910030470core:RetainedEarningsAccumulatedLosses2024-02-2910030470core:ShareCapital2023-02-2810030470core:SharePremium2023-02-2810030470core:RevaluationReserve2023-02-2810030470core:OtherReservesSubtotal2023-02-2810030470core:RetainedEarningsAccumulatedLosses2023-02-2810030470core:LandBuildings2024-02-2910030470core:PlantMachinery2024-02-2910030470core:Vehicles2024-02-2910030470core:FurnitureFittings2024-02-2910030470core:OfficeEquipment2024-02-2910030470core:NetGoodwill2024-02-2910030470core:IntangibleAssetsOtherThanGoodwill2024-02-2910030470core:ListedExchangeTraded2024-02-2910030470core:UnlistedNon-exchangeTraded2024-02-2910030470core:LandBuildings2023-02-2810030470core:PlantMachinery2023-02-2810030470core:Vehicles2023-02-2810030470core:FurnitureFittings2023-02-2810030470core:OfficeEquipment2023-02-2810030470core:NetGoodwill2023-02-2810030470core:IntangibleAssetsOtherThanGoodwill2023-02-2810030470core:ListedExchangeTraded2023-02-2810030470core:UnlistedNon-exchangeTraded2023-02-2810030470core:LandBuildings2023-03-012024-02-2910030470core:PlantMachinery2023-03-012024-02-2910030470core:Vehicles2023-03-012024-02-2910030470core:FurnitureFittings2023-03-012024-02-2910030470core:OfficeEquipment2023-03-012024-02-2910030470core:NetGoodwill2023-03-012024-02-2910030470core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910030470core:ListedExchangeTraded2023-03-012024-02-2910030470core:UnlistedNon-exchangeTraded2023-03-012024-02-2910030470core:MoreThanFiveYears2023-03-012024-02-2910030470core:Non-currentFinancialInstruments2024-02-2910030470core:Non-currentFinancialInstruments2023-02-2810030470dpl:CostSales2023-03-012024-02-2910030470dpl:DistributionCosts2023-03-012024-02-2910030470core:LandBuildings2023-03-012024-02-2910030470core:PlantMachinery2023-03-012024-02-2910030470core:Vehicles2023-03-012024-02-2910030470core:FurnitureFittings2023-03-012024-02-2910030470core:OfficeEquipment2023-03-012024-02-2910030470dpl:AdministrativeExpenses2023-03-012024-02-2910030470core:NetGoodwill2023-03-012024-02-2910030470core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910030470dpl:GroupUndertakings2023-03-012024-02-2910030470dpl:ParticipatingInterests2023-03-012024-02-2910030470dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2910030470core:ListedExchangeTraded2023-03-012024-02-2910030470dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2910030470core:UnlistedNon-exchangeTraded2023-03-012024-02-2910030470dpl:CostSales2022-03-012023-02-2810030470dpl:DistributionCosts2022-03-012023-02-2810030470core:LandBuildings2022-03-012023-02-2810030470core:PlantMachinery2022-03-012023-02-2810030470core:Vehicles2022-03-012023-02-2810030470core:FurnitureFittings2022-03-012023-02-2810030470core:OfficeEquipment2022-03-012023-02-2810030470dpl:AdministrativeExpenses2022-03-012023-02-2810030470core:NetGoodwill2022-03-012023-02-2810030470core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2810030470dpl:GroupUndertakings2022-03-012023-02-2810030470dpl:ParticipatingInterests2022-03-012023-02-2810030470dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2810030470core:ListedExchangeTraded2022-03-012023-02-2810030470dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2810030470core:UnlistedNon-exchangeTraded2022-03-012023-02-2810030470core:NetGoodwill2024-02-2910030470core:IntangibleAssetsOtherThanGoodwill2024-02-2910030470core:LandBuildings2024-02-2910030470core:PlantMachinery2024-02-2910030470core:Vehicles2024-02-2910030470core:FurnitureFittings2024-02-2910030470core:OfficeEquipment2024-02-2910030470core:AfterOneYear2024-02-2910030470core:WithinOneYear2024-02-2910030470core:ListedExchangeTraded2024-02-2910030470core:UnlistedNon-exchangeTraded2024-02-2910030470core:ShareCapital2024-02-2910030470core:SharePremium2024-02-2910030470core:RevaluationReserve2024-02-2910030470core:OtherReservesSubtotal2024-02-2910030470core:RetainedEarningsAccumulatedLosses2024-02-2910030470core:NetGoodwill2023-02-2810030470core:IntangibleAssetsOtherThanGoodwill2023-02-2810030470core:LandBuildings2023-02-2810030470core:PlantMachinery2023-02-2810030470core:Vehicles2023-02-2810030470core:FurnitureFittings2023-02-2810030470core:OfficeEquipment2023-02-2810030470core:AfterOneYear2023-02-2810030470core:WithinOneYear2023-02-2810030470core:ListedExc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SWEET MANAGEMENT LTD

Registered Number
10030470
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

SWEET MANAGEMENT LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

BEST, Fiona Jane
BEST, William Nicholas

Registered Address

Pier View Pier View
South John Street
New Quay
SA45 9NG

Registered Number

10030470 (England and Wales)
SWEET MANAGEMENT LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets331,50031,500
Tangible assets414,26022,253
45,76053,753
Current assets
Debtors511,257402
Cash at bank and on hand23,0923,469
34,3493,871
Creditors amounts falling due within one year6(79,527)(56,932)
Net current assets (liabilities)(45,178)(53,061)
Total assets less current liabilities582692
Net assets582692
Capital and reserves
Called up share capital102102
Profit and loss account480590
Shareholders' funds582692
The financial statements were approved and authorised for issue by the Board of Directors on 26 November 2024, and are signed on its behalf by:
BEST, William Nicholas
Director
Registered Company No. 10030470
SWEET MANAGEMENT LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-4
Fixtures and fittings-10
Office Equipment25-
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 March 2331,50031,500
At 29 February 2431,50031,500
Net book value
At 29 February 2431,50031,500
At 28 February 2331,50031,500
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 March 2331,97313,32345,296
At 29 February 2431,97313,32345,296
Depreciation and impairment
At 01 March 2317,1715,87223,043
Charge for year6,7371,2567,993
At 29 February 2423,9087,12831,036
Net book value
At 29 February 248,0656,19514,260
At 28 February 2314,8027,45122,253
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables10,856-
Other debtors401402
Total11,257402
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties69,65251,897
Taxation and social security7,3613,078
Accrued liabilities and deferred income2,5141,957
Total79,52756,932
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Related party transactions
As of the year end 29th February 2024 the following are owed. Mr W Best - £18,155.05 Mrs F Best - £26,496.71