Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04646559 2023-04-01 2024-03-31 04646559 2022-04-01 2023-03-31 04646559 2024-03-31 04646559 2023-03-31 04646559 c:CompanySecretary1 2023-04-01 2024-03-31 04646559 c:Director1 2023-04-01 2024-03-31 04646559 c:Director2 2023-04-01 2024-03-31 04646559 c:Director3 2023-04-01 2024-03-31 04646559 c:RegisteredOffice 2023-04-01 2024-03-31 04646559 d:CurrentFinancialInstruments 2024-03-31 04646559 d:CurrentFinancialInstruments 2023-03-31 04646559 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04646559 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04646559 d:ShareCapital 2024-03-31 04646559 d:ShareCapital 2023-03-31 04646559 d:RetainedEarningsAccumulatedLosses 2024-03-31 04646559 d:RetainedEarningsAccumulatedLosses 2023-03-31 04646559 c:FRS102 2023-04-01 2024-03-31 04646559 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04646559 c:FullAccounts 2023-04-01 2024-03-31 04646559 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04646559 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 04646559







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


BRITANNIA TEA COMPANY LIMITED






































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BRITANNIA TEA COMPANY LIMITED
 


 
COMPANY INFORMATION


Directors
M. Y. Beyad 
M. R. Beyad 
M. Beyad 




Company secretary
M. R. Beyad



Registered number
04646559



Registered office
320 King Street
Hammersmith

London

W6 0RR




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


BRITANNIA TEA COMPANY LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 3


 


BRITANNIA TEA COMPANY LIMITED
REGISTERED NUMBER:04646559



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
12,967
4,287

Debtors: amounts falling due within one year
 4 
25,182
17,662

Cash at bank and in hand
  
480,830
529,468

  
518,979
551,417

Creditors: amounts falling due within one year
 5 
(2,143)
(36,299)

Net current assets
  
 
 
516,836
 
 
515,118

Total assets less current liabilities
  
516,836
515,118

  

Net assets
  
516,836
515,118


Capital and reserves
  

Allotted, called up and fully paid share capital
  
14,000
14,000

Profit and loss account
  
502,836
501,118

  
516,836
515,118


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M. Y. Beyad
Director

Date: 7 February 2025

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 


BRITANNIA TEA COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Britannia Tea Company Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is derived from the sale of and commissions receivable on sale of premium quality tea products and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

evenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 

At each reporting date, stocks are assessed for impairment. If stock is 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.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 2

 


BRITANNIA TEA COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Debtors

2024
2023
£
£


Trade debtors
2,203
1,221

Amounts owed by group undertakings
12,000
12,000

Other debtors
1,479
-

Prepayments and accrued income
9,500
124

Tax recoverable
-
4,317

25,182
17,662



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
34,513

Corporation tax
443
36

Accruals and deferred income
1,700
1,750

2,143
36,299


 
Page 3