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Registration number: 09236815

Cookie Dough Retail Trading Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Cookie Dough Retail Trading Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 10

 

Cookie Dough Retail Trading Ltd

(Registration number: 09236815)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

52,871

62,803

Tangible assets

5

620,134

744,184

 

673,005

806,987

Current assets

 

Stocks

6

49,137

49,961

Debtors

7

2,256,133

1,782,117

Cash at bank and in hand

 

70,646

379,903

 

2,375,916

2,211,981

Creditors: Amounts falling due within one year

8

(2,482,661)

(2,242,811)

Net current liabilities

 

(106,745)

(30,830)

Total assets less current liabilities

 

566,260

776,157

Creditors: Amounts falling due after more than one year

8

(168,762)

(242,242)

Provisions for liabilities

(77,518)

(98,992)

Net assets

 

319,980

434,923

Capital and reserves

 

Called up share capital

3

3

Retained earnings

319,977

434,920

Shareholders' funds

 

319,980

434,923

 

Cookie Dough Retail Trading Ltd

(Registration number: 09236815)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 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 20 February 2025 and signed on its behalf by:
 

Mr T Ghali
Director

   
     
 

Cookie Dough Retail Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Queen Street
Bath
BA1 1HE

These financial statements were authorised for issue by the Board on 20 February 2025.

2

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.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

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

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.

Other grants

Grants are credited to deferred income. Grants towards capital expenditure are released to the profit
and loss account over the expected useful life of the assets. Grants towards revenue expenditure are
released to the profit and loss account as the related expenditure is incurred.

 

Cookie Dough Retail Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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

Plant and machinery

10 - 33% straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trademarks, patents & licenses

5-20% straight line

Internally generated software development costs

20% straight line

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.

 

Cookie Dough Retail Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

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 stocks 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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

 

Cookie Dough Retail Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 46 (2022 - 102).

 

Cookie Dough Retail Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Intangible assets

Trademarks, patents and licenses
 £

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 January 2023

19,503

70,453

89,956

Additions acquired separately

-

5,500

5,500

At 31 December 2023

19,503

75,953

95,456

Amortisation

At 1 January 2023

2,337

24,816

27,153

Amortisation charge

975

14,457

15,432

At 31 December 2023

3,312

39,273

42,585

Carrying amount

At 31 December 2023

16,191

36,680

52,871

At 31 December 2022

17,166

45,637

62,803

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

1,258,419

1,258,419

Additions

3,221

3,221

At 31 December 2023

1,261,640

1,261,640

Depreciation

At 1 January 2023

514,235

514,235

Charge for the year

127,271

127,271

At 31 December 2023

641,506

641,506

Carrying amount

At 31 December 2023

620,134

620,134

At 31 December 2022

744,184

744,184

 

Cookie Dough Retail Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Stocks

2023
£

2022
£

Other inventories

49,137

49,961

7

Debtors

Note

2023
£

2022
£

Trade debtors

 

62,914

57,350

Amounts owed by related parties

11

1,883,164

1,441,998

Other debtors

 

173,886

186,685

Prepayments

 

136,169

67,084

Accrued income

 

-

29,000

 

2,256,133

1,782,117

8

Creditors

Due within one year

Note

2023
£

2022
£

 

Loans and borrowings

9

87,297

97,569

Trade creditors

 

191,509

148,732

Amounts due to related parties

11

2,181,854

1,978,198

Social security and other taxes

 

9,522

10,565

Other creditors

 

-

2,744

Accruals

 

12,479

5,003

 

2,482,661

2,242,811

Due after one year

 

Loans and borrowings

9

168,762

242,242

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £256,059 (2022 - £339,811).

Hire purchase and finance leases are secured against the assets to which they relate,

The company bankers have a fixed and floating charge over the company's assets both present and future dated 22 June 2022.

 

Cookie Dough Retail Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

9

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

163,856

216,148

Hire purchase contracts

4,906

26,094

168,762

242,242

Current loans and borrowings

2023
£

2022
£

Bank borrowings

52,293

52,292

Hire purchase contracts

35,004

45,277

87,297

97,569

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £44,914 (2022 - £43,762). The company is a guarantor of its parents loan.

11

Related party transactions

Summary of transactions with other related parties

The company has taken advantage of the exemption available in FRS 102 whereby it has not disclosed transactions or balances with and wholly owned subsidiary undertaking of the group.
 

Loans to related parties

2023

Associates
£

Total
£

At start of period

482,503

482,503

Advanced

30,275

30,275

Repaid

(2,942)

(2,942)

At end of period

509,836

509,836

2022

Associates
£

Total
£

At start of period

5,100

5,100

Advanced

477,403

477,403

At end of period

482,503

482,503

 

Cookie Dough Retail Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Terms of loans to related parties

Loans to associates are interest free and repayable on demand.
 

Loans from related parties

2023

Key management
£

Other related parties
£

Total
£

At start of period

109,930

60,905

170,835

Advanced

-

129,556

129,556

Repaid

-

(20,863)

(20,863)

At end of period

109,930

169,598

279,528

2022

Key management
£

Other related parties
£

Total
£

At start of period

109,930

67,881

177,811

Repaid

-

(6,976)

(6,976)

At end of period

109,930

60,905

170,835

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.

 Loans from other related parties are interest free and repayable on demand.