71 false false false false false false false false false false true false false false false false false 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06438832 2023-09-01 2024-08-31 06438832 2024-08-31 06438832 2023-08-31 06438832 2022-09-01 2023-08-31 06438832 2023-08-31 06438832 2022-08-31 06438832 core:LandBuildings 2023-09-01 2024-08-31 06438832 core:PlantMachinery 2023-09-01 2024-08-31 06438832 core:FurnitureFittings 2023-09-01 2024-08-31 06438832 core:MotorVehicles 2023-09-01 2024-08-31 06438832 bus:Director1 2023-09-01 2024-08-31 06438832 core:LandBuildings 2023-08-31 06438832 core:PlantMachinery 2023-08-31 06438832 core:FurnitureFittings 2023-08-31 06438832 core:MotorVehicles 2023-08-31 06438832 core:LandBuildings 2024-08-31 06438832 core:PlantMachinery 2024-08-31 06438832 core:FurnitureFittings 2024-08-31 06438832 core:MotorVehicles 2024-08-31 06438832 core:WithinOneYear 2024-08-31 06438832 core:WithinOneYear 2023-08-31 06438832 core:AfterOneYear 2024-08-31 06438832 core:AfterOneYear 2023-08-31 06438832 core:ShareCapital 2024-08-31 06438832 core:ShareCapital 2023-08-31 06438832 core:RetainedEarningsAccumulatedLosses 2024-08-31 06438832 core:RetainedEarningsAccumulatedLosses 2023-08-31 06438832 core:LandBuildings 2023-08-31 06438832 core:PlantMachinery 2023-08-31 06438832 core:FurnitureFittings 2023-08-31 06438832 core:MotorVehicles 2023-08-31 06438832 bus:SmallEntities 2023-09-01 2024-08-31 06438832 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06438832 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06438832 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06438832 bus:FullAccounts 2023-09-01 2024-08-31 06438832 core:ComputerEquipment 2023-09-01 2024-08-31 06438832 core:ComputerEquipment 2023-08-31 06438832 core:ComputerEquipment 2024-08-31
COMPANY REGISTRATION NUMBER: 06438832
Totally Delicious Ltd
Filleted Unaudited Financial Statements
31 August 2024
Totally Delicious Ltd
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,507,403
1,541,130
Current assets
Stocks
83,555
65,444
Debtors
6
42,407
42,682
Cash at bank and in hand
87,145
113,418
---------
---------
213,107
221,544
Creditors: amounts falling due within one year
7
613,712
847,930
---------
---------
Net current liabilities
400,605
626,386
------------
------------
Total assets less current liabilities
1,106,798
914,744
Creditors: amounts falling due after more than one year
8
1,051,864
845,000
Provisions
Taxation including deferred tax
( 33,286)
( 31,286)
------------
---------
Net assets
88,220
101,030
------------
---------
Totally Delicious Ltd
Statement of Financial Position (continued)
31 August 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
200
200
Profit and loss account
88,020
100,830
--------
---------
Shareholders funds
88,220
101,030
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 June 2025 , and are signed on behalf of the board by:
D R Bowers
Director
Company registration number: 06438832
Totally Delicious Ltd
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The accounts have been prepared on a going concern basis .The directors will continue to support the company personally.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Additions to landlords premises
-
2% straight line
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
20% reducing balance
Motor Vehicles
-
20% straight line
Computer equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 71 (2023: 120 ).
5. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Sep 2023
1,122,426
1,002,223
289,960
6,805
69,255
2,490,669
Additions
60,510
21,022
81,532
------------
------------
---------
-------
--------
------------
At 31 Aug 2024
1,122,426
1,062,733
310,982
6,805
69,255
2,572,201
------------
------------
---------
-------
--------
------------
Depreciation
At 1 Sep 2023
160,213
512,441
205,194
2,495
69,196
949,539
Charge for the year
22,448
74,389
17,022
1,361
39
115,259
------------
------------
---------
-------
--------
------------
At 31 Aug 2024
182,661
586,830
222,216
3,856
69,235
1,064,798
------------
------------
---------
-------
--------
------------
Carrying amount
At 31 Aug 2024
939,765
475,903
88,766
2,949
20
1,507,403
------------
------------
---------
-------
--------
------------
At 31 Aug 2023
962,213
489,782
84,766
4,310
59
1,541,130
------------
------------
---------
-------
--------
------------
6. Debtors
2024
2023
£
£
Trade debtors
14,450
15,520
Other debtors
27,957
27,162
--------
--------
42,407
42,682
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
202,464
284,512
Social security and other taxes
172,590
201,786
Other creditors
238,658
361,632
---------
---------
613,712
847,930
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
1,051,864
845,000
------------
---------
9. Director's advances, credits and guarantees
Included in other creditors is £416 (2023 £41) due to D R Bowers , the company director.
10. Related party transactions
The company was under the control of Mr D R Bowers throughout the current and previous year.
11. Controlling party
The ultimate parent company is The Great People Group Ltd who owns 100% of the company's share capital. Included in other creditors is £773,508 (2023 £790,978) due to this company.