Berry Blue Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05645132 (England and Wales)

Financial Statements

for the Year Ended 31 December 2022

for

Berry Blue Limited

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mrs L Brown

SECRETARY:

Mrs L Brown

REGISTERED OFFICE:

Upper Upthorpe Farm

11 Upthorpe

Cam

Gloucestershire

GL11 5HR

REGISTERED NUMBER:

05645132 (England and Wales)

ACCOUNTANTS:

GCSD Accountants Limited

701 Stonehouse Park

Sperry Way

Stonehouse

Gloucestershire

GL10 3UT

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

GCSD Accountants Limited

20 July 2023

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

177,288

68,942

177,288

68,942

CURRENT ASSETS

Stocks

51,835

26,195

Debtors

6

190,213

127,642

Cash at bank and in hand

283,253

326,871

525,301

480,708

CREDITORS

Amounts falling due within one year

7

529,784

414,060

NET CURRENT (LIABILITIES)/ASSETS

(4,483

)

66,648

TOTAL ASSETS LESS CURRENT LIABILITIES

172,805

135,590

CREDITORS

Amounts falling due after more than one year

8

133,334

176,667

NET ASSETS/(LIABILITIES)

39,471

(41,077

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

39,469

(41,079

)

39,471

(41,077

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 July 2023 and were signed by:

Mrs L Brown - Director

1.	STATUTORY INFORMATION

Berry Blue Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Government grants

The company has taken advantage of the government's Coronavirus Business Interruption Loan Scheme. The grant element relates to interest costs being covered for the first 12 months of the loan term. The income has been recognised on a systematic basis over periods in which the entity recognises the related costs for which the grant is intended to compensate.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The company is reliant on the continued support of the director in order to continue operations.

There is no indication that this support will be withdrawn within the next twelve months. The financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2021 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2022

and 31 December 2022

26,667

AMORTISATION

At 1 January 2022

and 31 December 2022

26,667

NET BOOK VALUE

At 31 December 2022

-

At 31 December 2021

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2022

329,855

8,800

2,065

340,720

Additions

39,540

77,505

2,538

119,583

Disposals

(250

)

-

-

(250

)

At 31 December 2022

369,145

86,305

4,603

460,053

DEPRECIATION

At 1 January 2022

269,562

1,313

903

271,778

Charge for year

9,689

1,123

175

10,987

At 31 December 2022

279,251

2,436

1,078

282,765

NET BOOK VALUE

At 31 December 2022

89,894

83,869

3,525

177,288

At 31 December 2021

60,293

7,487

1,162

68,942

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

59,337

124,176

Other debtors

130,876

3,466

190,213

127,642

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

40,000

23,333

Trade creditors

74,542

74,207

Taxation and social security

154,665

79,309

Other creditors

260,577

237,211

529,784

414,060

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

133,334

176,667

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

13,334

56,667

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022

2021

£

£

Mrs L Brown

Balance outstanding at start of year

(62,377

)

(232,796

)

Amounts advanced

264,891

203,777

Amounts repaid

(76,369

)

(33,358

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

126,145

(62,377

)