NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Dragonfly Teas Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number 05389000). The registered office address is Old Library Chambers, 21 Chipper Lane, Salisbury, SP1 1BG.
The Company's functional and presentational currency is GBP.
2.Accounting policies
|
|
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:
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
|
The average monthly number of employees, including directors, during the year was 4 (2021 - 4).
|
The Company's immediate and ultimate parent undertaking is Tea Times Holdings Limited, a company registered in England and Wales.
The ultimate controlling parties are P Busse and B Ginsberg by virtue of their shareholding and directorship in the ultimate parent undertaking.
|