IRIS Accounts Production v18.2.1.62 02719515 Board of Directors 1.4.17 31.3.18 31.3.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure027195152017-03-31027195152018-03-31027195152017-04-012018-03-31027195152016-03-31027195152016-04-012017-03-31027195152017-03-3102719515ns15:EnglandWales2017-04-012018-03-3102719515ns14:PoundSterling2017-04-012018-03-3102719515ns10:Director12017-04-012018-03-3102719515ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3102719515ns10:SmallEntities2017-04-012018-03-3102719515ns10:AuditExemptWithAccountantsReport2017-04-012018-03-3102719515ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3102719515ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3102719515ns10:FullAccounts2017-04-012018-03-310271951512017-04-012018-03-3102719515ns10:Director22017-04-012018-03-3102719515ns10:Director32017-04-012018-03-3102719515ns10:Director42017-04-012018-03-3102719515ns10:RegisteredOffice2017-04-012018-03-3102719515ns5:CurrentFinancialInstruments2018-03-3102719515ns5:CurrentFinancialInstruments2017-03-3102719515ns5:Non-currentFinancialInstruments2018-03-3102719515ns5:Non-currentFinancialInstruments2017-03-3102719515ns5:ShareCapital2018-03-3102719515ns5:ShareCapital2017-03-3102719515ns5:RetainedEarningsAccumulatedLosses2018-03-3102719515ns5:RetainedEarningsAccumulatedLosses2017-03-3102719515ns5:NetGoodwill2017-04-012018-03-3102719515ns5:IntangibleAssetsOtherThanGoodwill2017-04-012018-03-3102719515ns5:FurnitureFittings2017-04-012018-03-3102719515ns5:MotorVehicles2017-04-012018-03-3102719515ns5:ComputerEquipment2017-04-012018-03-3102719515ns5:NetGoodwill2017-03-3102719515ns5:NetGoodwill2018-03-3102719515ns5:NetGoodwill2017-03-3102719515ns5:PlantMachinery2017-03-3102719515ns5:PlantMachinery2017-04-012018-03-3102719515ns5:PlantMachinery2018-03-3102719515ns5:PlantMachinery2017-03-3102719515ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3102719515ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3102719515ns5:RetainedEarningsAccumulatedLosses2017-03-3102719515ns5:RetainedEarningsAccumulatedLosses2017-04-012018-03-31


REGISTERED NUMBER: 02719515 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Bushells Bakery Ltd

Bushells Bakery Ltd (Registered number: 02719515)






Contents of the Financial Statements
for the year ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Bushells Bakery Ltd

Company Information
for the year ended 31 March 2018







DIRECTORS: P A Bayfield
Mrs P K Bayfield
Mrs S Norman
M L Ellis





REGISTERED OFFICE: 41 Tennyson Road
Lowestoft
Suffolk
NR32 1PS





REGISTERED NUMBER: 02719515 (England and Wales)





ACCOUNTANTS: Hornbeam Accountancy Services Ltd
Chartered Accountants
Hornbeam House
Bidwell Road
Rackheath
Norwich
Norfolk
NR13 6PT

Bushells Bakery Ltd (Registered number: 02719515)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,500 28,000
Tangible assets 5 75,783 90,973
100,283 118,973

CURRENT ASSETS
Stocks 11,453 11,733
Debtors 6 31,130 24,303
Cash at bank and in hand 13,283 22,574
55,866 58,610
CREDITORS
Amounts falling due within one year 7 67,332 49,317
NET CURRENT (LIABILITIES)/ASSETS (11,466 ) 9,293
TOTAL ASSETS LESS CURRENT LIABILITIES 88,817 128,266

CREDITORS
Amounts falling due after more than one year 8 (19,167 ) (13,353 )

PROVISIONS FOR LIABILITIES (18,194 ) (18,194 )
NET ASSETS 51,456 96,719

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 51,356 96,619
51,456 96,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 31 October 2018 and were signed on its behalf by:





P A Bayfield - Director


Bushells Bakery Ltd (Registered number: 02719515)

Notes to the Financial Statements
for the year ended 31 March 2018

1. STATUTORY INFORMATION

Bushells Bakery Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 the business in 2003, is being amortised evenly over its estimated
useful life of ten years from the date of transition to FRS 102 Section 1A

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.
Fixtures and fittings - 15% on reducing balance and 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to
profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2017 - 35 ) .

Bushells Bakery Ltd (Registered number: 02719515)

Notes to the Financial Statements - continued
for the year ended 31 March 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 35,000
AMORTISATION
At 1 April 2017 7,000
Amortisation for year 3,500
At 31 March 2018 10,500
NET BOOK VALUE
At 31 March 2018 24,500
At 31 March 2017 28,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 222,986
Additions 3,226
At 31 March 2018 226,212
DEPRECIATION
At 1 April 2017 132,013
Charge for year 18,416
At 31 March 2018 150,429
NET BOOK VALUE
At 31 March 2018 75,783
At 31 March 2017 90,973

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 25,741 19,690
Other debtors 5,389 4,613
31,130 24,303

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts 13,353 17,968
Trade creditors 30,942 20,989
Taxation and social security 7,732 3,470
Other creditors 15,305 6,890
67,332 49,317

Bushells Bakery Ltd (Registered number: 02719515)

Notes to the Financial Statements - continued
for the year ended 31 March 2018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts - 13,353
Other creditors 19,167 -
19,167 13,353

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.18 31.3.17
£    £   
Hire purchase contracts 13,353 31,321

10. RESERVES
Retained
earnings
£   

At 1 April 2017 96,619
Deficit for the year (29,263 )
Dividends (16,000 )
At 31 March 2018 51,356

11. RELATED PARTY DISCLOSURES

During the year the company paid rent of £41,161 (2017: £41,400) to Mr P Bayfield, a director of the company, for the use of bakery
premises and two retail units which are personally owned by the director.

During the year Mr P Bayfield operated an interest free loan account with the company. At the year end the company owed Mr P
Bayfield £2,616 (2017: - £2,346) which balance is included in other creditors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bushells Bakery Ltd

The following reproduces the text of the report prepared for the directors 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 Directors 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 of Bushells
Bakery Ltd for the year ended 31 March 2018 which comprise the Income Statement, Balance Sheet and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bushells Bakery Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bushells Bakery Ltd and state those matters that we have agreed to state to the Board of Directors of Bushells Bakery Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bushells Bakery Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bushells Bakery Ltd 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 loss of Bushells Bakery Ltd. You consider that Bushells Bakery Ltd 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 Bushells Bakery Ltd. 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.






Hornbeam Accountancy Services Ltd
Chartered Accountants
Hornbeam House
Bidwell Road
Rackheath
Norwich
Norfolk
NR13 6PT


31 October 2018