Company Registration No. 6642613 (England and Wales)
BLOOMSBURY BAKERY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
BLOOMSBURY BAKERY LTD
COMPANY INFORMATION
Directors
Mr Nicholas Markiewicz
Mrs Melanie Markiewicz
Mr Sam Markiewicz
Mr Matthew Markiewicz
Company number
6642613
Registered office
Blue Pig Cottage
1 Elmer Street North
Grantham
Lincs.
NG31 6RE
Accountants
Burgin & Co
Blue Pig Cottage
1 Elmer Street North
Grantham
Lincs.
NG31 6RE
Business address
Inner Street Business Park
Inner Street
Grantham
Lincs
UK
NG31 6HN
BLOOMSBURY BAKERY LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
BLOOMSBURY BAKERY LTD
BALANCE SHEET
AS AT
31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
4
47,567
61,064
Current assets
Stocks
7,500
7,500
Debtors
67,914
38,046
Cash at bank and in hand
13,984
85,583
89,398
131,129
Creditors: amounts falling due within one year
Loans and overdrafts
15,765
9,998
Obligations under finance leases
9,654
8,830
Taxation and social security
30,666
36,259
Other creditors
14,317
33,421
70,402
88,508
Net current assets
18,996
42,621
Total assets less current liabilities
66,563
103,685
Creditors: amounts falling due after more than one year
Loans and overdrafts
42,985
58,752
Obligations under finance leases
12,743
23,234
(55,728)
(81,986)
Provisions for liabilities
(9,037)
(11,602)
Net assets
1,798
10,097
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,698
9,997
Total equity
1,798
10,097
BLOOMSBURY BAKERY LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2021
31 December 2021
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 9 September 2022 and are signed on its behalf by:
Mrs Melanie Markiewicz
Director
Company Registration No. 6642613
BLOOMSBURY BAKERY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 3 -
1
Accounting policies
Company information

Bloomsbury Bakery Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Blue Pig Cottage, 1 Elmer Street North, Grantham, Lincs., NG31 6RE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on reducing balance
Computers
33% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost 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..

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

BLOOMSBURY BAKERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 4 -
1.7
Leases

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

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2021
2020
Number
Number
Total
21
21
BLOOMSBURY BAKERY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 5 -
4
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2021
210,020
2,844
60,294
273,158
Additions
-
0
416
-
0
416
At 31 December 2021
210,020
3,260
60,294
273,574
Depreciation and impairment
At 1 January 2021
167,467
1,103
43,524
212,094
Depreciation charged in the year
8,675
1,085
4,153
13,913
At 31 December 2021
176,142
2,188
47,677
226,007
Carrying amount
At 31 December 2021
33,878
1,072
12,617
47,567
At 31 December 2020
42,553
1,741
16,770
61,064
5
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2021
2020
£
£
47,760
71,640
2021-12-312021-01-01false09 September 2022CCH SoftwareCCH Accounts Production 2022.200No description of principal activityMr Nicholas MarkiewiczMrs Melanie MarkiewiczMr Sam MarkiewiczMr Matthew Markiewicz66426132021-01-012021-12-316642613bus:Director12021-01-012021-12-316642613bus:Director22021-01-012021-12-316642613bus:Director32021-01-012021-12-316642613bus:Director42021-01-012021-12-316642613bus:RegisteredOffice2021-01-012021-12-3166426132021-12-3166426132020-12-316642613core:PlantMachinery2021-12-316642613core:ComputerEquipment2021-12-316642613core:MotorVehicles2021-12-316642613core:PlantMachinery2020-12-316642613core:ComputerEquipment2020-12-316642613core:MotorVehicles2020-12-316642613core:CurrentFinancialInstruments2021-12-316642613core:CurrentFinancialInstruments2020-12-316642613core:Non-currentFinancialInstruments2021-12-316642613core:Non-currentFinancialInstruments2020-12-316642613core:CurrentFinancialInstrumentscore:WithinOneYear2021-12-316642613core:CurrentFinancialInstrumentscore:WithinOneYear2020-12-316642613core:ShareCapital2021-12-316642613core:ShareCapital2020-12-316642613core:RetainedEarningsAccumulatedLosses2021-12-316642613core:RetainedEarningsAccumulatedLosses2020-12-316642613core:PlantMachinery2021-01-012021-12-316642613core:ComputerEquipment2021-01-012021-12-316642613core:MotorVehicles2021-01-012021-12-3166426132020-01-012020-12-316642613core:PlantMachinery2020-12-316642613core:ComputerEquipment2020-12-316642613core:MotorVehicles2020-12-3166426132020-12-316642613bus:PrivateLimitedCompanyLtd2021-01-012021-12-316642613bus:SmallCompaniesRegimeForAccounts2021-01-012021-12-316642613bus:FRS1022021-01-012021-12-316642613bus:AuditExemptWithAccountantsReport2021-01-012021-12-316642613bus:FullAccounts2021-01-012021-12-31xbrli:purexbrli:sharesiso4217:GBP