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REGISTERED NUMBER: 12895231 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2021

for

People Bakery Ltd

People Bakery Ltd (Registered number: 12895231)

Contents of the Financial Statements
for the Year Ended 30 September 2021










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


People Bakery Ltd

Company Information
for the Year Ended 30 September 2021







DIRECTORS: S Matlovicova
E Moschetta





REGISTERED OFFICE: Boundary House
Cricket Field Road
Uxbridge
UB8 1QG





REGISTERED NUMBER: 12895231 (England and Wales)





ACCOUNTANTS: ADHK ACCOUNTANTS
Chartered Certified Accountants
Boundary House
Cricket Field Road
Uxbridge
UB8 1QG

People Bakery Ltd (Registered number: 12895231)

Abridged Statement of Financial Position
30 September 2021

Notes £    £   
FIXED ASSETS
Tangible assets 4 5,528

CURRENT ASSETS
Stocks 650
Debtors 9,808
Cash at bank 33,120
43,578
CREDITORS
Amounts falling due within one year 22,350
NET CURRENT ASSETS 21,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,756

CAPITAL AND RESERVES
Called up share capital 5 100
Retained earnings 26,656
SHAREHOLDERS' FUNDS 26,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 September 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 14 September 2022 and were signed on its behalf by:



E Moschetta - Director


People Bakery Ltd (Registered number: 12895231)

Notes to the Financial Statements
for the Year Ended 30 September 2021


1. STATUTORY INFORMATION

People 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 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 represents the net value of sale of bakery products excluding any discounts during the year.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Equipment - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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 statement of financial position date.


People Bakery Ltd (Registered number: 12895231)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalent
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

People Bakery Ltd (Registered number: 12895231)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 8,292
At 30 September 2021 8,292
DEPRECIATION
Charge for year 2,764
At 30 September 2021 2,764
NET BOOK VALUE
At 30 September 2021 5,528

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 were paid to the directors .

7. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.