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COMPANY REGISTRATION NUMBER: 13025312
SWEET TOOTH BAKERY LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDING
29 November 2022
SWEET TOOTH BAKERY LTD
STATEMENT OF FINANCIAL POSITION
29 November 2022
29 Nov 22
30 Nov 21
Note
£
£
£
FIXED ASSETS
Tangible assets
5
7,170
800
CURRENT ASSETS
Stocks
3,000
2,100
Debtors
6
27,062
1,521
Cash at bank and in hand
7,455
5,405
--------
-------
37,517
9,026
CREDITORS: amounts falling due within one year
7
( 17,514)
( 7,674)
--------
-------
NET CURRENT ASSETS
20,003
1,352
--------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
27,173
2,152
CREDITORS: amounts falling due after more than one year
8
( 5,807)
--------
-------
NET ASSETS
21,366
2,152
--------
-------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
21,365
2,151
--------
-------
SHAREHOLDERS FUNDS
21,366
2,152
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 29 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SWEET TOOTH BAKERY LTD
STATEMENT OF FINANCIAL POSITION (continued)
29 November 2022
These financial statements were approved by the board of directors and authorised for issue on 28 September 2023 , and are signed on behalf of the board by:
C Stalbow
Director
Company registration number: 13025312
SWEET TOOTH BAKERY LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 DECEMBER 2021 TO 29 NOVEMBER 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22 Bridge End, Leeds, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
5 years
Equipment
-
5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 5 (2021: 2 ).
5. TANGIBLE ASSETS
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 December 2021
1,000
1,000
Additions
8,212
8,212
-------
-------
-------
At 29 November 2022
8,212
1,000
9,212
-------
-------
-------
Depreciation
At 1 December 2021
200
200
Charge for the period
1,642
200
1,842
-------
-------
-------
At 29 November 2022
1,642
400
2,042
-------
-------
-------
Carrying amount
At 29 November 2022
6,570
600
7,170
-------
-------
-------
At 30 November 2021
800
800
-------
-------
-------
6. DEBTORS
29 Nov 22
30 Nov 21
£
£
Trade debtors
22,772
1,521
Other debtors
4,290
--------
-------
27,062
1,521
--------
-------
7. CREDITORS: amounts falling due within one year
29 Nov 22
30 Nov 21
£
£
Trade creditors
9,819
Corporation tax
3,951
1,488
Social security and other taxes
2,042
1,227
Other creditors
1,702
4,959
--------
-------
17,514
7,674
--------
-------
8. CREDITORS: amounts falling due after more than one year
29 Nov 22
30 Nov 21
£
£
Other creditors
5,807
-------
----