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REGISTERED NUMBER: 07041710 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

The Genuine Cake Company Limited

The Genuine Cake Company Limited (Registered number: 07041710)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Genuine Cake Company Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: M Sinclair
S Singh
Ms J Tu
Ms Z Liu
Ms J Zhang
Ms X Zhang





REGISTERED OFFICE: 110 Carlton Avenue East
Wembley
HA9 8LY





REGISTERED NUMBER: 07041710 (England and Wales)






The Genuine Cake Company Limited (Registered number: 07041710)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 260,065 204,567

CURRENT ASSETS
Stocks 198,250 126,890
Debtors 5 91,193 60,049
Cash at bank and in hand 83,187 142,406
372,630 329,345
CREDITORS
Amounts falling due within one year 6 181,298 63,579
NET CURRENT ASSETS 191,332 265,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

451,397

470,333

CREDITORS
Amounts falling due after more than one
year

7

135,844

239,015
NET ASSETS 315,553 231,318

CAPITAL AND RESERVES
Called up share capital 12,934 12,934
Retained earnings 302,619 218,384
SHAREHOLDERS' FUNDS 315,553 231,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Genuine Cake Company Limited (Registered number: 07041710)

Balance Sheet - continued
31 December 2022


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

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 30 September 2023 and were signed on its behalf by:





S Singh - Director


The Genuine Cake Company Limited (Registered number: 07041710)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

The Genuine Cake Company Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% 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.

The Genuine Cake Company Limited (Registered number: 07041710)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2021 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 327,899
Additions 77,187
At 31 December 2022 405,086
DEPRECIATION
At 1 January 2022 123,332
Charge for year 21,689
At 31 December 2022 145,021
NET BOOK VALUE
At 31 December 2022 260,065
At 31 December 2021 204,567

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 91,193 60,049

Other debtors include Rent Deposit , Accrued income and advance payments for exhibitions and advertising

The Genuine Cake Company Limited (Registered number: 07041710)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 16,361 9,921
Trade creditors 5,682 4,200
Taxation and social security 75,145 48,616
Other creditors 84,110 842
181,298 63,579

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 135,844 239,015