April's Baker Limited 12116722 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is the design and production of bespoke celebration cakes. Digita Accounts Production Advanced 6.30.9574.0 true 12116722 2022-08-01 2023-07-31 12116722 2023-07-31 12116722 core:CurrentFinancialInstruments 2023-07-31 12116722 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12116722 core:OfficeEquipment 2023-07-31 12116722 core:PlantMachinery 2023-07-31 12116722 bus:SmallEntities 2022-08-01 2023-07-31 12116722 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12116722 bus:FullAccounts 2022-08-01 2023-07-31 12116722 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12116722 bus:RegisteredOffice 2022-08-01 2023-07-31 12116722 bus:Director1 2022-08-01 2023-07-31 12116722 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12116722 core:OfficeEquipment 2022-08-01 2023-07-31 12116722 core:PlantMachinery 2022-08-01 2023-07-31 12116722 countries:EnglandWales 2022-08-01 2023-07-31 12116722 2022-07-31 12116722 core:OfficeEquipment 2022-07-31 12116722 core:PlantMachinery 2022-07-31 12116722 2021-08-01 2022-07-31 12116722 2022-07-31 12116722 core:CurrentFinancialInstruments 2022-07-31 12116722 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 12116722 core:OfficeEquipment 2022-07-31 12116722 core:PlantMachinery 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 12116722

April's Baker Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 July 2023

April's Baker Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

April's Baker Limited

(Registration number: 12116722)
Balance Sheet as at 31 July 2023

| Note | 2023 £ | 2022 £
Fixed assets |  |  |
Tangible assets | 4 | 3,766 | 4,479
Current assets |  |  |
Stocks | 5 | 1,129 | 1,641
Debtors | 6 | 5,160 | 6,460
Cash at bank and in hand |  | 36,621 | 47,940
|  | 42,910 | 56,041
Creditors: Amounts falling due within one year | 7 | (20,366) | (24,245)
Net current assets |  | 22,544 | 31,796
Total assets less current liabilities |  | 26,310 | 36,275
Provisions for liabilities |  | (942) | (1,120)
Net assets |  | 25,368 | 35,155
Capital and reserves |  |  |
Called up share capital |  | 10 | 10
Retained earnings |  | 25,358 | 35,145
Shareholders' funds |  | 25,368 | 35,155

April's Baker Limited

(Registration number: 12116722)
Balance Sheet as at 31 July 2023

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 October 2023 and signed on its behalf by:

......................................... R J Mankoo Director

April's Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of baked goods and cake decoration tutorial classes in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

April's Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office Equipment | 25% reducing balance basis
Plant and Machinery | 25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

April's Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4 | Tangible assets

| Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 August 2022 | 7,492 | 273 | 7,765
Additions | - | 415 | 415
At 31 July 2023 | 7,492 | 688 | 8,180
Depreciation
At 1 August 2022 | 3,200 | 86 | 3,286
Charge for the year | 1,073 | 55 | 1,128
At 31 July 2023 | 4,273 | 141 | 4,414
Carrying amount
At 31 July 2023 | 3,219 | 547 | 3,766
At 31 July 2022 | 4,292 | 187 | 4,479

5 | Stocks

| 2023 £ | 2022 £
Other inventories | 1,129 | 1,641

6 | Debtors

Current | 2023 £ | 2022 £
Trade debtors | 1,692 | 1,566
Prepayments | - | 413
Other debtors | 3,468 | 4,481
| 5,160 | 6,460

April's Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7 | Creditors

Creditors: amounts falling due within one year

| 2023 £ | 2022 £
Due within one year |  |
Trade creditors | 803 | 766
Taxation and social security | 15,992 | 19,929
Other creditors | 3,571 | 3,550
| 20,366 | 24,245

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £3,488 (2022 - £3,488).

9 | Related party transactions

Other transactions with directors

The directors had loan accounts with the company. At the balance sheet date the amount due to the directors was £21 (2022: £nil).