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REGISTERED NUMBER: 07394725 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st October 2022

for

London Agege Bread Bakers Limited

London Agege Bread Bakers Limited (Registered number: 07394725)






Contents of the Financial Statements
For The Year Ended 31st October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


London Agege Bread Bakers Limited

Company Information
For The Year Ended 31st October 2022







DIRECTOR: A Ayantuga





SECRETARY: Ms B Ayantuga





REGISTERED OFFICE: Unit 17
Anchorage Point
90 Anchor & Hopelane
London
SE7 7SQ





REGISTERED NUMBER: 07394725 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

London Agege Bread Bakers Limited (Registered number: 07394725)

Balance Sheet
31st October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 217,930 236,687

CURRENT ASSETS
Inventories 3,000 3,000
Debtors 5 36,167 15,607
Cash at bank 74,263 90,478
113,430 109,085
CREDITORS
Amounts falling due within one year 6 92,355 129,995
NET CURRENT ASSETS/(LIABILITIES) 21,075 (20,910 )
TOTAL ASSETS LESS CURRENT LIABILITIES 239,005 215,777

CREDITORS
Amounts falling due after more than one year 7 36,301 17,127
NET ASSETS 202,704 198,650

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 202,604 198,550
202,704 198,650

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th October 2023 and were signed by:





A Ayantuga - Director


London Agege Bread Bakers Limited (Registered number: 07394725)

Notes to the Financial Statements
For The Year Ended 31st October 2022

1. STATUTORY INFORMATION

London Agege Bread Bakers 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
Revenue 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 & Machinery - 12.50% Reducing balance method
Fixture and fittings - 12.50% Reducing balance method
Motor vehicles - 12.50% Reducing balance method
Office Equipment - 12.50% Reducing balance method

Stocks
Inventories 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.

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 9 (2021 - 9 ) .

London Agege Bread Bakers Limited (Registered number: 07394725)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2022

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st November 2021 16,025 501,268 517,293
Additions - 9,214 9,214
At 31st October 2022 16,025 510,482 526,507
DEPRECIATION
At 1st November 2021 - 280,606 280,606
Charge for year - 27,971 27,971
At 31st October 2022 - 308,577 308,577
NET BOOK VALUE
At 31st October 2022 16,025 201,905 217,930
At 31st October 2021 16,025 220,662 236,687

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 35,417 4,897
Other debtors 750 10,710
36,167 15,607

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,514 5,000
Trade creditors 1,099 14,036
Taxation and social security 11,943 36,105
Other creditors 73,799 74,854
92,355 129,995

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 36,301 17,127