Caseware UK (AP4) 2022.0.179 2022.0.179 2022-08-312022-08-312021-08-04true8coffeefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13546561 2021-08-03 13546561 2021-08-04 2022-08-31 13546561 2020-08-04 2021-08-03 13546561 2022-08-31 13546561 c:Director2 2021-08-04 2022-08-31 13546561 d:ComputerEquipment 2021-08-04 2022-08-31 13546561 d:ComputerEquipment 2022-08-31 13546561 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-08-04 2022-08-31 13546561 d:CurrentFinancialInstruments 2022-08-31 13546561 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 13546561 d:ShareCapital 2022-08-31 13546561 d:RetainedEarningsAccumulatedLosses 2022-08-31 13546561 c:FRS102 2021-08-04 2022-08-31 13546561 c:AuditExempt-NoAccountantsReport 2021-08-04 2022-08-31 13546561 c:FullAccounts 2021-08-04 2022-08-31 13546561 c:PrivateLimitedCompanyLtd 2021-08-04 2022-08-31 13546561 d:WithinOneYear 2022-08-31 13546561 d:BetweenOneFiveYears 2022-08-31 13546561 6 2021-08-04 2022-08-31 iso4217:GBP xbrli:pure

Registered number: 13546561









BAKER AND SPICE (GROUP) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2022

 
BAKER AND SPICE (GROUP) LIMITED
REGISTERED NUMBER: 13546561

BALANCE SHEET
AS AT 31 AUGUST 2022

2022
Note
£

Fixed assets
  

Tangible assets
 4 
374

Investments
  
1

  
375

Current assets
  

Stocks
  
9,788

Debtors: amounts falling due within one year
 6 
155,986

Cash at bank and in hand
 7 
6,913

  
172,687

Creditors: amounts falling due within one year
 8 
(260,048)

Net current (liabilities)/assets
  
 
 
(87,361)

Total assets less current liabilities
  
(86,986)

  

Net (liabilities)/assets
  
(86,986)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(87,086)

  
(86,986)


Page 1

 
BAKER AND SPICE (GROUP) LIMITED
REGISTERED NUMBER: 13546561
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Lopez
Director

Date: 1 October 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BAKER AND SPICE (GROUP) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

1.


General information

Baker and Spice (Group) Limited is a company incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.
The company was incorporated on 4 August 2021 and commenced trading on that date. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, with reliance on the directors. Therefore, the director has adopted the going concern basis of accounting in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
BAKER AND SPICE (GROUP) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model 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 the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 
BAKER AND SPICE (GROUP) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument 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 ordinary shares.

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.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


3.


Employees

The average monthly number of employees, including directors, during the period was 8.

Page 5

 
BAKER AND SPICE (GROUP) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
380



At 31 August 2022

380



Depreciation


Charge for the period on owned assets
6



At 31 August 2022

6



Net book value



At 31 August 2022
374


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
2



At 31 August 2022

2



Impairment


Charge for the period
1



At 31 August 2022

1



Net book value



At 31 August 2022
1

Page 6

 
BAKER AND SPICE (GROUP) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

6.


Debtors

2022
£


Trade debtors
60,657

Amounts owed by group undertakings
82,358

Prepayments and accrued income
12,971

155,986



7.


Cash and cash equivalents

2022
£

Cash at bank and in hand
6,913

6,913



8.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
51,763

Other taxation and social security
16,338

Other creditors
116,949

Accruals and deferred income
74,998

260,048



9.


Commitments under operating leases

At 31 August 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
£


Not later than 1 year
80,000

Later than 1 year and not later than 5 years
293,333

373,333

Page 7

 
BAKER AND SPICE (GROUP) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2022

10.


Related party transactions

The company has taken advantage of the exception available under FRS 102 paragraph 33.1a whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.
Included within other creditors are amounts due to directors totalling £105,104. The balances are repayable demand and no interest is paid upon these loans.

 
Page 8