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REGISTERED NUMBER: 07620925 (England and Wales)


















A J Pies and Pastries Limited

Financial Statements for the Year Ended 30th April 2023






A J Pies and Pastries Limited (Registered number: 07620925)






Contents of the Financial Statements
for the year ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J Pies and Pastries Limited

Company Information
for the year ended 30th April 2023







DIRECTORS: A J Risso-Gill
A Wadsworth





REGISTERED OFFICE: Unit 2-4 Queens Mill Industrial Estate
Queens Mill Road
Lockwood
Huddersfield
West Yorkshire
HD1 3RR





REGISTERED NUMBER: 07620925 (England and Wales)





AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

A J Pies and Pastries Limited (Registered number: 07620925)

Balance Sheet
30th April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 344,682 317,379
344,683 317,380

CURRENT ASSETS
Stocks 6 285,675 185,915
Debtors 7 1,297,349 1,034,548
Cash at bank 434,113 339,572
2,017,137 1,560,035
CREDITORS
Amounts falling due within one year 8 661,283 492,857
NET CURRENT ASSETS 1,355,854 1,067,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,700,537

1,384,558

CREDITORS
Amounts falling due after more than one
year

9

(26,667

)

(36,667

)

PROVISIONS FOR LIABILITIES (81,049 ) (73,888 )

ACCRUALS AND DEFERRED INCOME (42,287 ) (45,959 )
NET ASSETS 1,550,534 1,228,044

CAPITAL AND RESERVES
Called up share capital 11 65,294 65,294
Capital redemption reserve 34,706 34,706
Retained earnings 1,450,534 1,128,044
SHAREHOLDERS' FUNDS 1,550,534 1,228,044

A J Pies and Pastries Limited (Registered number: 07620925)

Balance Sheet - continued
30th April 2023


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 4th October 2023 and were signed on its behalf by:




A Wadsworth - Director



A J Risso-Gill - Director


A J Pies and Pastries Limited (Registered number: 07620925)

Notes to the Financial Statements
for the year ended 30th April 2023

1. STATUTORY INFORMATION

A J Pies and Pastries 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Other intangible assets
Other intangible assets relate to intellectual property which is held at cost and is not amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements- Over the period of the lease
Plant and machinery etc- 10 - 33% on cost
Motor Vehicles-20% 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.

A J Pies and Pastries Limited (Registered number: 07620925)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

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.

Government grants
Government grants in respect of capital expenditure are credited to the profit and loss account over the estimated lives of the relevant fixed assets. The amount shown in the balance sheet as deferred government grants represents the total grants receivable to date less the amounts so far released to profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2022 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st May 2022
and 30th April 2023 55,795 1 55,796
AMORTISATION
At 1st May 2022
and 30th April 2023 55,795 - 55,795
NET BOOK VALUE
At 30th April 2023 - 1 1
At 30th April 2022 - 1 1

A J Pies and Pastries Limited (Registered number: 07620925)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
improvements machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st May 2022 74,128 497,269 75,775 77,159 724,331
Additions 6,546 85,496 1,125 - 93,167
At 30th April 2023 80,674 582,765 76,900 77,159 817,498
DEPRECIATION
At 1st May 2022 35,623 282,249 62,126 26,954 406,952
Charge for year 4,935 42,129 7,041 11,759 65,864
At 30th April 2023 40,558 324,378 69,167 38,713 472,816
NET BOOK VALUE
At 30th April 2023 40,116 258,387 7,733 38,446 344,682
At 30th April 2022 38,505 215,020 13,649 50,205 317,379

6. STOCKS
2023 2022
£    £   
Stocks 285,675 185,915

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 222,142 155,776
Amounts owed by group undertakings 968,409 798,649
Other debtors 8,030 5,894
VAT 25,313 12,614
Prepayments and accrued income 73,455 61,615
1,297,349 1,034,548

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 407,540 244,679
Taxation and social security 158,531 120,895
Other creditors 85,212 117,283
661,283 492,857

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,667 36,667

A J Pies and Pastries Limited (Registered number: 07620925)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 121,217 101,471
Between one and five years 294,588 320,337
415,805 421,808

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
65,294 Ordinary £1 65,294 65,294

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Stocks ACA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

13. PENSION COMMITMENTS

During the year the company paid contributions of £57,225 (2022: £49,405) to money purchase pension schemes. The amount of outstanding contributions at 30 April 2023 was £nil (2022: £3,418).

14. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is A Wadsworth by virtue of his controlling shareholding in A J Pies & Pastries (Holdings) Limited, the company's parent company.