Company Registration No. 07782989 (England and Wales)
Terry's Patisserie Limited
Accounts
for the year ended 30 April 2023
Terry's Patisserie Limited
Accounts
Contents
Terry's Patisserie Limited
Company Information
for the year ended 30 April 2023
Directors
R Williams
T C Williams
Company Number
07782989 (England and Wales)
Registered Office
Ty Allforall Euro Business Park
Angel Lane
Aberbargoed
Caerphilly
CF81 9AG
Accountants
R H Jeffs & Rowe Ltd
27-28 Gelliwastad Road
Pontypridd
CF37 2BW
Terry's Patisserie Limited
Statement of financial position
as at 30 April 2023
Intangible assets
62,360
64,080
Tangible assets
207,422
201,985
Cash at bank and in hand
80,481
173,979
Creditors: amounts falling due within one year
(193,722)
(133,204)
Net current assets
148,262
181,613
Total assets less current liabilities
418,044
447,678
Creditors: amounts falling due after more than one year
(151,973)
(239,978)
Net assets
266,071
207,700
Called up share capital
100,000
100,000
Profit and loss account
166,071
107,700
Shareholders' funds
266,071
207,700
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by
R Williams
Director
Company Registration No. 07782989
Terry's Patisserie Limited
Notes to the Accounts
for the year ended 30 April 2023
Terry's Patisserie Limited is a private company, limited by shares, registered in England and Wales, registration number 07782989. The registered office is Ty Allforall Euro Business Park, Angel Lane, Aberbargoed, Caerphilly, CF81 9AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
10% Straight Line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Terry's Patisserie Limited
Notes to the Accounts
for the year ended 30 April 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
152,411
22,940
130,576
305,927
Additions
19,377
-
15,262
34,639
At 30 April 2023
171,788
22,940
145,838
340,566
At 1 May 2022
52,900
18,462
32,580
103,942
Charge for the year
15,241
609
13,352
29,202
At 30 April 2023
68,141
19,071
45,932
133,144
At 30 April 2023
103,647
3,869
99,906
207,422
At 30 April 2022
99,511
4,478
97,996
201,985
Amounts falling due within one year
Trade debtors
135,038
71,738
Amounts due from group undertakings etc.
55,000
29,338
Accrued income and prepayments
1,750
1,090
Terry's Patisserie Limited
Notes to the Accounts
for the year ended 30 April 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
67,247
52,685
Trade creditors
92,525
37,201
Amounts owed to group undertakings and other participating interests
-
4,840
Taxes and social security
6,723
6,482
Other creditors
1,816
2,847
Deferred income
20,441
20,441
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
150,599
217,463
Deferred income
1,374
22,515
Aggregate of amounts that fall due for payment after five years
-
59,408
9
Average number of employees
During the year the average number of employees was 13 (2022: 13).