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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
Page
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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
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Terry's Patisserie Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
62,360 
64,080 
Tangible assets
207,422 
201,985 
269,782 
266,065 
Current assets
Inventories
65,134 
28,156 
Debtors
196,369 
112,682 
Cash at bank and in hand
80,481 
173,979 
341,984 
314,817 
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 
Capital and reserves
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
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Terry's Patisserie Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
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
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.
Pension costs
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 taxation
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.
Financial instruments
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.
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Terry's Patisserie Limited Notes to the Accounts for the year ended 30 April 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2022
71,200 
Additions
6,000 
At 30 April 2023
77,200 
Amortisation
At 1 May 2022
7,120 
Charge for the year
7,720 
At 30 April 2023
14,840 
Net book value
At 30 April 2023
62,360 
At 30 April 2022
64,080 
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 
Depreciation
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 
Net book value
At 30 April 2023
103,647 
3,869 
99,906 
207,422 
At 30 April 2022
99,511 
4,478 
97,996 
201,985 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
4,581 
10,284 
Trade debtors
135,038 
71,738 
Amounts due from group undertakings etc.
55,000 
29,338 
Accrued income and prepayments
1,750 
1,090 
Other debtors
- 
232 
196,369 
112,682 
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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 
Accruals
4,970 
8,708 
Deferred income
20,441 
20,441 
193,722 
133,204 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
150,599 
217,463 
Deferred income
1,374 
22,515 
151,973 
239,978 
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).
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