Registered number
02736873
CITY CAKES COMPANY LIMITED
Unaudited Filleted Accounts
For the year ended
31 December 2022
KHMM
Chartered Accountants
7-8 Wing Yip Business Centre
395 Edgware Road
London
NW2 6LN
Tel: 0208 208 2085 Fax: 0208 208 2268
CITY CAKES COMPANY LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of CITY CAKES COMPANY LIMITED for the year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CITY CAKES COMPANY LIMITED for the year ended 31 December 2022 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of CITY CAKES COMPANY LIMITED, as a body, in accordance with the terms of our engagement letter dated 15 September 2014. Our work has been undertaken solely to prepare for your approval the accounts of CITY CAKES COMPANY LIMITED and state those matters that we have agreed to state to the Board of Directors of CITY CAKES COMPANY LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CITY CAKES COMPANY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CITY CAKES COMPANY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CITY CAKES COMPANY LIMITED. You consider that CITY CAKES COMPANY LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CITY CAKES COMPANY LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
KHMM
Chartered Accountants
7-8 Wing Yip Business Centre
395 Edgware Road
London
NW2 6LN
28 September 2023
CITY CAKES COMPANY LIMITED
Registered number: 02736873
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 39,291 52,905
Current assets
Stocks 22,595 19,625
Debtors 4 446,903 390,684
Cash at bank and in hand 1,128,760 1,217,561
1,598,258 1,627,870
Creditors: amounts falling due within one year 5 (592,086) (670,927)
Net current assets 1,006,172 956,943
Net assets 1,045,463 1,009,848
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 1,044,463 1,008,848
Shareholders' funds 1,045,463 1,009,848
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR A TAI SIN MR TAN TO TO
Director Director
Approved by the board on 28 September 2023
CITY CAKES COMPANY LIMITED
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents net retail sales excluding Value Added Tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings Straight line over remaining term of the lease
Fixtures, fittings, tools and equipment 15% per annum on cost
Motor vehicle(s) 25% per annum on cost
Computer equipment 30% per annum on cost
Stocks
Stocks is valued at the lower of cost and net realisable value.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 29 27
3 Tangible fixed assets
Land and buildings Fixtures and fittings etc Motor vehicles Computer equipment Crockery, cutlery & utensils Total
£ £ £ £ £ £
Cost
At 1 January 2022 16,958 357,116 56,495 21,876 4,097 456,542
Additions - 6,750 - - - 6,750
At 31 December 2022 16,958 363,866 56,495 21,876 4,097 463,292
Depreciation
At 1 January 2022 16,957 341,235 24,515 20,929 - 403,636
Charge for the year - 5,779 14,125 460 - 20,364
At 31 December 2022 16,957 347,014 38,640 21,389 - 424,000
Net book value
At 31 December 2022 1 16,852 17,855 487 4,097 39,292
At 31 December 2021 1 15,881 31,980 947 4,097 52,906
4 Debtors 2022 2021
£ £
Trade debtors 142,486 147,752
Other debtors 304,417 242,932
446,903 390,684
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 239,043 202,241
Taxation and social security costs 47,264 98,514
Other creditors 305,779 370,172
592,086 670,927
6 Other information
CITY CAKES COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10, Cody Road
Canning Town
London
E16 4SR
CITY CAKES COMPANY LIMITED 02736873 false 2022-01-01 2022-12-31 2022-12-31 VT Final Accounts October 2023 MR A TAI SIN No description of principal activity 02736873 2021-01-01 2021-12-31 02736873 core:WithinOneYear 2021-12-31 02736873 core:ShareCapital 2021-12-31 02736873 core:RetainedEarningsAccumulatedLosses 2021-12-31 02736873 2022-01-01 2022-12-31 02736873 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 02736873 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 02736873 bus:Director40 2022-01-01 2022-12-31 02736873 core:LandBuildings 2022-01-01 2022-12-31 02736873 core:PlantMachinery 2022-01-01 2022-12-31 02736873 core:Vehicles 2022-01-01 2022-12-31 02736873 core:ToolsEquipment 2022-01-01 2022-12-31 02736873 countries:England 2022-01-01 2022-12-31 02736873 bus:FRS102 2022-01-01 2022-12-31 02736873 bus:FullAccounts 2022-01-01 2022-12-31 02736873 2022-12-31 02736873 core:WithinOneYear 2022-12-31 02736873 core:ShareCapital 2022-12-31 02736873 core:RetainedEarningsAccumulatedLosses 2022-12-31 02736873 core:LandBuildings 2022-12-31 02736873 core:PlantMachinery 2022-12-31 02736873 core:Vehicles 2022-12-31 02736873 core:ToolsEquipment 2022-12-31 02736873 core:ComputerEquipment 2022-12-31 02736873 2021-12-31 02736873 core:LandBuildings 2021-12-31 02736873 core:PlantMachinery 2021-12-31 02736873 core:Vehicles 2021-12-31 02736873 core:ToolsEquipment 2021-12-31 02736873 core:ComputerEquipment 2021-12-31 iso4217:GBP xbrli:pure