1 February 2022 false No description of principal activity Taxfiler 2023.9.1 NI615301business:PrivateLimitedCompanyLtd2022-02-012023-01-31 NI6153012022-01-31 NI6153012022-02-012023-01-31 NI615301business:AuditExemptWithAccountantsReport2022-02-012023-01-31 NI615301business:FilletedAccounts2022-02-012023-01-31 NI6153012023-01-31 NI615301business:Director12022-02-012023-01-31 NI615301business:Director22022-02-012023-01-31 NI615301business:RegisteredOffice2022-02-012023-01-31 NI6153012022-01-31 NI615301core:WithinOneYear2023-01-31 NI615301core:WithinOneYear2022-01-31 NI615301core:AfterOneYear2023-01-31 NI615301core:AfterOneYear2022-01-31 NI615301core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 NI615301core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 NI615301core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 NI615301core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 NI615301core:PreviouslyStatedAmount2023-01-31 NI615301core:PreviouslyStatedAmount2022-01-31 NI615301business:SmallEntities2022-02-012023-01-31 NI615301countries:NorthernIreland2022-02-012023-01-31 NI615301core:PlantMachinery2022-02-012023-01-31 NI615301core:MotorVehicles2022-02-012023-01-31 NI615301core:FurnitureFittings2022-02-012023-01-31 NI615301core:ComputerEquipment2022-02-012023-01-31 NI615301core:Goodwill2022-01-31 NI615301core:Goodwill2023-01-31 NI615301core:LandBuildings2022-01-31 NI615301core:PlantMachinery2022-01-31 NI615301core:MotorVehicles2022-01-31 NI615301core:FurnitureFittings2022-01-31 NI615301core:ComputerEquipment2022-01-31 NI615301core:LandBuildings2022-02-012023-01-31 NI615301core:LandBuildings2023-01-31 NI615301core:PlantMachinery2023-01-31 NI615301core:MotorVehicles2023-01-31 NI615301core:FurnitureFittings2023-01-31 NI615301core:ComputerEquipment2023-01-31 NI615301core:AcceleratedTaxDepreciationDeferredTax2023-01-31 NI615301core:AcceleratedTaxDepreciationDeferredTax2022-01-31 NI6153012021-01-31 NI6153012021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. NI615301 (Northern Ireland)
French Village Bakery Ltd Unaudited accounts for the year ended 31 January 2023
French Village Bakery Ltd Unaudited accounts Contents
Page
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French Village Bakery Ltd Company Information for the year ended 31 January 2023
Directors
Mr Robert Ashley French Mrs Amy Elizabeth French
Company Number
NI615301 (Northern Ireland)
Registered Office
32 Montgomery Road Belfast BT6 9HL Northern Ireland
Accountants
Gray + Press Accountants Limited Unit 4A Channel Wharf 21 Old Channel Road Belfast BT3 9DE
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French Village Bakery Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,082,590 
970,700 
Current assets
Inventories
165,496 
86,723 
Debtors
1,136,056 
954,838 
Cash at bank and in hand
- 
8,996 
1,301,552 
1,050,557 
Creditors: amounts falling due within one year
(1,204,547)
(887,443)
Net current assets
97,005 
163,114 
Total assets less current liabilities
1,179,595 
1,133,814 
Creditors: amounts falling due after more than one year
(248,373)
(297,144)
Provisions for liabilities
Deferred tax
(108,072)
(19,438)
Net assets
823,150 
817,232 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
823,050 
817,132 
Shareholders' funds
823,150 
817,232 
For the year ending 31 January 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 3 October 2023 and were signed on its behalf by
Mr Robert Ashley French Director Company Registration No. NI615301
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French Village Bakery Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
French Village Bakery Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI615301. The registered office is 32 Montgomery Road, Belfast, BT6 9HL, Northern Ireland.
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.
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
Computer equipment
25% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
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French Village Bakery Ltd Notes to the Accounts for the year ended 31 January 2023
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2022
150,000 
At 31 January 2023
150,000 
Amortisation
At 1 February 2022
150,000 
At 31 January 2023
150,000 
Net book value
At 31 January 2023
- 
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French Village Bakery Ltd Notes to the Accounts for the year ended 31 January 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 February 2022
621,407 
582,910 
136,444 
106,364 
36,810 
1,483,935 
Additions
3,380 
183,254 
32,673 
10,033 
4,704 
234,044 
Disposals
- 
- 
(9,325)
- 
- 
(9,325)
At 31 January 2023
624,787 
766,164 
159,792 
116,397 
41,514 
1,708,654 
Depreciation
At 1 February 2022
- 
343,701 
63,807 
72,013 
33,714 
513,235 
Charge for the year
- 
76,616 
24,348 
9,265 
4,017 
114,246 
On disposals
- 
- 
(1,417)
- 
- 
(1,417)
At 31 January 2023
- 
420,317 
86,738 
81,278 
37,731 
626,064 
Net book value
At 31 January 2023
624,787 
345,847 
73,054 
35,119 
3,783 
1,082,590 
At 31 January 2022
621,407 
239,209 
72,637 
34,351 
3,096 
970,700 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
44,820 
46,728 
Trade debtors
737,860 
417,250 
Amounts due from group undertakings etc.
351,355 
484,503 
Accrued income and prepayments
1,721 
- 
Other debtors
300 
6,357 
1,136,056 
954,838 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
118,591 
45,061 
Trade creditors
398,621 
291,412 
Amounts owed to group undertakings and other participating interests
251,222 
- 
Taxes and social security
60,321 
116,943 
Other creditors
5,878 
5,221 
Loans from directors
238,958 
296,334 
Accruals
130,956 
132,472 
1,204,547 
887,443 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
248,373 
297,144 
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French Village Bakery Ltd Notes to the Accounts for the year ended 31 January 2023
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
108,072 
19,438 
2023 
2022 
£ 
£ 
Provision at start of year
19,438 
19,438 
Charged to the profit and loss account
88,634 
- 
Provision at end of year
108,072 
19,438 
10
Transactions with related parties
During the financial year, various loan accounts operated between French Bakery Village Ltd and other companies, all of which were under common control. At the end of the financial year a total balance of £104,022 was owed to French Bakery Village Ltd by French Village Ltd (2022 - £112,142). At the end of the financial year a total balance of £252,167 was owed to French Bakery Village Ltd by French Village Patisserie and Brasserie Ltd (2022 - £372,361).
11
Average number of employees
During the year the average number of employees was 96 (2022: 99).
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