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REGISTERED NUMBER: 03217581 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Victoria's Bakery Suffolk Limited

Victoria's Bakery Suffolk Limited (Registered number: 03217581)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Victoria's Bakery Suffolk Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C W J Willis
A J Willis





SECRETARY: A J Willis





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 03217581 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Victoria's Bakery Suffolk Limited (Registered number: 03217581)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,550 55,451

CURRENT ASSETS
Stocks 7,591 5,921
Debtors 5 6,545 8,762
Cash at bank and in hand 178,858 153,024
192,994 167,707
CREDITORS
Amounts falling due within one year 6 206,319 175,823
NET CURRENT LIABILITIES (13,325 ) (8,116 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,225

47,335

CREDITORS
Amounts falling due after more than one
year

7

(9,406

)

(17,966

)

PROVISIONS FOR LIABILITIES (9,752 ) (8,452 )
NET ASSETS 20,067 20,917

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 19,067 19,917
SHAREHOLDERS' FUNDS 20,067 20,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Victoria's Bakery Suffolk Limited (Registered number: 03217581)

Balance Sheet - continued
31 March 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 19 October 2023 and were signed on its behalf by:





C W J Willis - Director


Victoria's Bakery Suffolk Limited (Registered number: 03217581)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Victoria's Bakery Suffolk 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 represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Victoria's Bakery Suffolk Limited (Registered number: 03217581)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 12,838 61,399 52,731 1,901 128,869
Additions - 9,874 - 2,015 11,889
Disposals - (16,979 ) - - (16,979 )
At 31 March 2023 12,838 54,294 52,731 3,916 123,779
DEPRECIATION
At 1 April 2022 1,872 37,499 32,709 1,338 73,418
Charge for year 1,284 4,628 5,005 953 11,870
Eliminated on disposal - (14,059 ) - - (14,059 )
At 31 March 2023 3,156 28,068 37,714 2,291 71,229
NET BOOK VALUE
At 31 March 2023 9,682 26,226 15,017 1,625 52,550
At 31 March 2022 10,966 23,900 20,022 563 55,451

Victoria's Bakery Suffolk Limited (Registered number: 03217581)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 51,331
Transfer to ownership (28,504 )
At 31 March 2023 22,827
DEPRECIATION
At 1 April 2022 31,429
Charge for year 4,975
Transfer to ownership (20,800 )
At 31 March 2023 15,604
NET BOOK VALUE
At 31 March 2023 7,223
At 31 March 2022 19,902

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,826 2,567
Other debtors 3,719 6,195
6,545 8,762

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 3,876 -
Hire purchase contracts (see note 8) 808 8,388
Trade creditors 7,351 10,423
Taxation and social security 16,064 18,899
Other creditors 178,220 138,113
206,319 175,823

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 9,406 17,158
Hire purchase contracts (see note 8) - 808
9,406 17,966

Victoria's Bakery Suffolk Limited (Registered number: 03217581)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year 808 8,388
Between one and five years - 808
808 9,196

Non-cancellable operating leases
31.3.23 31.3.22
£    £   
Within one year 23,928 23,928
Between one and five years 26,793 44,023
In more than five years 17,304 24,002
68,025 91,953

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Victoria's Bakery Suffolk Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Victoria's Bakery Suffolk Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Victoria's Bakery Suffolk Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Victoria's Bakery Suffolk Limited and state those matters that we have agreed to state to the Board of Directors of Victoria's Bakery Suffolk Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Victoria's Bakery Suffolk Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Victoria's Bakery Suffolk Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Victoria's Bakery Suffolk Limited. You consider that Victoria's Bakery Suffolk 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 financial statements of Victoria's Bakery Suffolk 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 financial statements.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


19 October 2023