Company registration number 08409868 (England and Wales)
THE ORIGINAL BAKER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
THE ORIGINAL BAKER LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
THE ORIGINAL BAKER LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,257,924
1,383,074
Current assets
Stocks
396,885
541,365
Debtors
5
356,249
251,034
Cash at bank and in hand
974
3,898
754,108
796,297
Creditors: amounts falling due within one year
6
(1,034,262)
(1,026,036)
Net current liabilities
(280,154)
(229,739)
Total assets less current liabilities
977,770
1,153,335
Creditors: amounts falling due after more than one year
7
(266,634)
(341,354)
Provisions for liabilities
(96,374)
(123,484)
Net assets
614,762
688,497
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
614,662
688,397
Total equity
614,762
688,497

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

THE ORIGINAL BAKER LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2023
31 January 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 25 October 2023 and are signed on its behalf by:
Ms G E Ridgard
Director
Company Registration No. 08409868
THE ORIGINAL BAKER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
1
Accounting policies
Statutory information

The Original Baker 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.

1.1
Accounting convention

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.

 

The company depends upon the financial support of its bank and its director to meet its day to day working capital requirements. This support is expected to continue for the foreseeable future. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result form withdrawal of financial support.

1.2
Turnover

Turnover represents amounts receivable from the sale of bakery products, net discounts and VAT. Turnover is recognized when the goods have been delivered to the customer.

1.3
Tangible fixed assets

Depreciation is provided at the following annual rates to write off each asset over its estimated useful life.

Freehold land and buildings
2% straight line
Plant and equipment
20% straight line
Computers
33.3% straight line
1.4
Stocks

Stocks are valued at the lower of cost and net realizable value, after making due allowance for obsolete and slow moving stock.

1.5
Taxation
Current tax

Current Tax is recognized 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 recognized in respect of all timing difference that have originated but not reversed at the balance sheet date.

 

Timing differences arise from the inclusion of income and expenses in tax assessments periods different from those in which they are recognized in financial statements. Deferred tax is measures using tax rates and law 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 recognized 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.

 

1.6
Hire Purchase and Leasing Commitments

Rentals paid under operating leases are charged to the profit or loss on a straight-line basis over the period of the lease.

THE ORIGINAL BAKER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
1
Accounting policies
(Continued)
- 4 -
1.7
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
70
63
3
Exceptional Items

During the previous year of Jan 2022, the company was a victim of fraud. The cost of this is not considered part of the normal trading and therefore has been presented separately on the face of the Profit and loss.

4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 February 2022
524,622
1,170,262
1,694,884
Additions
1,841
138,098
139,939
At 31 January 2023
526,463
1,308,360
1,834,823
Depreciation and impairment
At 1 February 2022
12,251
299,559
311,810
Depreciation charged in the year
10,525
254,564
265,089
At 31 January 2023
22,776
554,123
576,899
Carrying amount
At 31 January 2023
503,687
754,237
1,257,924
At 31 January 2022
512,371
870,703
1,383,074
THE ORIGINAL BAKER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
294,318
224,619
Other debtors
61,931
26,415
356,249
251,034
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
186,167
143,945
Trade creditors
287,762
303,668
Taxation and social security
36,530
33,015
Other creditors
523,803
545,408
1,034,262
1,026,036
7
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
145,316
211,049
Obligations under finance leases
121,318
130,305
266,634
341,354
8
Secured Debts
The following secured debts are included within creditors:
2023
2022
£
£
Bank overdrafts
112,270
143,945
Bank loans
219,213
211,049
Hire purchase contracts
179,910
167,946
511,393
522,940
THE ORIGINAL BAKER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 6 -
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
14,047
17,732
10
Related Party Disclosures

Included within creditors is £410,246 (Jan 2022 £438,224) owed by the company to the directors at the year end. No interest was charged on these loans during the year. The loans are repayable on Demand.

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