Registered number
06539879
Cake Design Limited
Filleted Accounts
31 March 2023
Cake Design Limited
Registered number: 06539879
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,479 15,470
Current assets
Debtors 4 182 16,826
Cash at bank and in hand 73,091 41,883
73,273 58,709
Creditors: amounts falling due within one year 5 (43,433) (27,722)
Net current assets 29,840 30,987
Total assets less current liabilities 39,319 46,457
Creditors: amounts falling due after more than one year 6 (13,000) (19,000)
Net assets 26,319 27,457
Capital and reserves
Called up share capital 100 100
Profit and loss account 26,219 27,357
Shareholder's funds 26,319 27,457
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 J Roberts
Director
Approved by the board on 11 October 2023
Cake Design Limited
Notes to the Accounts
for the year ended 31 March 2023
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and 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.
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:
Equipment over 5 years
Vehicles over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 April 2022 37,131 37,131
Disposals - -
At 31 March 2023 37,131 37,131
Depreciation
At 1 April 2022 21,661 21,661
Charge for the year 5,991 5,991
On disposals - -
At 31 March 2023 27,652 27,652
Net book value
At 31 March 2023 9,479 9,479
At 31 March 2022 15,470 15,470
4 Debtors 2023 2022
£ £
Trade debtors 182 15,960
Other debtors - 866
182 16,826
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,000 6,000
Trade creditors 714 1,685
Director's loan account 7,123 7,123
Corporation tax 2,999 1,845
Other taxes and social security costs 26,272 8,019
Other creditors 325 3,050
43,433 27,722
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 13,000 19,000
7 Controlling party
The company is controlled by Mr J Roberts, the director who owns 100% of the shares.
8 Other information
Cake Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
63 Salisbury Road
Farnborough
Hampshire
GU14 7AG
The company's principal place of business is Harambee Mews, Passfield, GU30 7RY
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