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REGISTERED NUMBER: 07339515 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st May 2023

for

The Posh Bakers Limited

The Posh Bakers Limited (Registered number: 07339515)






Contents of the Financial Statements
for the Year Ended 31st May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Posh Bakers Limited

Company Information
for the Year Ended 31st May 2023







DIRECTOR: Mr E Guignard





REGISTERED OFFICE: 272 Regents Park Road
London
N3 3HN





REGISTERED NUMBER: 07339515 (England and Wales)





ACCOUNTANTS: Spencer Hyde Limited
272 Regents Park Road
London
N3 3HN

The Posh Bakers Limited (Registered number: 07339515)

Statement of Financial Position
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,689 34,638

CURRENT ASSETS
Stocks 2,600 2,400
Debtors 5 12,816 13,421
Cash at bank and in hand 203,539 200,990
218,955 216,811
CREDITORS
Amounts falling due within one year 6 194,282 186,809
NET CURRENT ASSETS 24,673 30,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,362

64,640

CREDITORS
Amounts falling due after more than one
year

7

21,667

32,143
NET ASSETS 27,695 32,497

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,595 32,397
SHAREHOLDERS' FUNDS 27,695 32,497

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

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

The director acknowledges his 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.

The Posh Bakers Limited (Registered number: 07339515)

Statement of Financial Position - continued
31st May 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 director and authorised for issue on 3rd November 2023 and were signed by:





Mr E Guignard - Director


The Posh Bakers Limited (Registered number: 07339515)

Notes to the Financial Statements
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

The Posh Bakers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

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

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 11 (2022 - 11 ) .

The Posh Bakers Limited (Registered number: 07339515)

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

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1st June 2022 3,473 123,511 127,981
Additions - - 1,485
At 31st May 2023 3,473 123,511 129,466
DEPRECIATION
At 1st June 2022 1,946 119,050 100,748
Charge for year 347 2,142 10,150
At 31st May 2023 2,293 121,192 110,898
NET BOOK VALUE
At 31st May 2023 1,180 2,319 18,568
At 31st May 2022 1,527 4,461 27,233

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st June 2022 27,083 14,987 297,035
Additions - 2,199 3,684
At 31st May 2023 27,083 17,186 300,719
DEPRECIATION
At 1st June 2022 27,083 13,570 262,397
Charge for year - 994 13,633
At 31st May 2023 27,083 14,564 276,030
NET BOOK VALUE
At 31st May 2023 - 2,622 24,689
At 31st May 2022 - 1,417 34,638

The Posh Bakers Limited (Registered number: 07339515)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st June 2022
and 31st May 2023 6,995
DEPRECIATION
At 1st June 2022
and 31st May 2023 3,192
NET BOOK VALUE
At 31st May 2023 3,803
At 31st May 2022 3,803

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,536 4,314
Other debtors 9,280 9,107
12,816 13,421

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 511 2,318
Trade creditors 28,325 28,129
Taxation and social security 31,631 28,751
Other creditors 123,815 117,611
194,282 186,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,667 31,667
Hire purchase contracts - 476
21,667 32,143

The Posh Bakers Limited (Registered number: 07339515)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 31,667 41,667
Hire purchase contracts 511 2,794
32,178 44,461