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REGISTERED NUMBER: 11837096 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BAGEL HOUSE BROTHERS LTD

BAGEL HOUSE BROTHERS LTD (REGISTERED NUMBER: 11837096)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BAGEL HOUSE BROTHERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: P Lamce





REGISTERED OFFICE: 2 Stoke Newington
High Street
London
London
N16 7PL





REGISTERED NUMBER: 11837096 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

BAGEL HOUSE BROTHERS LTD (REGISTERED NUMBER: 11837096)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,678 23,062

CURRENT ASSETS
Stocks 62,600 28,400
Debtors 30,072 10,772
Cash at bank and in hand 90,871 126,935
183,543 166,107
CREDITORS
Amounts falling due within one year (40,500 ) (52,691 )
NET CURRENT ASSETS 143,043 113,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,721

136,478

CREDITORS
Amounts falling due after more than one year 5 (33,045 ) (43,509 )
NET ASSETS 132,676 92,969

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 132,674 92,967
SHAREHOLDERS' FUNDS 132,676 92,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

BAGEL HOUSE BROTHERS LTD (REGISTERED NUMBER: 11837096)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 November 2023 and were signed by:





P Lamce - Director


BAGEL HOUSE BROTHERS LTD (REGISTERED NUMBER: 11837096)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Bagel House Brothers Ltd 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.
Plant and machinery - 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.

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 20 (2022 - 19 ) .

BAGEL HOUSE BROTHERS LTD (REGISTERED NUMBER: 11837096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 45,205
Additions 7,175
At 28 February 2023 52,380
DEPRECIATION
At 1 March 2022 22,143
Charge for year 7,559
At 28 February 2023 29,702
NET BOOK VALUE
At 28 February 2023 22,678
At 28 February 2022 23,062

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
28.2.23 28.2.22
£    £   
Repayable by instalments
Other loans more 5yrs instal 33,045 43,509

Other creditors include £50,000 received under Bounceback Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

7. RESERVES
Retained
earnings
£   

At 1 March 2022 92,967
Profit for the year 43,707
Dividends (4,000 )
At 28 February 2023 132,674