Company Registration No. 14120790 (England and Wales)
The Northern Bakery Ltd
Unaudited accounts
for the period from 20 May 2022 to 31 May 2023
The Northern Bakery Ltd
Unaudited accounts
Contents
The Northern Bakery Ltd
Company Information
for the period from 20 May 2022 to 31 May 2023
Directors
Alice Mary Fleming
Daniel John Fleming
Company Number
14120790 (England and Wales)
Registered Office
Unit 3A Copley Business Park
Wakefield Road
Copley
West Yorkshire
HX3 0UA
United Kingdom
Accountants
True North Accountancy Ltd
19 Forest Crescent
Illingworth
Halifax
West Yorkshire
HX2 8DS
The Northern Bakery Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
3,089
Creditors: amounts falling due within one year
(17,345)
Net current liabilities
(13,540)
Total assets less current liabilities
843
Provisions for liabilities
Profit and loss account
(1,997)
Shareholders' funds
(1,995)
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by
Alice Mary Fleming
Director
Company Registration No. 14120790
The Northern Bakery Ltd
Notes to the Accounts
for the period from 20 May 2022 to 31 May 2023
The Northern Bakery Ltd is a private company, limited by shares, registered in England and Wales, registration number 14120790. The registered office and principal place of business is Unit 3A Copley Business Park, Wakefield Road, Copley, West Yorkshire, HX3 0UA, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The Northern Bakery Ltd
Notes to the Accounts
for the period from 20 May 2022 to 31 May 2023
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Leasehold Improvements are included at cost less accumulated amortisation over the term of the lease.
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Intangible fixed assets
Other
Charge for the period
1,354
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
Additions
6,064
4,086
10,150
At 31 May 2023
6,064
4,086
10,150
Charge for the period
1,516
1,022
2,538
At 31 May 2023
1,516
1,022
2,538
At 31 May 2023
4,548
3,064
7,612
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Creditors: amounts falling due within one year
2023
Taxes and social security
613
Loans from directors
(794)
The Northern Bakery Ltd
Notes to the Accounts
for the period from 20 May 2022 to 31 May 2023
Accelerated capital allowances
2,838
Charged to the profit and loss account
2,838
Provision at end of period
2,838
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
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During the year, the company made interest free advances to a director amounting to £794.00. These were repayable on demand. The company received repayments of £794.00
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Transactions with related parties
Included in Other Creditors is an amount of £13,742 owed to H's Bakery Ltd from The Northern Bakery Ltd, a company that Mr D Fleming and Mrs A Fleming are also directors of and have a controlling interest in.
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Average number of employees
During the period the average number of employees was 5.