Silverfin false false 31/08/2023 01/09/2022 31/08/2023 Deborah Jayne Blake 23/03/2010 Michael John Blake 23/03/2010 27 February 2024 The principal activity of the Company during the financial year was manufacturing of bread, fresh pastry products and cakes. 07200354 2023-08-31 07200354 bus:Director1 2023-08-31 07200354 bus:Director2 2023-08-31 07200354 2022-08-31 07200354 core:CurrentFinancialInstruments 2023-08-31 07200354 core:CurrentFinancialInstruments 2022-08-31 07200354 core:Non-currentFinancialInstruments 2023-08-31 07200354 core:Non-currentFinancialInstruments 2022-08-31 07200354 core:ShareCapital 2023-08-31 07200354 core:ShareCapital 2022-08-31 07200354 core:SharePremium 2023-08-31 07200354 core:SharePremium 2022-08-31 07200354 core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31 07200354 core:FurtherSpecificReserve1ComponentTotalEquity 2022-08-31 07200354 core:RetainedEarningsAccumulatedLosses 2023-08-31 07200354 core:RetainedEarningsAccumulatedLosses 2022-08-31 07200354 core:LandBuildings 2022-08-31 07200354 core:PlantMachinery 2022-08-31 07200354 core:Vehicles 2022-08-31 07200354 core:LandBuildings 2023-08-31 07200354 core:PlantMachinery 2023-08-31 07200354 core:Vehicles 2023-08-31 07200354 core:CostValuation 2022-08-31 07200354 core:CostValuation 2023-08-31 07200354 core:ProvisionsForImpairmentInvestments 2022-08-31 07200354 core:ProvisionsForImpairmentInvestments 2023-08-31 07200354 bus:OrdinaryShareClass1 2023-08-31 07200354 bus:OrdinaryShareClass2 2023-08-31 07200354 2022-09-01 2023-08-31 07200354 bus:FilletedAccounts 2022-09-01 2023-08-31 07200354 bus:SmallEntities 2022-09-01 2023-08-31 07200354 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 07200354 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07200354 bus:Director1 2022-09-01 2023-08-31 07200354 bus:Director2 2022-09-01 2023-08-31 07200354 core:PlantMachinery 2022-09-01 2023-08-31 07200354 core:Vehicles 2022-09-01 2023-08-31 07200354 2021-09-01 2022-08-31 07200354 core:LandBuildings 2022-09-01 2023-08-31 07200354 core:Non-currentFinancialInstruments 2022-09-01 2023-08-31 07200354 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 07200354 bus:OrdinaryShareClass1 2021-09-01 2022-08-31 07200354 bus:OrdinaryShareClass2 2022-09-01 2023-08-31 07200354 bus:OrdinaryShareClass2 2021-09-01 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07200354 (England and Wales)

BLAKES BAKERY LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

BLAKES BAKERY LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

BLAKES BAKERY LIMITED

BALANCE SHEET

As at 31 August 2023
BLAKES BAKERY LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 354,375 326,869
Investments 4 100 100
354,475 326,969
Current assets
Stocks 18,100 16,800
Debtors 5 85,570 79,040
Cash at bank and in hand 117,718 119,538
221,388 215,378
Creditors: amounts falling due within one year 6 ( 150,357) ( 151,100)
Net current assets 71,031 64,278
Total assets less current liabilities 425,506 391,247
Creditors: amounts falling due after more than one year 7 ( 9,503) ( 14,698)
Provision for liabilities ( 67,169) ( 60,229)
Net assets 348,834 316,320
Capital and reserves
Called-up share capital 8 100 100
Share premium account 144,392 144,392
Fair value reserve 50,102 50,102
Profit and loss account 154,240 121,726
Total shareholders' funds 348,834 316,320

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Blakes Bakery Limited (registered number: 07200354) were approved and authorised for issue by the Board of Directors on 27 February 2024. They were signed on its behalf by:

Deborah Jayne Blake
Director
BLAKES BAKERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
BLAKES BAKERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Blakes Bakery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Doublebois Industrial Estate, Cornwall, PL14 6LE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 10 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 37 37

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 September 2022 200,000 103,821 62,142 365,963
Additions 0 18,808 30,757 49,565
At 31 August 2023 200,000 122,629 92,899 415,528
Accumulated depreciation
At 01 September 2022 0 16,523 22,571 39,094
Charge for the financial year 0 9,264 12,795 22,059
At 31 August 2023 0 25,787 35,366 61,153
Net book value
At 31 August 2023 200,000 96,842 57,533 354,375
At 31 August 2022 200,000 87,298 39,571 326,869

4. Fixed asset investments

Listed investments Total
£ £
Carrying value before impairment
At 01 September 2022 100 100
At 31 August 2023 100 100
Provisions for impairment
At 01 September 2022 0 0
At 31 August 2023 0 0
Carrying value at 31 August 2023 100 100
Carrying value at 31 August 2022 100 100

5. Debtors

2023 2022
£ £
Trade debtors 76,039 71,088
VAT recoverable 9,531 7,952
85,570 79,040

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,208 4,943
Trade creditors 80,835 73,513
Amounts owed to directors 26,310 15,886
Accruals 3,250 2,950
Taxation and social security 30,634 49,332
Obligations under finance leases and hire purchase contracts 0 3,157
Other creditors 4,120 1,319
150,357 151,100

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 9,503 14,698

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100