Company Registration No. 12743403 (England and Wales)
TRULY SCRUMPTIOUS BAKES (CARDIGAN) LTD
Unaudited accounts
for the year ended 30 June 2023
TRULY SCRUMPTIOUS BAKES (CARDIGAN) LTD
Unaudited accounts
Contents
TRULY SCRUMPTIOUS BAKES (CARDIGAN) LTD
Company Information
for the year ended 30 June 2023
Directors
Mrs Rhiane Harries
Mrs Naomi Rothwell-Smith
Company Number
12743403 (England and Wales)
Registered Office
26 LANDSMOOR DRIVE
LONGTON
PRESTON
PR4 5PE
ENGLAND
Accountants
Xoba Limited
26 Landsmoor Drive
Longton
Preston
Lancashire
PR4 5PE
TRULY SCRUMPTIOUS BAKES (CARDIGAN) LTD
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
64
204
Creditors: amounts falling due within one year
(47,678)
(58,843)
Net current liabilities
(47,013)
(54,458)
Net liabilities
(47,013)
(45,014)
Called up share capital
120
120
Profit and loss account
(47,133)
(45,134)
Shareholders' funds
(47,013)
(45,014)
For the year ending 30 June 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 29 February 2024 and were signed on its behalf by
Mrs Naomi Rothwell-Smith
Director
Company Registration No. 12743403
TRULY SCRUMPTIOUS BAKES (CARDIGAN) LTD
Notes to the Accounts
for the year ended 30 June 2023
TRULY SCRUMPTIOUS BAKES (CARDIGAN) LTD is a private company, limited by shares, registered in England and Wales, registration number 12743403. The registered office is 26 LANDSMOOR DRIVE, LONGTON, PRESTON, PR4 5PE, ENGLAND.
2
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 remained unchanged from the previous year, and also 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
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
3 years straight line
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
TRULY SCRUMPTIOUS BAKES (CARDIGAN) LTD
Notes to the Accounts
for the year ended 30 June 2023
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.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
9,370
3,985
489
13,844
Disposals
(9,370)
(7,309)
(489)
(17,168)
At 1 July 2022
2,988
1,249
163
4,400
Charge for the year
1,278
804
163
2,245
Surplus on revaluation
(4,266)
-
-
(4,266)
On disposals
-
(2,053)
(326)
(2,379)
At 30 June 2022
6,382
2,736
326
9,444
Amounts falling due within one year
Accrued income and prepayments
-
105
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
43,635
46,660
Taxes and social security
-
332
Loans from directors
2,743
2,731
TRULY SCRUMPTIOUS BAKES (CARDIGAN) LTD
Notes to the Accounts
for the year ended 30 June 2023
7
Average number of employees
During the year the average number of employees was 5 (2022: 7).