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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
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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
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TRULY SCRUMPTIOUS BAKES (CARDIGAN) LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
9,444 
Current assets
Inventories
500 
1,500 
Debtors
101 
2,681 
Cash at bank and in hand
64 
204 
665 
4,385 
Creditors: amounts falling due within one year
(47,678)
(58,843)
Net current liabilities
(47,013)
(54,458)
Net liabilities
(47,013)
(45,014)
Capital and reserves
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
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TRULY SCRUMPTIOUS BAKES (CARDIGAN) LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
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.
Pension costs
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.
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TRULY SCRUMPTIOUS BAKES (CARDIGAN) LTD Notes to the Accounts for the year ended 30 June 2023
Deferred taxation
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 
Additions
- 
3,324 
- 
3,324 
Disposals
(9,370)
(7,309)
(489)
(17,168)
At 30 June 2023
- 
- 
- 
- 
Depreciation
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 2023
- 
- 
- 
- 
Net book value
At 30 June 2023
- 
- 
- 
- 
At 30 June 2022
6,382 
2,736 
326 
9,444 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
81 
- 
Trade debtors
- 
1,044 
Accrued income and prepayments
- 
105 
Other debtors
20 
1,532 
101 
2,681 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
3,424 
Trade creditors
800 
3,242 
Amounts owed to group undertakings and other participating interests
43,635 
46,660 
Taxes and social security
- 
332 
Other creditors
- 
2,244 
Loans from directors
2,743 
2,731 
Accruals
500 
210 
47,678 
58,843 
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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).
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