Registered number
09519153
Swiss Bread (UK) Limited
Filleted Accounts
31 December 2023
Swiss Bread (UK) Limited
Registered number: 09519153
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,071 10,926
Current assets
Stocks 9,950 7,350
Debtors 4 10,437 20,116
Cash at bank and in hand 168,345 162,397
188,732 189,863
Creditors: amounts falling due within one year 5 (152,313) (111,968)
Net current assets 36,419 77,895
Total assets less current liabilities 47,490 88,821
Creditors: amounts falling due after more than one year 6 - (6,434)
Net assets 47,490 82,387
Capital and reserves
Called up share capital 100 100
Profit and loss account 47,390 82,287
Shareholders' funds 47,490 82,387
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tanja Gugger
Director
Approved by the board on 12 March 2024
Swiss Bread (UK) Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 31,602
Additions 3,955
At 31 December 2023 35,557
Depreciation
At 1 January 2023 20,676
Charge for the year 3,810
At 31 December 2023 24,486
Net book value
At 31 December 2023 11,071
At 31 December 2022 10,926
4 Debtors 2023 2022
£ £
Trade debtors (629) 7,683
Other debtors 11,066 12,433
10,437 20,116
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 58,389 34,054
Taxation and social security costs 11,308 24,047
Other creditors 82,616 53,867
152,313 111,968
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors - 6,434
7 Other information
Swiss Bread (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
175 Ashburnham Road
Richmond
Surrey
TW10 7NR
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