Company Registration No. 4988803 (England and Wales)
Sophocles Bakery Limited
Unaudited accounts
for the year ended 31 December 2023
Sophocles Bakery Limited
Unaudited accounts
Contents
Sophocles Bakery Limited
Company Information
for the year ended 31 December 2023
Company Number
4988803 (England and Wales)
Registered Office
2 PAUL GARDENS
CROYDON
SURREY
CR0 5QL
Accountants
Milton & Co
International Accountants
2 Paul Gardens
Croydon
Surrey
CR0 5QL
Sophocles Bakery Limited
Statement of financial position
as at 31 December 2023
Intangible assets
75,000
75,000
Tangible assets
2,991
3,988
Cash at bank and in hand
136,242
49,374
Creditors: amounts falling due within one year
(146,942)
(79,587)
Net current assets/(liabilities)
2,583
(16,140)
Total assets less current liabilities
80,574
62,848
Creditors: amounts falling due after more than one year
(189,000)
(189,000)
Net liabilities
(108,426)
(126,152)
Called up share capital
2
2
Profit and loss account
(108,428)
(126,154)
Shareholders' funds
(108,426)
(126,152)
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 26 March 2024 and were signed on its behalf by
G Galiotzakis
Director
Company Registration No. 4988803
Sophocles Bakery Limited
Notes to the Accounts
for the year ended 31 December 2023
Sophocles Bakery Limited is a private company, limited by shares, registered in England and Wales, registration number 4988803. The registered office is 2 PAUL GARDENS, CROYDON, SURREY, CR0 5QL. The principal place of business is 24 Camberwell Church Street, London, SE5 8QU.
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
25% reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
The principal activity of the Company is that of Wholesale and Retail Bakers and Patisserie.
The Director does not recommend the payment of any Dividend.
Sophocles Bakery Limited
Notes to the Accounts
for the year ended 31 December 2023
The accounts have been drawn up on the going concern basis following the Director’s assessment of the company’s ability to trade for at least 12 months from the date these accounts have been approved. In conclusion, whilst there is some uncertainty, the Director does not believe there is a material uncertainty which casts significant doubt on the company’s ability to continue to trade.
4
Intangible fixed assets
Goodwill
At 31 December 2023
75,000
At 31 December 2023
75,000
At 31 December 2022
75,000
5
Tangible fixed assets
Plant & machinery
At 31 December 2023
53,984
At 31 December 2023
50,993
Amounts falling due within one year
Trade debtors
8,916
11,073
Sophocles Bakery Limited
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
135,680
71,467
Taxes and social security
342
840
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
189,000
189,000
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 19 (2022: 19).