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REGISTERED NUMBER: 14235230 (England and Wales)















Unaudited Financial Statements

for the Period 14 July 2022 to 31 July 2023

for

Otis & Belle Bakeries Ltd

Otis & Belle Bakeries Ltd (Registered number: 14235230)

Contents of the Financial Statements
for the period 14 July 2022 to 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Otis & Belle Bakeries Ltd

Company Information
for the period 14 July 2022 to 31 July 2023







DIRECTOR: W R Alexander





REGISTERED OFFICE: Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA





REGISTERED NUMBER: 14235230 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

Otis & Belle Bakeries Ltd (Registered number: 14235230)

Balance Sheet
31 July 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 25,164

CURRENT ASSETS
Stocks 2,500
Debtors 5 21,161
Cash at bank and in hand 3,660
27,321
CREDITORS
Amounts falling due within one year 6 70,944
NET CURRENT LIABILITIES (43,623 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,459

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (18,559 )
(18,459 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Otis & Belle Bakeries Ltd (Registered number: 14235230)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2024 and were signed by:





W R Alexander - Director


Otis & Belle Bakeries Ltd (Registered number: 14235230)

Notes to the Financial Statements
for the period 14 July 2022 to 31 July 2023


1. STATUTORY INFORMATION

Otis & Belle Bakeries Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The director considers that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Otis & Belle Bakeries Ltd (Registered number: 14235230)

Notes to the Financial Statements - continued
for the period 14 July 2022 to 31 July 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
Additions 26,242 2,066 28,308
At 31 July 2023 26,242 2,066 28,308
DEPRECIATION
Charge for period 2,624 520 3,144
At 31 July 2023 2,624 520 3,144
NET BOOK VALUE
At 31 July 2023 23,618 1,546 25,164

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 4,300
Other debtors 16,861
21,161

Otis & Belle Bakeries Ltd (Registered number: 14235230)

Notes to the Financial Statements - continued
for the period 14 July 2022 to 31 July 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 21,602
Other creditors 49,342
70,944

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 30,000
Between one and five years 97,500
127,500

8. RELATED PARTY DISCLOSURES

Included within other creditors is a director's current account in the sum of £45,000. The account is unsecured, interest free and carries no fixed date of repayment.