Company Registration No. 10773247 (England and Wales)
Cakes by Victoria Limited
Unaudited accounts
for the year ended 31 May 2023
Cakes by Victoria Limited
Unaudited accounts
Contents
Cakes by Victoria Limited
Company Information
for the year ended 31 May 2023
Director
Mrs Victoria Blomfield
Company Number
10773247 (England and Wales)
Registered Office
6 Cleveland Road
Midanbury
Southampton
Hampshire
SO18 2AN
United Kingdom
Accountants
TBT Accountancy Ltd
Hursley Campus
Hursley Park Road
Hursley
Winchester
Hampshire
SO21 2JN
Cakes by Victoria Limited
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
123
750
Creditors: amounts falling due within one year
(28,817)
(27,416)
Net current liabilities
(28,494)
(26,466)
Net liabilities
(28,449)
(26,406)
Called up share capital
100
100
Profit and loss account
(28,549)
(26,506)
Shareholders' funds
(28,449)
(26,406)
For the year ending 31 May 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 her 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 8 February 2024 and were signed on its behalf by
Mrs Victoria Blomfield
Director
Company Registration No. 10773247
Cakes by Victoria Limited
Notes to the Accounts
for the year ended 31 May 2023
Cakes by Victoria Limited is a private company, limited by shares, registered in England and Wales, registration number 10773247. The registered office is 6 Cleveland Road, Midanbury, Southampton, Hampshire, SO18 2AN, United Kingdom.
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.
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
4 Years Reducing Balance
Computer equipment
3 Year Straight Line
Intangible fixed assets and Amortisation - Goodwill
After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.
Goodwill is amortised at a rate of 20% over its estimated useful life of 5 years.
The director has concluded that the company remains a going concern for at least 12 months following the signature of the financial statements. Accordingly, the director has prepared the financial statements on this basis.
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.
Cakes by Victoria Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
250
612
862
At 31 May 2023
250
612
862
At 1 June 2022
190
612
802
Charge for the year
15
-
15
At 31 May 2023
205
612
817
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
28,139
26,963
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Director loans are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).