Company Registration No. 12673146 (England and Wales)
THE TIPSY BAKERY LIMITED
Unaudited accounts
for the year ended 30 June 2023
THE TIPSY BAKERY LIMITED
Unaudited accounts
Contents
THE TIPSY BAKERY LIMITED
Company Information
for the year ended 30 June 2023
Company Number
12673146 (England and Wales)
Registered Office
13 FARM HOLT
NEW ASH GREEN
LONGFIELD
DA3 8QA
ENGLAND
THE TIPSY BAKERY LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
5,836
1,975
Cash at bank and in hand
12,201
5,632
Creditors: amounts falling due within one year
(6,505)
(9,269)
Net current assets/(liabilities)
7,531
(1,802)
Called up share capital
100
100
Profit and loss account
13,267
73
Shareholders' funds
13,367
173
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 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 27 March 2024 and were signed on its behalf by
Emma Rus
Director
Company Registration No. 12673146
THE TIPSY BAKERY LIMITED
Notes to the Accounts
for the year ended 30 June 2023
THE TIPSY BAKERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12673146. The registered office is 13 FARM HOLT, NEW ASH GREEN, LONGFIELD, DA3 8QA, 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.
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:
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
25% Reducing Balance Basis
Computer equipment
25% Straight Line 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.
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.
THE TIPSY BAKERY LIMITED
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
-
2,995
580
3,575
Additions
3,376
2,527
-
5,903
At 30 June 2023
3,376
5,522
580
9,478
At 1 July 2022
-
1,310
290
1,600
Charge for the year
844
1,053
145
2,042
At 30 June 2023
844
2,363
435
3,642
At 30 June 2023
2,532
3,159
145
5,836
At 30 June 2022
-
1,685
290
1,975
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,640
2,003
Loans from directors
-
6,066
6
Average number of employees
During the year the average number of employees was 5 (2022: 1).