Acorah Software Products - Accounts Production 15.0.400 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09829081 Mr Jonathan Chadwick Mr Daniel Chadwick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09829081 2022-10-31 09829081 2023-10-31 09829081 2022-11-01 2023-10-31 09829081 frs-core:CurrentFinancialInstruments 2023-10-31 09829081 frs-core:Non-currentFinancialInstruments 2023-10-31 09829081 frs-core:ComputerEquipment 2023-10-31 09829081 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09829081 frs-core:ComputerEquipment 2022-10-31 09829081 frs-core:FurnitureFittings 2023-10-31 09829081 frs-core:FurnitureFittings 2022-11-01 2023-10-31 09829081 frs-core:FurnitureFittings 2022-10-31 09829081 frs-core:MotorVehicles 2023-10-31 09829081 frs-core:MotorVehicles 2022-11-01 2023-10-31 09829081 frs-core:MotorVehicles 2022-10-31 09829081 frs-core:PlantMachinery 2023-10-31 09829081 frs-core:PlantMachinery 2022-11-01 2023-10-31 09829081 frs-core:PlantMachinery 2022-10-31 09829081 frs-core:ShareCapital 2023-10-31 09829081 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09829081 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09829081 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09829081 frs-bus:SmallEntities 2022-11-01 2023-10-31 09829081 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09829081 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09829081 frs-core:DeferredTaxation 2022-11-01 2023-10-31 09829081 frs-core:DeferredTaxation 2022-10-31 09829081 frs-core:DeferredTaxation 2023-10-31 09829081 frs-bus:Director1 2022-11-01 2023-10-31 09829081 frs-bus:Director2 2022-11-01 2023-10-31 09829081 frs-countries:EnglandWales 2022-11-01 2023-10-31 09829081 2021-10-31 09829081 2022-10-31 09829081 2021-11-01 2022-10-31 09829081 frs-core:CurrentFinancialInstruments 2022-10-31 09829081 frs-core:Non-currentFinancialInstruments 2022-10-31 09829081 frs-core:ShareCapital 2022-10-31 09829081 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09829081
Cakes & Dreams Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09829081
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,503 32,472
54,503 32,472
CURRENT ASSETS
Stocks 5 142,487 102,088
Debtors 6 178,591 45,849
Cash at bank and in hand 62,820 37,617
383,898 185,554
Creditors: Amounts Falling Due Within One Year 7 (285,794 ) (60,694 )
NET CURRENT ASSETS (LIABILITIES) 98,104 124,860
TOTAL ASSETS LESS CURRENT LIABILITIES 152,607 157,332
Creditors: Amounts Falling Due After More Than One Year 8 (19,468 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,672 ) (6,220 )
NET ASSETS 126,467 151,112
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account 126,464 151,109
SHAREHOLDERS' FUNDS 126,467 151,112
Page 1
Page 2
For the year ending 31 October 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Chadwick
Director
28/07/2023
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cakes & Dreams Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09829081 . The registered office is 14 Beaumaris Close, Leigh, Lancs, WN7 5BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Going concern
These financial statements are prepared on a going concern basis. The Directors have every expectation that the company will continue in operational existence for the foreseeable future and meet its liabilities as they fall due.
Thus the Directors consider it appropriate to prepare these financial statements on a going concern basis.
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are showing within borrowings in current liabilities.
2.2. Going Concern Disclosure
These financial statements are prepared on the going concern basis. The Directors have every expectation that the company will continue in operational ecistence for the oreseeable futgure and meet its liabilities as they fall due. 
2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.33% SL
Motor Vehicles 25% RB
Fixtures & Fittings 33.33% SL
Computer Equipment 33.33% SL
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2022: 10)
19 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 1,470 37,428 3,850 3,581 46,329
Additions - 29,000 6,857 728 36,585
As at 31 October 2023 1,470 66,428 10,707 4,309 82,914
Depreciation
As at 1 November 2022 133 11,746 405 1,573 13,857
Provided during the period 490 10,910 2,279 875 14,554
As at 31 October 2023 623 22,656 2,684 2,448 28,411
Net Book Value
As at 31 October 2023 847 43,772 8,023 1,861 54,503
As at 1 November 2022 1,337 25,682 3,445 2,008 32,472
Cost or valuation as at 31 October 2023 represented by:
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
At cost 1,470 66,428 10,707 4,309 82,914
1,470 66,428 10,707 4,309 82,914
5. Stocks
2023 2022
£ £
Stock 142,487 102,088
Page 4
Page 5
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 168,460 45,849
Prepayments and accrued income 5,905 -
Other debtors 4,226 -
178,591 45,849
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 194,799 4,840
Other loans 8,003 -
Other taxes and social security 15,591 13,015
Other creditors 49,329 42,839
Accruals and deferred income 18,072 -
285,794 60,694
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 19,468 -
19,468 -
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 November 2022 6,220 6,220
Additions 451 451
Balance at 31 October 2023 6,671 6,671
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
11. Financial Instruments
Page 5