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REGISTERED NUMBER: 04174033 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Bramley Village Bakery Limited

Bramley Village Bakery Limited (Registered number: 04174033)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bramley Village Bakery Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S C Smart
Mrs T L Smart





SECRETARY: Mrs T L Smart





REGISTERED OFFICE: Sherfield Road
Bramley
Tadley
Hampshire
RG26 5AG





REGISTERED NUMBER: 04174033 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Bramley Village Bakery Limited (Registered number: 04174033)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,942 61,401

CURRENT ASSETS
Stocks 29,524 27,293
Debtors 5 65,263 80,189
Cash at bank and in hand 405 98
95,192 107,580
CREDITORS
Amounts falling due within one year 6 121,766 132,823
NET CURRENT LIABILITIES (26,574 ) (25,243 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,368

36,158

CREDITORS
Amounts falling due after more than one
year

7

(28,918

)

(24,315

)

PROVISIONS FOR LIABILITIES 10 (14,619 ) (11,721 )
NET ASSETS 6,831 122

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 6,731 22
SHAREHOLDERS' FUNDS 6,831 122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Bramley Village Bakery Limited (Registered number: 04174033)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





S C Smart - Director


Bramley Village Bakery Limited (Registered number: 04174033)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Bramley Village Bakery Limited 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Shop and café equipment - 25% on cost

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

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Bramley Village Bakery Limited (Registered number: 04174033)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


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, adjusted for indexation where applicable.

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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 103,024 96,562 11,150
Additions - - 3,025
Disposals - - (11,150 )
At 30 April 2024 103,024 96,562 3,025
DEPRECIATION
At 1 May 2023 102,121 58,860 11,150
Charge for year 462 1,861 756
Eliminated on disposal - - (11,150 )
At 30 April 2024 102,583 60,721 756
NET BOOK VALUE
At 30 April 2024 441 35,841 2,269
At 30 April 2023 903 37,702 -

Bramley Village Bakery Limited (Registered number: 04174033)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS - continued

Shop and
Motor café
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 57,085 28,010 295,831
Additions 31,995 - 35,020
Disposals (15,495 ) - (26,645 )
At 30 April 2024 73,585 28,010 304,206
DEPRECIATION
At 1 May 2023 36,817 25,482 234,430
Charge for year 18,396 1,528 23,003
Eliminated on disposal (19,019 ) - (30,169 )
At 30 April 2024 36,194 27,010 227,264
NET BOOK VALUE
At 30 April 2024 37,391 1,000 76,942
At 30 April 2023 20,268 2,528 61,401

The obligations under hire purchase agreements are secured against the items of plant and machinery to which they relate that have a carrying value of £29,994 (2023: £16,395).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 53,866 68,047
Other debtors 11,397 12,142
65,263 80,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 32,060 12,882
Hire purchase contracts (see note 8) 8,648 6,612
Trade creditors 55,336 66,766
Taxation and social security 9,561 15,696
Other creditors 16,161 30,867
121,766 132,823

Bramley Village Bakery Limited (Registered number: 04174033)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 12,358 22,648
Hire purchase contracts (see note 8) 16,560 1,667
28,918 24,315

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 8,648 6,612
Between one and five years 16,560 1,667
25,208 8,279

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 33,745 33,966
Between one and five years 107,811 115,056
In more than five years - 26,500
141,556 175,522

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 25,208 8,279

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 14,619 11,721

Bramley Village Bakery Limited (Registered number: 04174033)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 11,721
Accelerated capital allowances 2,898
Balance at 30 April 2024 14,619

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100