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Company Registration No. 08043259 (England and Wales)
The Cakeshed Ltd Unaudited accounts for the year ended 31 October 2023
The Cakeshed Ltd Unaudited accounts Contents
Page
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The Cakeshed Ltd Company Information for the year ended 31 October 2023
Director
J Glenister
Company Number
08043259 (England and Wales)
Registered Office
32 The Pantiles Tunbridge Wells Kent TN2 5TN
Accountants
Clayton Stirling 123 Cross Lane East Gravesend Kent DA12 5HA
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The Cakeshed Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,514 
2,236 
Current assets
Inventories
2,500 
1,500 
Debtors
78,412 
62,462 
Cash at bank and in hand
4,774 
26,922 
85,686 
90,884 
Creditors: amounts falling due within one year
(42,246)
(29,206)
Net current assets
43,440 
61,678 
Net assets
46,954 
63,914 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
46,854 
63,814 
Shareholders' funds
46,954 
63,914 
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 director acknowledges his 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 31 July 2024 and were signed on its behalf by
J Glenister Director Company Registration No. 08043259
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The Cakeshed Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
The Cakeshed Ltd is a private company, limited by shares, registered in England and Wales, registration number 08043259. The registered office is 32 The Pantiles, Tunbridge Wells, Kent, TN2 5TN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
Straight line over 5 years
Computer equipment
Straight line over 3 years
Turnover
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.
Inventories
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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The Cakeshed Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
34,722 
3,817 
38,539 
Additions
2,167 
40 
2,207 
Disposals
(2,295)
- 
(2,295)
At 31 October 2023
34,594 
3,857 
38,451 
Depreciation
At 1 November 2022
33,054 
3,249 
36,303 
Charge for the year
575 
354 
929 
On disposals
(2,295)
- 
(2,295)
At 31 October 2023
31,334 
3,603 
34,937 
Net book value
At 31 October 2023
3,260 
254 
3,514 
At 31 October 2022
1,668 
568 
2,236 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
77,365 
60,365 
Other debtors
1,047 
2,097 
78,412 
62,462 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,379 
- 
Taxes and social security
32,948 
20,962 
Other creditors
5,294 
6,053 
Loans from directors
448 
469 
Accruals
2,177 
1,722 
42,246 
29,206 
7
Average number of employees
During the year the average number of employees was 14 (2022: 12).
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