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
The Cakeshed Ltd
Company Information
for the year ended 31 October 2023
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
The Cakeshed Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
3,514
2,236
Cash at bank and in hand
4,774
26,922
Creditors: amounts falling due within one year
(42,246)
(29,206)
Net current assets
43,440
61,678
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
The Cakeshed Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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 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 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.
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 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 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.
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
Disposals
(2,295)
-
(2,295)
At 31 October 2023
34,594
3,857
38,451
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
At 31 October 2023
3,260
254
3,514
At 31 October 2022
1,668
568
2,236
Amounts falling due within one year
Amounts due from group undertakings etc.
77,365
60,365
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
32,948
20,962
Other creditors
5,294
6,053
Loans from directors
448
469
7
Average number of employees
During the year the average number of employees was 14 (2022: 12).