Acorah Software Products - Accounts Production 15.0.500 false true false 26 May 2023 31 March 2024 31 March 2024 14897612 Mr Matthew Harris Mr Tiago Alves Mr Matthew Harris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14897612 2023-05-25 14897612 2024-03-31 14897612 2023-05-26 2024-03-31 14897612 frs-core:Non-currentFinancialInstruments 2024-03-31 14897612 frs-core:BetweenOneFiveYears 2024-03-31 14897612 frs-core:FurnitureFittings 2023-05-26 2024-03-31 14897612 frs-core:NetGoodwill 2023-05-26 2024-03-31 14897612 frs-core:MotorVehicles 2023-05-26 2024-03-31 14897612 frs-core:PlantMachinery 2023-05-26 2024-03-31 14897612 frs-core:WithinOneYear 2024-03-31 14897612 frs-core:RevaluationReserve 2023-05-26 2024-03-31 14897612 frs-core:RevaluationReserve 2024-03-31 14897612 frs-core:ShareCapital 2024-03-31 14897612 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14897612 frs-bus:PrivateLimitedCompanyLtd 2023-05-26 2024-03-31 14897612 frs-bus:AbridgedAccounts 2023-05-26 2024-03-31 14897612 frs-bus:SmallEntities 2023-05-26 2024-03-31 14897612 frs-bus:AuditExempt-NoAccountantsReport 2023-05-26 2024-03-31 14897612 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-26 2024-03-31 14897612 frs-core:AdditionsToInvestments 2024-03-31 14897612 frs-core:CostValuation 2024-03-31 14897612 frs-bus:Director1 2023-05-26 2024-03-31 14897612 frs-bus:Director2 2023-05-26 2024-03-31 14897612 frs-bus:CompanySecretary1 2023-05-26 2024-03-31 14897612 frs-countries:EnglandWales 2023-05-26 2024-03-31
Registered number: 14897612
Linzers Bakery Ltd
Unaudited ABRIDGED Financial Statements
For the Period 26 May 2023 to 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 14897612
31 March 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 1
Tangible Assets 5 161,875
Investments 6 40
161,916
CURRENT ASSETS
Stocks 27,322
Debtors 80,105
Cash at bank and in hand 5,466
112,893
Creditors: Amounts Falling Due Within One Year (75,739 )
NET CURRENT ASSETS (LIABILITIES) 37,154
TOTAL ASSETS LESS CURRENT LIABILITIES 199,070
Creditors: Amounts Falling Due After More Than One Year (99,501 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,198 )
NET ASSETS 80,371
CAPITAL AND RESERVES
Called up share capital 7 1
Revaluation reserve 9 108,600
Profit and Loss Account (28,230 )
SHAREHOLDERS' FUNDS 80,371
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For the period ending 31 March 2024 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Matthew Harris
Director
26/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Linzers Bakery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14897612 . The registered office is 80 Brook Street, Carlisle, Cumbria, CA1 2HP.  The company was incorporated on 26th May 2023 and commenced trading on 29th August 2023.
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.
2.2. 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 and from the rendering of services. 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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.
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 basis.  No depreciation has been charged for the period ended 31st March 2024 as all tangible fixed assets were revalued by an independent professional at that date.
Plant & Machinery 15% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 15% reducing balance
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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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.
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.
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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 period was: 19
19
4. Intangible Assets
Total
£
Cost
As at 26 May 2023 -
Additions 1
As at 31 March 2024 1
Net Book Value
As at 31 March 2024 1
As at 26 May 2023 -
5. Tangible Assets
Total
£
Cost or Valuation
As at 26 May 2023 -
Additions 35,911
Disposals (1,834 )
Revaluation 127,798
As at 31 March 2024 161,875
Net Book Value
As at 31 March 2024 161,875
As at 26 May 2023 -
6. Investments
Total
£
Cost
As at 26 May 2023 -
Additions 40
As at 31 March 2024 40
Provision
As at 26 May 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 40
As at 26 May 2023 -
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7. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 1
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 March 2024
£
Not later than one year 58,004
Later than one year and not later than five years 26,836
84,840
9. Reserves
Revaluation Reserve
£
Surplus on revaluation 127,798
Deferred taxation provision on revalued assets (19,198 )
As at 31 March 2024 108,600
10. Related Party Transactions
The company received a loan from Routledges the Bakers Ltd, a company under common control of the directors, of £99,501. The loan is interest free and will not be repaid until the company has sufficient funds to repay without affecting the cashflow of the company.
During the period, the company sold goods amounting to £5,185 and purchased goods amounting to £1,152 from Routledges the Bakers Ltd. The transactions took place under normal market conditions. The company was owed £2,265 by Routledges the Bakers Ltd at 31st March 2024 which is included in trade debtors.
Matthew Harris has given personal guarentees in respect of outstanding monies on assets purchased and ongoing equipment leases.  
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