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REGISTERED NUMBER: 08212925 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bread Ahead Ltd

Bread Ahead Ltd (Registered number: 08212925)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bread Ahead Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M W Jones
C Malec





REGISTERED OFFICE: Bread Ahead - Borough Market
Cathedral Street
London
SE1 9DE





REGISTERED NUMBER: 08212925 (England and Wales)





ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA

Bread Ahead Ltd (Registered number: 08212925)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 995,818 834,196

CURRENT ASSETS
Stocks 38,000 51,000
Debtors 5 2,967,119 3,175,723
Cash at bank 142,373 65,871
3,147,492 3,292,594
CREDITORS
Amounts falling due within one year 6 1,983,071 2,182,641
NET CURRENT ASSETS 1,164,421 1,109,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,160,239

1,944,149

CREDITORS
Amounts falling due after more than one
year

7

(294,033

)

(158,523

)

PROVISIONS FOR LIABILITIES (229,484 ) (148,905 )
NET ASSETS 1,636,722 1,636,721

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,636,622 1,636,621
SHAREHOLDERS' FUNDS 1,636,722 1,636,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Bread Ahead Ltd (Registered number: 08212925)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





M W Jones - Director


Bread Ahead Ltd (Registered number: 08212925)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bread Ahead Ltd 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 each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance and 25% on reducing balance

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

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 225 ).

Bread Ahead Ltd (Registered number: 08212925)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,264,398 1,131,249 12,596 2,408,243
Additions 65,681 521,351 - 587,032
At 31 March 2024 1,330,079 1,652,600 12,596 2,995,275
DEPRECIATION
At 1 April 2023 861,819 700,806 11,422 1,574,047
Charge for year 115,056 309,967 387 425,410
At 31 March 2024 976,875 1,010,773 11,809 1,999,457
NET BOOK VALUE
At 31 March 2024 353,204 641,827 787 995,818
At 31 March 2023 402,579 430,443 1,174 834,196

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 299,625 28,860
Amounts owed by group undertakings 935,883 1,543,189
Other debtors 164,703 164,703
Other tax debtors 401,910 335,325
Directors' current accounts 1,125,491 928,205
VAT - 59,807
Prepayments and accrued income 39,507 115,634
2,967,119 3,175,723

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 102,550 1,252
Hire purchase contracts 286,712 286,712
Trade creditors 459,772 954,025
Amounts owed to group undertakings 600,077 559,227
Tax 245,155 121,873
Social security and other taxes 33,674 37,272
Net wages 96,118 92,575
VAT 64,744 -
Other creditors 6,000 6,000
Pension creditors 9,310 7,289
Directors' current accounts 16,512 38,969
Accruals and deferred income 50,000 65,000
Accrued expenses 12,447 12,447
1,983,071 2,182,641

Bread Ahead Ltd (Registered number: 08212925)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 294,033 158,523