IRIS Accounts Production v24.2.0.383 04088086 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model Ordinary 1.00000 Ordinary-A 1.00000 Ordinary-B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040880862023-03-31040880862024-03-31040880862023-04-012024-03-31040880862022-03-31040880862022-04-012023-03-31040880862023-03-3104088086ns15:EnglandWales2023-04-012024-03-3104088086ns14:PoundSterling2023-04-012024-03-3104088086ns10:Director12023-04-012024-03-3104088086ns10:Director22023-04-012024-03-3104088086ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104088086ns10:SmallEntities2023-04-012024-03-3104088086ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104088086ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104088086ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104088086ns10:FullAccounts2023-04-012024-03-3104088086ns10:OrdinaryShareClass12023-04-012024-03-3104088086ns10:OrdinaryShareClass22023-04-012024-03-3104088086ns10:OrdinaryShareClass32023-04-012024-03-3104088086ns10:CompanySecretary12023-04-012024-03-3104088086ns10:RegisteredOffice2023-04-012024-03-3104088086ns5:CurrentFinancialInstruments2024-03-3104088086ns5:CurrentFinancialInstruments2023-03-3104088086ns5:Non-currentFinancialInstruments2024-03-3104088086ns5:Non-currentFinancialInstruments2023-03-3104088086ns5:ShareCapital2024-03-3104088086ns5:ShareCapital2023-03-3104088086ns5:RetainedEarningsAccumulatedLosses2024-03-3104088086ns5:RetainedEarningsAccumulatedLosses2023-03-3104088086ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3104088086ns5:FurnitureFittings2023-04-012024-03-3104088086ns5:MotorVehicles2023-04-012024-03-3104088086ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3104088086ns5:FurnitureFittings2023-03-3104088086ns5:MotorVehicles2023-03-3104088086ns5:ShortLeaseholdAssetsns5:LandBuildings2024-03-3104088086ns5:FurnitureFittings2024-03-3104088086ns5:MotorVehicles2024-03-3104088086ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3104088086ns5:FurnitureFittings2023-03-3104088086ns5:MotorVehicles2023-03-3104088086ns5:CostValuation2023-03-3104088086ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104088086ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104088086ns5:AcceleratedTaxDepreciationDeferredTax2024-03-3104088086ns5:AcceleratedTaxDepreciationDeferredTax2023-03-3104088086ns5:DeferredTaxation2023-03-3104088086ns5:DeferredTaxation2023-04-012024-03-3104088086ns5:DeferredTaxation2024-03-3104088086ns10:OrdinaryShareClass12024-03-3104088086ns10:OrdinaryShareClass22024-03-3104088086ns10:OrdinaryShareClass32024-03-31040880861ns10:Director12023-03-31040880861ns10:Director12022-03-31040880861ns10:Director12023-04-012024-03-31040880861ns10:Director12022-04-012023-03-31040880861ns10:Director12024-03-31040880861ns10:Director12023-03-3104088086ns10:Director222023-03-3104088086ns10:Director222022-03-3104088086ns10:Director222023-04-012024-03-3104088086ns10:Director222022-04-012023-03-3104088086ns10:Director222024-03-3104088086ns10:Director222023-03-31
REGISTERED NUMBER: 04088086 (England and Wales)















PRUDENS BAKERY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






PRUDENS BAKERY LTD (REGISTERED NUMBER: 04088086)

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


PRUDENS BAKERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J L Pruden
A M Pruden





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 04088086 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

PRUDENS BAKERY LTD (REGISTERED NUMBER: 04088086)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,265 49,065
Investments 5 40 40
Investment property 6 153,500 153,500
225,805 202,605

CURRENT ASSETS
Stocks 14,984 14,271
Debtors 7 26,758 17,878
Prepayments and accrued income 32,293 32,275
Cash at bank and in hand 128,179 173,426
202,214 237,850
CREDITORS
Amounts falling due within one year 8 154,026 161,735
NET CURRENT ASSETS 48,188 76,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,993

278,720

CREDITORS
Amounts falling due after more than one
year

9

(7,576

)

(12,470

)

PROVISIONS FOR LIABILITIES 10 (16,893 ) (12,180 )
NET ASSETS 249,524 254,070

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 249,324 253,870
SHAREHOLDERS' FUNDS 249,524 254,070

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.

PRUDENS BAKERY LTD (REGISTERED NUMBER: 04088086)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2024 and were signed on its behalf by:




J L Pruden - Director



A M Pruden - Director


PRUDENS BAKERY LTD (REGISTERED NUMBER: 04088086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Prudens Bakery 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.
Short leasehold - 25% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

PRUDENS BAKERY LTD (REGISTERED NUMBER: 04088086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 33,000 528,609 120,764 682,373
Additions - 5,758 41,554 47,312
At 31 March 2024 33,000 534,367 162,318 729,685
DEPRECIATION
At 1 April 2023 33,000 488,004 112,304 633,308
Charge for year - 11,609 12,503 24,112
At 31 March 2024 33,000 499,613 124,807 657,420
NET BOOK VALUE
At 31 March 2024 - 34,754 37,511 72,265
At 31 March 2023 - 40,605 8,460 49,065

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 40
NET BOOK VALUE
At 31 March 2024 40
At 31 March 2023 40

PRUDENS BAKERY LTD (REGISTERED NUMBER: 04088086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 153,500
NET BOOK VALUE
At 31 March 2024 153,500
At 31 March 2023 153,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 21,092 11,862
Other debtors 5,666 6,016
26,758 17,878

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,894 4,773
Trade creditors 90,509 88,130
Taxation and social security 43,861 57,607
Other creditors 14,762 11,225
154,026 161,735

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 7,576 12,470

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 16,893 12,180

PRUDENS BAKERY LTD (REGISTERED NUMBER: 04088086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 12,180
Charge to Income Statement during year 4,713
Balance at 31 March 2024 16,893

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100
50 Ordinary-A £1 50 50
50 Ordinary-B £1 50 50
200 200

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J L Pruden
Balance outstanding at start of year 68 19,402
Amounts advanced 301 -
Amounts repaid - (19,334 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 369 68

A M Pruden
Balance outstanding at start of year 68 19,402
Amounts advanced 301 -
Amounts repaid - (19,334 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 369 68