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REGISTERED NUMBER: 11893898 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SOTIRIS BAKERY LIMITED

SOTIRIS BAKERY LIMITED (REGISTERED NUMBER: 11893898)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOTIRIS BAKERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr S. Bourmpos





SECRETARY: Dr. G. Mitsala





REGISTERED OFFICE: 128 Stoke Lane
Westbury-on-Trym
Bristol
Avon
BS9 3RJ





REGISTERED NUMBER: 11893898 (England and Wales)





ACCOUNTANTS: LARKOS & PARTNERS
128 STOKE LANE
WESTBURY ON TRYM
BRISTOL
BS9 3RJ

SOTIRIS BAKERY LIMITED (REGISTERED NUMBER: 11893898)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,250 12,250
Tangible assets 5 56,928 66,975
69,178 79,225

CURRENT ASSETS
Debtors 6 2,566 4,076
Cash at bank 58 305
2,624 4,381
CREDITORS
Amounts falling due within one year 7 33,515 18,831
NET CURRENT LIABILITIES (30,891 ) (14,450 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,287

64,775

CREDITORS
Amounts falling due after more than one year 8 47,000 47,000
NET (LIABILITIES)/ASSETS (8,713 ) 17,775

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 (9,713 ) 16,775
SHAREHOLDERS' FUNDS (8,713 ) 17,775

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 director acknowledges his 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.

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 Director the director and authorised for issue on 7 August 2024 and were signed by:





Mr S. Bourmpos - Director


SOTIRIS BAKERY LIMITED (REGISTERED NUMBER: 11893898)

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


1. STATUTORY INFORMATION

Sotiris Bakery Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

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 1 (2023 - 3 ) .

SOTIRIS BAKERY LIMITED (REGISTERED NUMBER: 11893898)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 12,250
NET BOOK VALUE
At 31 March 2024 12,250
At 31 March 2023 12,250

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 39,833 71,532 111,365
DEPRECIATION
At 1 April 2023 14,362 30,028 44,390
Charge for year 3,821 6,226 10,047
At 31 March 2024 18,183 36,254 54,437
NET BOOK VALUE
At 31 March 2024 21,650 35,278 56,928
At 31 March 2023 25,471 41,504 66,975

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 2,500 2,500
VAT - 1,394
Prepayments 66 182
2,566 4,076

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 1 1
Other creditors 27,000 9,000
Directors' current accounts 4,988 7,822
Accrued expenses 1,526 2,008
33,515 18,831

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Directors Loan 47,000 47,000

SOTIRIS BAKERY LIMITED (REGISTERED NUMBER: 11893898)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
500 Ordinary A 1 500 500
500 Ordinary B 1 500 500
1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 April 2023 16,775
Deficit for the year (26,488 )
At 31 March 2024 (9,713 )