Company Registration No. SC482363 (Scotland)
You'll Love our Home Bakes Ltd
Unaudited accounts
for the year ended 31 July 2023
You'll Love our Home Bakes Ltd
Unaudited accounts
Contents
You'll Love our Home Bakes Ltd
Company Information
for the year ended 31 July 2023
Company Number
SC482363 (Scotland)
Registered Office
DUMBARTON FOOTBALL STADIUM
CASTLE ROAD
DUMBARTON
G82 1JJ
SCOTLAND
Accountants
Valorem Virtual Finance Ltd
80 Main Street
Alexandria
West Dunbartonshire
G83 0PB
You'll Love our Home Bakes Ltd
Statement of financial position
as at 31 July 2023
Intangible assets
1,200
2,400
Tangible assets
2,367
3,506
Cash at bank and in hand
410
255
Creditors: amounts falling due within one year
(8,145)
(9,941)
Net current liabilities
(6,535)
(6,800)
Total assets less current liabilities
(2,968)
(894)
Creditors: amounts falling due after more than one year
(7,547)
(5,819)
Provisions for liabilities
Net liabilities
(10,515)
(7,523)
Called up share capital
1
1
Profit and loss account
(10,516)
(7,524)
Shareholders' funds
(10,515)
(7,523)
For the year ending 31 July 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 her 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 19 August 2024 and were signed on its behalf by
Gayle McCallum
Director
Company Registration No. SC482363
You'll Love our Home Bakes Ltd
Notes to the Accounts
for the year ended 31 July 2023
You'll Love our Home Bakes Ltd is a private company, limited by shares, registered in Scotland, registration number SC482363. The registered office is DUMBARTON FOOTBALL STADIUM, CASTLE ROAD, DUMBARTON, G82 1JJ, SCOTLAND.
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.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Plant & machinery
20% Straightline
Fixtures & fittings
10% Straighline
4
Intangible fixed assets
Goodwill
You'll Love our Home Bakes Ltd
Notes to the Accounts
for the year ended 31 July 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
4,668
4,902
389
9,959
At 31 July 2023
4,668
4,902
389
9,959
At 1 August 2022
3,209
2,855
389
6,453
Charge for the year
649
490
-
1,139
At 31 July 2023
3,858
3,345
389
7,592
At 31 July 2023
810
1,557
-
2,367
At 31 July 2022
1,459
2,047
-
3,506
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,273
4,255
Obligations under finance leases and hire purchase contracts
-
824
Taxes and social security
2,658
2,148
Other creditors
1,054
1,127
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).