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REGISTERED NUMBER: 09260459 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BAKED ACADEMY LIMITED

BAKED ACADEMY LIMITED (REGISTERED NUMBER: 09260459)






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


BAKED ACADEMY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: C J Beaddie





REGISTERED OFFICE: 10 Wilbury Grange, Wilbury Road
Hove
East Sussex
BN3 3GN





REGISTERED NUMBER: 09260459 (England and Wales)





ACCOUNTANTS: Haines & Co
Chartered Accountants
Carlton House
28-29 Carlton Terrace
Portslade
Brighton
BN41 1UR

BAKED ACADEMY LIMITED (REGISTERED NUMBER: 09260459)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,900 69,075

CURRENT ASSETS
Stocks 3,800 3,000
Debtors 5 27,925 17,310
Cash at bank and in hand 3,452 62,413
35,177 82,723
CREDITORS
Amounts falling due within one year 6 91,750 99,288
NET CURRENT LIABILITIES (56,573 ) (16,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,327

52,510

CREDITORS
Amounts falling due after more than one year 7 (11,667 ) (21,667 )

PROVISIONS FOR LIABILITIES (2,065 ) (5,500 )
NET (LIABILITIES)/ASSETS (1,405 ) 25,343

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,406 ) 25,342
SHAREHOLDERS' FUNDS (1,405 ) 25,343

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.

BAKED ACADEMY LIMITED (REGISTERED NUMBER: 09260459)

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 director and authorised for issue on 20 August 2024 and were signed by:





C J Beaddie - Director


BAKED ACADEMY LIMITED (REGISTERED NUMBER: 09260459)

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

1. STATUTORY INFORMATION

Baked Academy 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.

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 etc - 33% on cost

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.

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 14 (2023 - 16 ) .

BAKED ACADEMY LIMITED (REGISTERED NUMBER: 09260459)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 43,822 146,158 189,980
Additions - 23,585 23,585
At 31 March 2024 43,822 169,743 213,565
DEPRECIATION
At 1 April 2023 - 120,905 120,905
Charge for year - 23,760 23,760
At 31 March 2024 - 144,665 144,665
NET BOOK VALUE
At 31 March 2024 43,822 25,078 68,900
At 31 March 2023 43,822 25,253 69,075

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,365 1,626
Other debtors 16,560 15,684
27,925 17,310

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,610 15,586
Taxation and social security 18,932 17,565
Other creditors 66,208 66,137
91,750 99,288

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 11,667 21,667

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 10,000 10,000

BAKED ACADEMY LIMITED (REGISTERED NUMBER: 09260459)

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

8. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Other loans - 2-5 years 1,667 11,667

The company received a bounce back loan of £50,000 in May 2020. The loan is unsecured and bears interest at 2.5% from May 2021. The loan is repayable from May 2021 in monthly instalments of £939.

9. OTHER FINANCIAL COMMITMENTS

The company has an operating lease for the premises from which it carries out business. The lease expires in 2029 and the annual rent payable is £23,000.