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Company Registration No. NI071025 (Northern Ireland)
Cherrytree Home Bakery Ltd Unaudited accounts for the year ended 30 November 2023
Cherrytree Home Bakery Ltd Unaudited accounts Contents
Page
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Cherrytree Home Bakery Ltd Company Information for the year ended 30 November 2023
Directors
Ms J Charles Mr A Charles Mr G Charles
Secretary
Mr G Charles
Company Number
NI071025 (Northern Ireland)
Registered Office
107- 109 Main Street Lisnaskea Fermanagh BT92 0JD
Accountants
MacNeary Rasdale & Co. Ltd Wellington House 30 Darling St Enniskillen Fermanagh BT74 7EW
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Accountants' report to the Board of Directors on the unaudited financial statements of Cherrytree Home Bakery Ltd for the year ended 30 November 2023
In accordance with our engagement letter dated 1 May 2024, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made solely to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors as a body, for our work or for this report.
We have carried out this engagement in accordance with guidance issued by the Chartered Accountants Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet for the year ended 30 November 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
MacNeary Rasdale & Co. Ltd Chartered Accountants Wellington House 30 Darling St Enniskillen Fermanagh BT74 7EW 31 July 2024
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Cherrytree Home Bakery Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
681,871 
174,323 
Current assets
Inventories
62,500 
62,500 
Debtors
83,034 
181,089 
Cash at bank and in hand
13,979 
14,080 
159,513 
257,669 
Creditors: amounts falling due within one year
(329,281)
(331,328)
Net current liabilities
(169,768)
(73,659)
Total assets less current liabilities
512,103 
100,664 
Creditors: amounts falling due after more than one year
(402,773)
- 
Provisions for liabilities
Deferred tax
(4,884)
(4,884)
Net assets
104,446 
95,780 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
94,446 
85,780 
Shareholders' funds
104,446 
95,780 
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Mr G Charles Director Company Registration No. NI071025
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Cherrytree Home Bakery Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Cherrytree Home Bakery Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI071025. The registered office is 107- 109 Main Street, Lisnaskea, Fermanagh, BT92 0JD.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
10% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
275,000 
At 30 November 2023
275,000 
Amortisation
At 1 December 2022
275,000 
At 30 November 2023
275,000 
Net book value
At 30 November 2023
- 
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Cherrytree Home Bakery Ltd Notes to the Accounts for the year ended 30 November 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
- 
11,000 
63,559 
308,943 
383,502 
Additions
525,500 
31,000 
- 
3,416 
559,916 
At 30 November 2023
525,500 
42,000 
63,559 
312,359 
943,418 
Depreciation
At 1 December 2022
- 
4,400 
11,586 
193,193 
209,179 
Charge for the year
- 
8,400 
12,712 
31,256 
52,368 
At 30 November 2023
- 
12,800 
24,298 
224,449 
261,547 
Net book value
At 30 November 2023
525,500 
29,200 
39,261 
87,910 
681,871 
At 30 November 2022
- 
6,600 
51,973 
115,750 
174,323 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
7,736 
7,690 
Trade debtors
42,276 
37,894 
Accrued income and prepayments
1,476 
1,476 
Other debtors
31,546 
31,546 
83,034 
78,606 
Amounts falling due after more than one year
Other debtors
- 
102,483 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
51,568 
53,122 
Obligations under finance leases and hire purchase contracts
26,416 
34,622 
Trade creditors
107,112 
106,880 
Taxes and social security
134,465 
124,974 
Other creditors
- 
2,010 
Accruals
9,720 
9,720 
329,281 
331,328 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
402,773 
- 
9
Average number of employees
During the year the average number of employees was 23 (2022: 23).
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