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REGISTERED NUMBER: 09898869 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Bread and Butties Limited

Bread and Butties Limited (Registered number: 09898869)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bread and Butties Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr P Theophanous
Mrs E Theophanous





SECRETARY: Mrs E Theophanous





REGISTERED OFFICE: 18 Longsight Lane
Cheadle Hulme
Cheshire
SK8 6PW





REGISTERED NUMBER: 09898869 (England and Wales)





ACCOUNTANTS: Lucas Reis Limited
Landmark House
Station Road
Cheadle Hulme
Cheshire
SK8 7BS

Bread and Butties Limited (Registered number: 09898869)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,872 39,309
Tangible assets 5 16,472 16,675
48,344 55,984

CURRENT ASSETS
Stocks 2,128 2,560
Debtors 6 2,663 -
Cash at bank and in hand 1,576 13,520
6,367 16,080
CREDITORS
Amounts falling due within one year 7 155,498 108,453
NET CURRENT LIABILITIES (149,131 ) (92,373 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(100,787

)

(36,389

)

CREDITORS
Amounts falling due after more than one
year

8

(26,707

)

(27,757

)

PROVISIONS FOR LIABILITIES (3,532 ) (3,168 )
NET LIABILITIES (131,026 ) (67,314 )

Bread and Butties Limited (Registered number: 09898869)

Balance Sheet - continued
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings (132,026 ) (68,314 )
SHAREHOLDERS' FUNDS (131,026 ) (67,314 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





Mr P Theophanous - Director


Bread and Butties Limited (Registered number: 09898869)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Bread and Butties 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 represents total sales net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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 - 20% on reducing balance

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 Statement of Income and Retained Earnings, 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.

Bread and Butties Limited (Registered number: 09898869)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 49 (2022 - 47 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 74,370
AMORTISATION
At 1 December 2022 35,061
Charge for year 7,437
At 30 November 2023 42,498
NET BOOK VALUE
At 30 November 2023 31,872
At 30 November 2022 39,309

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 33,547
Additions 3,916
At 30 November 2023 37,463
DEPRECIATION
At 1 December 2022 16,872
Charge for year 4,119
At 30 November 2023 20,991
NET BOOK VALUE
At 30 November 2023 16,472
At 30 November 2022 16,675

Bread and Butties Limited (Registered number: 09898869)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 2,663 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 9) 4,754 8,459
Trade creditors - 39,593
VAT 14,019 9,904
Other creditors 6,104 4,492
Directors' loan accounts 95,744 40,659
Accrued expenses 34,877 5,346
155,498 108,453

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 9) 26,707 27,757

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,690 9,140

9. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 4,754 8,459

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,754 4,654

Amounts falling due between two and five years:
Bank loans - 2-5 years 14,263 13,963

Amounts falling due in more than five years:

Bread and Butties Limited (Registered number: 09898869)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. LOANS - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 7,690 9,140

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Theophanous.