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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

SPLITS BAKERY LIMITED

SPLITS BAKERY LIMITED (REGISTERED NUMBER: 06473838)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPLITS BAKERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: C J Edney
Mrs L H Edney





REGISTERED OFFICE: C/o Evans Weir
The Victoria
25 St Pancras
Chichester
West Sussex
PO19 7LT





REGISTERED NUMBER: 06473838 (England and Wales)





ACCOUNTANTS: Evans Weir
The Victoria
25 St Pancras
Chichester
West Sussex
PO19 7LT

SPLITS BAKERY LIMITED (REGISTERED NUMBER: 06473838)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,906 63,850

CURRENT ASSETS
Stocks 2,690 2,930
Debtors 5 1,067 495
Cash at bank and in hand 87 618
3,844 4,043
CREDITORS
Amounts falling due within one year 6 64,525 51,369
NET CURRENT LIABILITIES (60,681 ) (47,326 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,775

)

16,524

CREDITORS
Amounts falling due after more than one
year

7

9,333

17,333
NET LIABILITIES (13,108 ) (809 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (13,208 ) (909 )
SHAREHOLDERS' FUNDS (13,108 ) (809 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

SPLITS BAKERY LIMITED (REGISTERED NUMBER: 06473838)

BALANCE SHEET - continued
31ST 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 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 9th July 2024 and were signed on its behalf by:




C J Edney - Director



Mrs L H Edney - Director


SPLITS BAKERY LIMITED (REGISTERED NUMBER: 06473838)

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

1. STATUTORY INFORMATION

Splits 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.

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 - 25% 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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

SPLITS BAKERY LIMITED (REGISTERED NUMBER: 06473838)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 959 127,836 128,795
Additions - 230 230
Disposals - (8,742 ) (8,742 )
At 31st March 2024 959 119,324 120,283
DEPRECIATION
At 1st April 2023 959 63,986 64,945
Charge for year - 6,708 6,708
Eliminated on disposal - (8,276 ) (8,276 )
At 31st March 2024 959 62,418 63,377
NET BOOK VALUE
At 31st March 2024 - 56,906 56,906
At 31st March 2023 - 63,850 63,850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,067 495

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,854 10,477
Trade creditors 4,032 2,277
Taxation and social security 1,558 6,266
Other creditors 48,081 32,349
64,525 51,369

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,333 17,333

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C J Edney.