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REGISTERED NUMBER: 09845418 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE ARTISAN BAKERS LTD

THE ARTISAN BAKERS LTD (REGISTERED NUMBER: 09845418)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE ARTISAN BAKERS LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: K M Tyrer
Mrs R C Tyrer





SECRETARY: K M Tyrer





REGISTERED OFFICE: 108 School Lane
Brinscall
Chorley
Lancashire
PR6 8PU





REGISTERED NUMBER: 09845418 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

THE ARTISAN BAKERS LTD (REGISTERED NUMBER: 09845418)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 36,000
Tangible assets 5 89,574 18,998
119,574 54,998

CURRENT ASSETS
Stocks 43,500 25,000
Debtors 6 143,740 54,430
Cash at bank and in hand 22,824 26,214
210,064 105,644
CREDITORS
Amounts falling due within one year 7 132,829 95,132
NET CURRENT ASSETS 77,235 10,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,809

65,510

CREDITORS
Amounts falling due after more than one
year

8

224,075

93,249
NET LIABILITIES (27,266 ) (27,739 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (27,268 ) (27,741 )
SHAREHOLDERS' FUNDS (27,266 ) (27,739 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 ARTISAN BAKERS LTD (REGISTERED NUMBER: 09845418)

BALANCE SHEET - continued
31 December 2023


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 Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





K M Tyrer - Director


THE ARTISAN BAKERS LTD (REGISTERED NUMBER: 09845418)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Artisan Bakers Ltd 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 the net invoiced value of goods sold, excluding value added tax.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% 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.

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.

THE ARTISAN BAKERS LTD (REGISTERED NUMBER: 09845418)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 60,000
AMORTISATION
At 1 January 2023 24,000
Charge for year 6,000
At 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 30,000
At 31 December 2022 36,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 85,330
Additions 88,291
At 31 December 2023 173,621
DEPRECIATION
At 1 January 2023 66,332
Charge for year 17,715
At 31 December 2023 84,047
NET BOOK VALUE
At 31 December 2023 89,574
At 31 December 2022 18,998

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,078 15,971
Other debtors 124,662 38,459
143,740 54,430

THE ARTISAN BAKERS LTD (REGISTERED NUMBER: 09845418)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 36,000 36,000
Trade creditors 97,896 38,851
Taxation and social security (1,068 ) 17,168
Other creditors 1 3,113
132,829 95,132

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 224,075 93,249

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 80,075 -

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K M Tyrer.