Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31302023-01-01falseBakery & confectioners28truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03124711 2023-01-01 2023-12-31 03124711 2022-01-01 2022-12-31 03124711 2023-12-31 03124711 2022-12-31 03124711 c:Director1 2023-01-01 2023-12-31 03124711 d:PlantMachinery 2023-01-01 2023-12-31 03124711 d:MotorVehicles 2023-01-01 2023-12-31 03124711 d:FurnitureFittings 2023-01-01 2023-12-31 03124711 d:ComputerEquipment 2023-01-01 2023-12-31 03124711 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 03124711 d:OtherPropertyPlantEquipment 2023-12-31 03124711 d:OtherPropertyPlantEquipment 2022-12-31 03124711 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03124711 d:Goodwill 2023-12-31 03124711 d:Goodwill 2022-12-31 03124711 d:CurrentFinancialInstruments 2023-12-31 03124711 d:CurrentFinancialInstruments 2022-12-31 03124711 d:Non-currentFinancialInstruments 2023-12-31 03124711 d:Non-currentFinancialInstruments 2022-12-31 03124711 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03124711 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03124711 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03124711 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03124711 d:ShareCapital 2023-12-31 03124711 d:ShareCapital 2022-12-31 03124711 d:RetainedEarningsAccumulatedLosses 2023-12-31 03124711 d:RetainedEarningsAccumulatedLosses 2022-12-31 03124711 c:FRS102 2023-01-01 2023-12-31 03124711 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03124711 c:FullAccounts 2023-01-01 2023-12-31 03124711 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03124711 2 2023-01-01 2023-12-31 03124711 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03124711










TAYLOR'S BAKERY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TAYLOR'S BAKERY LIMITED
REGISTERED NUMBER: 03124711

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
33,765
11,590

  
33,765
11,590

Current assets
  

Stocks
  
18,913
19,450

Debtors: amounts falling due within one year
 6 
20,501
27,025

Cash at bank and in hand
 7 
36,925
43,358

  
76,339
89,833

Creditors: amounts falling due within one year
 8 
(47,254)
(44,484)

Net current assets
  
 
 
29,085
 
 
45,349

Total assets less current liabilities
  
62,850
56,939

Creditors: amounts falling due after more than one year
 9 
(32,872)
(42,426)

Provisions for liabilities
  

Deferred tax
  
(8,332)
(2,100)

  
 
 
(8,332)
 
 
(2,100)

Net assets
  
21,646
12,413


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
21,546
12,313

  
21,646
12,413


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
TAYLOR'S BAKERY LIMITED
REGISTERED NUMBER: 03124711
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr R J Bradley
Director

Date: 16 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TAYLOR'S BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company, limited by shares, incorporated in England and Wales and its
registered office is:-
Front Street
Shotton Colliery
Durham
County Durham
DH6 2LT

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:

 
2.2

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
TAYLOR'S BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the statement of comprehensive income over its useful economic life.

Page 4

 
TAYLOR'S BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Plant & Machinery
-
7 years straight line
Motor Vehicles
-
4 years straight line
Fixtures & Equipment
-
7 years straight line
Computer Equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2022 - 28).

Page 5

 
TAYLOR'S BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
100,000



At 31 December 2023

100,000



Amortisation


At 1 January 2023
100,000



At 31 December 2023

100,000



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 6

 
TAYLOR'S BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Other Fixed Assets

£



Cost or valuation


At 1 January 2023
233,824


Additions
29,697



At 31 December 2023

263,521



Depreciation


At 1 January 2023
222,234


Charge for the year on owned assets
7,522



At 31 December 2023

229,756



Net book value



At 31 December 2023
33,765



At 31 December 2022
11,590


6.


Debtors

2023
2022
£
£


Trade debtors
11,610
14,538

Other debtors
8,891
12,487

20,501
27,025



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
36,925
43,358

36,925
43,358


Page 7

 
TAYLOR'S BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loan
5,977
2,400

Trade creditors
25,453
24,301

Corporation tax
1,030
6,347

Other taxation and social security
11,376
8,568

Other creditors
157
-

Accruals and deferred income
3,261
2,868

47,254
44,484



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loan
32,872
42,426

32,872
42,426



10.


Control of the company

Control is exercised by Mr R J Bradley and Mrs A Taylor Saunders who are both directors of the company.

 
Page 8