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REGISTERED NUMBER: 07041710 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Genuine Cake Company Limited

The Genuine Cake Company Limited (Registered number: 07041710)






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 Genuine Cake Company Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Sinclair
S Singh
Ms J Tu
Ms Z Liu
Ms J Zhang
Ms X Zhang





REGISTERED OFFICE: 110 Carlton Avenue East
Wembley
HA9 8LY





REGISTERED NUMBER: 07041710 (England and Wales)






The Genuine Cake Company Limited (Registered number: 07041710)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 270,265 260,065

CURRENT ASSETS
Stocks 255,827 198,250
Debtors 5 96,235 91,193
Cash in hand (18,249 ) 83,187
333,813 372,630
CREDITORS
Amounts falling due within one year 6 158,799 181,298
NET CURRENT ASSETS 175,014 191,332
TOTAL ASSETS LESS CURRENT
LIABILITIES

445,279

451,397

CREDITORS
Amounts falling due after more than one
year

7

130,704

135,844
NET ASSETS 314,575 315,553

CAPITAL AND RESERVES
Called up share capital 12,934 12,934
Retained earnings 301,641 302,619
SHAREHOLDERS' FUNDS 314,575 315,553

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 Genuine Cake Company Limited (Registered number: 07041710)

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 16 September 2024 and were signed on its behalf by:





S Singh - Director


The Genuine Cake Company Limited (Registered number: 07041710)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Genuine Cake Company 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 and 10% 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.

The Genuine Cake Company Limited (Registered number: 07041710)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 405,086
Additions 10,200
At 31 December 2023 415,286
DEPRECIATION
At 1 January 2023
and 31 December 2023 145,021
NET BOOK VALUE
At 31 December 2023 270,265
At 31 December 2022 260,065

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 96,235 91,193

Other debtors include Rent Deposit , Accrued income and advance payments for exhibitions and advertising

The Genuine Cake Company Limited (Registered number: 07041710)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 9,921 16,361
Trade creditors 5,681 5,682
Taxation and social security 59,086 75,145
Other creditors 84,111 84,110
158,799 181,298

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 130,704 135,844