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REGISTERED NUMBER: 08327378















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PROPER BREAD LIMITED

PROPER BREAD LIMITED (REGISTERED NUMBER: 08327378)






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


PROPER BREAD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr D P Sliwa
Mrs A A Sliwa





REGISTERED OFFICE: Boyce's Building
40 - 42 Regent Street
Clifton
Bristol
BS8 4HU





REGISTERED NUMBER: 08327378





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

PROPER BREAD LIMITED (REGISTERED NUMBER: 08327378)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,160 15,356
12,160 15,356

CURRENT ASSETS
Debtors 6 27,638 48,946
Cash at bank 14,313 22,045
41,951 70,991
CREDITORS
Amounts falling due within one year 7 26,976 70,726
NET CURRENT ASSETS 14,975 265
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,135

15,621

CREDITORS
Amounts falling due after more than
one year

8

(4,466

)

(7,386

)

PROVISIONS FOR LIABILITIES (2,310 ) (2,918 )
NET ASSETS 20,359 5,317

PROPER BREAD LIMITED (REGISTERED NUMBER: 08327378)

BALANCE SHEET - continued
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 20,259 5,217
SHAREHOLDERS' FUNDS 20,359 5,317

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 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 26 September 2024 and were signed on its behalf by:





Mr D P Sliwa - Director


PROPER BREAD LIMITED (REGISTERED NUMBER: 08327378)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Proper Bread Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five 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 - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

PROPER BREAD LIMITED (REGISTERED NUMBER: 08327378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 21,200
AMORTISATION
At 1 January 2023
and 31 December 2023 21,200
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 25,537 19,814 1,547 46,898
Additions 2,613 - - 2,613
At 31 December 2023 28,150 19,814 1,547 49,511
DEPRECIATION
At 1 January 2023 23,781 6,214 1,547 31,542
Charge for year 2,409 3,400 - 5,809
At 31 December 2023 26,190 9,614 1,547 37,351
NET BOOK VALUE
At 31 December 2023 1,960 10,200 - 12,160
At 31 December 2022 1,756 13,600 - 15,356

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 26,451 47,916
Other debtors 1,187 1,030
27,638 48,946

PROPER BREAD LIMITED (REGISTERED NUMBER: 08327378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,085 3,195
Hire purchase contracts 706 4,585
Trade creditors 1,521 906
Taxation and social security 7,122 275
Other creditors 14,542 61,765
26,976 70,726

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 4,466 7,386

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2023 5,217
Profit for the year 24,022
Dividends (8,980 )
At 31 December 2023 20,259

11. RELATED PARTY DISCLOSURES

The company maintains an interest free loan account with one of the directors. At the balance sheet date the company owed £8,952 (2022: £31,880).

The company maintains an interest free loan account with another of the directors. At the balance sheet date the company owed £2,282 (2022: £25,210).

PROPER BREAD LIMITED (REGISTERED NUMBER: 08327378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.