IRIS Accounts Production v24.2.0.383 06380077 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063800772022-12-31063800772023-12-31063800772023-01-012023-12-31063800772021-12-31063800772022-01-012022-12-31063800772022-12-3106380077ns15:EnglandWales2023-01-012023-12-3106380077ns14:PoundSterling2023-01-012023-12-3106380077ns10:Director12023-01-012023-12-3106380077ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106380077ns10:SmallEntities2023-01-012023-12-3106380077ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106380077ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106380077ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106380077ns10:FullAccounts2023-01-012023-12-3106380077ns10:OrdinaryShareClass12023-01-012023-12-3106380077ns10:RegisteredOffice2023-01-012023-12-3106380077ns5:CurrentFinancialInstruments2023-12-3106380077ns5:CurrentFinancialInstruments2022-12-3106380077ns5:ShareCapital2023-12-3106380077ns5:ShareCapital2022-12-3106380077ns5:RetainedEarningsAccumulatedLosses2023-12-3106380077ns5:RetainedEarningsAccumulatedLosses2022-12-3106380077ns5:FurnitureFittings2022-12-3106380077ns5:MotorVehicles2022-12-3106380077ns5:ComputerEquipment2022-12-3106380077ns5:FurnitureFittings2023-01-012023-12-3106380077ns5:MotorVehicles2023-01-012023-12-3106380077ns5:ComputerEquipment2023-01-012023-12-3106380077ns5:FurnitureFittings2023-12-3106380077ns5:MotorVehicles2023-12-3106380077ns5:ComputerEquipment2023-12-3106380077ns5:FurnitureFittings2022-12-3106380077ns5:MotorVehicles2022-12-3106380077ns5:ComputerEquipment2022-12-3106380077ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3106380077ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3106380077ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 06380077 (England and Wales)













FABULOUS WELSHCAKES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






FABULOUS WELSHCAKES LIMITED (REGISTERED NUMBER: 06380077)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


FABULOUS WELSHCAKES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: J Ojolo





REGISTERED OFFICE: 1st Floor Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 06380077 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

FABULOUS WELSHCAKES LIMITED (REGISTERED NUMBER: 06380077)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,663 6,721

CURRENT ASSETS
Stocks 5,780 4,100
Debtors 5 79,301 57,311
Cash at bank 430,539 301,387
515,620 362,798
CREDITORS
Amounts falling due within one year 6 80,335 56,826
NET CURRENT ASSETS 435,285 305,972
TOTAL ASSETS LESS CURRENT LIABILITIES 450,948 312,693

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 450,946 312,691
SHAREHOLDERS' FUNDS 450,948 312,693

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th September 2024 and were signed by:





J Ojolo - Director


FABULOUS WELSHCAKES LIMITED (REGISTERED NUMBER: 06380077)

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


1. STATUTORY INFORMATION

Fabulous Welshcakes 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.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

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 18 (2022 - 16 ) .

FABULOUS WELSHCAKES LIMITED (REGISTERED NUMBER: 06380077)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2023 46,772 6,490 14,526 67,788
Additions 12,867 - 4,930 17,797
At 31st December 2023 59,639 6,490 19,456 85,585
DEPRECIATION
At 1st January 2023 42,766 6,490 11,811 61,067
Charge for year 6,571 - 2,284 8,855
At 31st December 2023 49,337 6,490 14,095 69,922
NET BOOK VALUE
At 31st December 2023 10,302 - 5,361 15,663
At 31st December 2022 4,006 - 2,715 6,721

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,704 9,190
Other debtors 72,597 48,121
79,301 57,311

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,421 14,112
Taxation and social security 66,093 37,234
Other creditors 4,821 5,480
80,335 56,826

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

As at the year end Fabulous Welshcakes Ltd was owed £54,379 (2022 - £32,287) by a company that the director is connected to.