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REGISTERED NUMBER: 09647255 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

THE FRESH BAKING COMPANY LTD

THE FRESH BAKING COMPANY LTD (REGISTERED NUMBER: 09647255)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE FRESH BAKING COMPANY LTD

COMPANY INFORMATION
for the Year Ended 30th June 2023







DIRECTOR: BF Nevin





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 09647255 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

THE FRESH BAKING COMPANY LTD (REGISTERED NUMBER: 09647255)

BALANCE SHEET
30th June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,358 53,421
Investment property 5 61,904 61,904
101,262 115,325

CURRENT ASSETS
Stocks 2,000 4,000
Debtors 6 88,218 53,859
Cash at bank and in hand 5,845 58,504
96,063 116,363
CREDITORS
Amounts falling due within one year 7 185,303 155,578
NET CURRENT LIABILITIES (89,240 ) (39,215 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,022

76,110

CREDITORS
Amounts falling due after more than one year 8 (58,162 ) (65,713 )

PROVISIONS FOR LIABILITIES 9 (6,426 ) (10,150 )
NET (LIABILITIES)/ASSETS (52,566 ) 247

CAPITAL AND RESERVES
Called up share capital 10 30 30
Retained earnings (52,596 ) 217
SHAREHOLDERS' FUNDS (52,566 ) 247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 FRESH BAKING COMPANY LTD (REGISTERED NUMBER: 09647255)

BALANCE SHEET - continued
30th June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st October 2024 and were signed by:





BF Nevin - Director


THE FRESH BAKING COMPANY LTD (REGISTERED NUMBER: 09647255)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2023

1. STATUTORY INFORMATION

The Fresh Baking Company 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 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.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

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.

THE FRESH BAKING COMPANY LTD (REGISTERED NUMBER: 09647255)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2023

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2022 5,085 15,517 93,257 2,990 116,849
Additions - - 6,900 483 7,383
Disposals - - (19,600 ) - (19,600 )
At 30th June 2023 5,085 15,517 80,557 3,473 104,632
DEPRECIATION
At 1st July 2022 4,385 8,337 47,716 2,990 63,428
Charge for year 140 1,436 10,910 158 12,644
Eliminated on disposal - - (10,798 ) - (10,798 )
At 30th June 2023 4,525 9,773 47,828 3,148 65,274
NET BOOK VALUE
At 30th June 2023 560 5,744 32,729 325 39,358
At 30th June 2022 700 7,180 45,541 - 53,421

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2022
and 30th June 2023 61,904
NET BOOK VALUE
At 30th June 2023 61,904
At 30th June 2022 61,904

THE FRESH BAKING COMPANY LTD (REGISTERED NUMBER: 09647255)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors - 9,327
Amounts recoverable on contract - 13,243
Other debtors 64,142 7,000
Directors' current accounts 8,079 4,169
Tax 2,674 1,355
VAT 11,765 16,764
Prepayments 1,558 2,001
88,218 53,859

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts 54,215 27,445
Trade creditors 67,505 52,640
Tax 9,901 24,260
Social security and other taxes 17,978 12,059
Other creditors 12,780 22,976
Accrued expenses 22,924 16,198
185,303 155,578

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans - 1-2 years 13,178 11,410
Bank loans - 2-5 years 44,984 54,303
58,162 65,713

9. PROVISIONS FOR LIABILITIES
30/6/23 30/6/22
£    £   
Deferred tax 6,426 10,150

Deferred
tax
£   
Balance at 1st July 2022 10,150
Credit to Statement of Income and Retained Earnings during year (3,724 )
Balance at 30th June 2023 6,426

THE FRESH BAKING COMPANY LTD (REGISTERED NUMBER: 09647255)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
30 Ordinary £1 30 30