Registered number
08050163
The Little Bakery (Endmoor) Limited
Unaudited Filleted Accounts
For the Year Ended
30 April 2024
The Little Bakery (Endmoor) Limited
Registered number: 08050163
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 14,000 15,750
Tangible assets 4 53,183 44,726
67,183 60,476
Current assets
Stocks 3,500 3,500
Debtors 5 2,013 1,914
Cash at bank and in hand 6,406 48,830
11,919 54,244
Creditors: amounts falling due within one year 6 (20,780) (23,394)
Net current (liabilities)/assets (8,861) 30,850
Total assets less current liabilities 58,322 91,326
Creditors: amounts falling due after more than one year 7 (21,525) (31,474)
Provisions for liabilities (10,105) (8,497)
Net assets 26,692 51,355
Capital and reserves
Called up share capital 7 7
Profit and loss account 26,685 51,348
Shareholders' funds 26,692 51,355
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J A Marsden
Director
Approved by the board on 28 August 2024
The Little Bakery (Endmoor) Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% reducing balance
Computer equipment over 3 years
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 18
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 35,000
At 30 April 2024 35,000
Amortisation
At 1 May 2023 19,250
Provided during the year 1,750
At 30 April 2024 21,000
Net book value
At 30 April 2024 14,000
At 30 April 2023 15,750
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 72,561 14,495 87,056
Additions 15,095 - 15,095
At 30 April 2024 87,656 14,495 102,151
Depreciation
At 1 May 2023 38,706 3,624 42,330
Charge for the year 3,920 2,718 6,638
At 30 April 2024 42,626 6,342 48,968
Net book value
At 30 April 2024 45,030 8,153 53,183
At 30 April 2023 33,855 10,871 44,726
5 Debtors 2024 2023
£ £
Other debtors 2,013 1,914
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 2,849
Trade creditors 8,388 9,552
Taxation and social security costs 7,743 7,879
Other creditors 4,649 3,114
20,780 23,394
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,525 31,474
8 Other information
The Little Bakery (Endmoor) Limited is a private company limited by shares and incorporated in England. Its registered office is:
41 Sedbergh Road
Kendal
Cumbria
LA9 6AH
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