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REGISTERED NUMBER: 07339515 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st May 2024

for

The Posh Bakers Limited

The Posh Bakers Limited (Registered number: 07339515)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Posh Bakers Limited

Company Information
for the Year Ended 31st May 2024







DIRECTOR: Mr E Guignard





REGISTERED OFFICE: 272 Regents Park Road
London
N3 3HN





REGISTERED NUMBER: 07339515 (England and Wales)





ACCOUNTANTS: Spencer Hyde Limited
272 Regents Park Road
London
N3 3HN

The Posh Bakers Limited (Registered number: 07339515)

Statement of Financial Position
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,491 24,689

CURRENT ASSETS
Stocks 2,900 2,600
Debtors 5 14,893 12,816
Cash at bank and in hand 201,985 203,539
219,778 218,955
CREDITORS
Amounts falling due within one year 6 202,495 194,282
NET CURRENT ASSETS 17,283 24,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,774

49,362

CREDITORS
Amounts falling due after more than one
year

7

11,667

21,667
NET ASSETS 22,107 27,695

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,007 27,595
SHAREHOLDERS' FUNDS 22,107 27,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 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 Posh Bakers Limited (Registered number: 07339515)

Statement of Financial Position - continued
31st May 2024


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 director and authorised for issue on 15th October 2024 and were signed by:





Mr E Guignard - Director


The Posh Bakers Limited (Registered number: 07339515)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

The Posh Bakers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2023 - 11 ) .

The Posh Bakers Limited (Registered number: 07339515)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1st June 2023 3,473 123,511 129,466
Additions - - 4,429
At 31st May 2024 3,473 123,511 133,895
DEPRECIATION
At 1st June 2023 2,293 121,192 110,898
Charge for year 348 2,142 9,840
At 31st May 2024 2,641 123,334 120,738
NET BOOK VALUE
At 31st May 2024 832 177 13,157
At 31st May 2023 1,180 2,319 18,568

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st June 2023 27,083 17,186 300,719
Additions - 991 5,420
At 31st May 2024 27,083 18,177 306,139
DEPRECIATION
At 1st June 2023 27,083 14,564 276,030
Charge for year - 1,288 13,618
At 31st May 2024 27,083 15,852 289,648
NET BOOK VALUE
At 31st May 2024 - 2,325 16,491
At 31st May 2023 - 2,622 24,689

The Posh Bakers Limited (Registered number: 07339515)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st June 2023 6,995
Reclassification/transfer (6,995 )
At 31st May 2024 -
DEPRECIATION
At 1st June 2023 3,192
Reclassification/transfer (3,192 )
At 31st May 2024 -
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 3,803

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,372 3,536
Other debtors 12,521 9,280
14,893 12,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 511
Trade creditors 24,434 28,325
Taxation and social security 51,614 31,631
Other creditors 116,447 123,815
202,495 194,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667

The Posh Bakers Limited (Registered number: 07339515)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 21,667 31,667
Hire purchase contracts - 511
21,667 32,178