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REGISTERED NUMBER: 03716591 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Couzens Bakery Limited

Couzens Bakery Limited (Registered number: 03716591)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Couzens Bakery Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: D E Couzens





SECRETARY: D Couzens





REGISTERED OFFICE: 150 Lampits
Hoddesdon
Hertfordshire
EN11 8DX





REGISTERED NUMBER: 03716591 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Couzens Bakery Limited (Registered number: 03716591)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1,350 3,150
Tangible assets 6 206,466 203,730
207,816 206,880

CURRENT ASSETS
Stocks 21,480 16,800
Debtors 7 28,369 20,890
Prepayments and accrued income 16,308 15,314
Cash at bank and in hand 85,577 91,517
151,734 144,521
CREDITORS
Amounts falling due within one year 8 178,765 147,051
NET CURRENT LIABILITIES (27,031 ) (2,530 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,785

204,350

CREDITORS
Amounts falling due after more than one
year

9

(7,227

)

(21,594

)

PROVISIONS FOR LIABILITIES (43,153 ) (40,312 )
NET ASSETS 130,405 142,444

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 130,304 142,343
SHAREHOLDERS' FUNDS 130,405 142,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Couzens Bakery Limited (Registered number: 03716591)

Balance Sheet - continued
30 April 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 22 October 2024 and were signed by:





D E Couzens - Director


Couzens Bakery Limited (Registered number: 03716591)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Couzens Bakery 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Compliance with accounting standards
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.

Turnover from the sale of bakery goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually as soon as the sale transaction occurs.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life. The useful economic life of goodwill is 20 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% 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.

Couzens Bakery Limited (Registered number: 03716591)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

At the end of each reporting period financial assets are assessed for impairment. If an impairment exists the impairment loss is recognised in the income statement.

Financial assets are derecognised when:
- the contractual right to cash flows from the asset are settled or expire,
- substantially all the risk and rewards of the ownership of the asset are transferred to another party or
- despite retaining some significant risks and rewards, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset without additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the liability is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2023 - 51 ) .

Couzens Bakery Limited (Registered number: 03716591)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023 175,000 9,000 184,000
Disposals (175,000 ) - (175,000 )
At 30 April 2024 - 9,000 9,000
AMORTISATION
At 1 May 2023 175,000 5,850 180,850
Charge for year - 1,800 1,800
Eliminated on disposal (175,000 ) - (175,000 )
At 30 April 2024 - 7,650 7,650
NET BOOK VALUE
At 30 April 2024 - 1,350 1,350
At 30 April 2023 - 3,150 3,150

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 35,000 701,350 736,350
Additions - 51,448 51,448
Disposals - (13,550 ) (13,550 )
At 30 April 2024 35,000 739,248 774,248
DEPRECIATION
At 1 May 2023 21,000 511,620 532,620
Charge for year 3,500 44,537 48,037
Eliminated on disposal - (12,875 ) (12,875 )
At 30 April 2024 24,500 543,282 567,782
NET BOOK VALUE
At 30 April 2024 10,500 195,966 206,466
At 30 April 2023 14,000 189,730 203,730

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 28,369 20,890

Couzens Bakery Limited (Registered number: 03716591)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 6,501 9,973
Trade creditors 71,860 36,307
Taxation and social security 86,189 89,141
Other creditors 14,215 11,630
178,765 147,051

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 7,227 21,594

10. CONTROLLING PARTY

The company has no controlling party.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Couzens Bakery Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Couzens Bakery Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Couzens Bakery Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Couzens Bakery Limited and state those matters that we have agreed to state to the director of Couzens Bakery Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Couzens Bakery Limited and its director for our work or for this report.

It is your duty to ensure that Couzens Bakery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Couzens Bakery Limited. You consider that Couzens Bakery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Couzens Bakery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


22 October 2024