7 31/03/2024 2024-03-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 11283556 2023-04-01 2024-03-31 11283556 2024-03-31 11283556 2023-03-31 11283556 2022-04-01 2023-03-31 11283556 2023-03-31 11283556 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 11283556 core:MotorVehicles 2023-04-01 2024-03-31 11283556 bus:Director1 2023-04-01 2024-03-31 11283556 core:FurnitureFittingsToolsEquipment 2023-03-31 11283556 core:MotorVehicles 2023-03-31 11283556 core:FurnitureFittingsToolsEquipment 2024-03-31 11283556 core:MotorVehicles 2024-03-31 11283556 core:WithinOneYear 2024-03-31 11283556 core:WithinOneYear 2023-03-31 11283556 core:AfterOneYear 2024-03-31 11283556 core:AfterOneYear 2023-03-31 11283556 core:ShareCapital 2024-03-31 11283556 core:ShareCapital 2023-03-31 11283556 core:RetainedEarningsAccumulatedLosses 2024-03-31 11283556 core:RetainedEarningsAccumulatedLosses 2023-03-31 11283556 core:FurnitureFittingsToolsEquipment 2023-03-31 11283556 core:MotorVehicles 2023-03-31 11283556 bus:SmallEntities 2023-04-01 2024-03-31 11283556 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11283556 bus:FullAccounts 2023-04-01 2024-03-31 11283556 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11283556 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Company registration number: 11283556
The Bagel Deli Ltd
Unaudited filleted financial statements
31 March 2024
The Bagel Deli Ltd
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 11,142 14,095
_______ _______
11,142 14,095
Current assets
Stocks 3,700 4,000
Debtors 6 988 -
Cash at bank and in hand 74,435 43,570
_______ _______
79,123 47,570
Creditors: amounts falling due
within one year 7 ( 23,063) ( 14,167)
_______ _______
Net current assets 56,060 33,403
_______ _______
Total assets less current liabilities 67,202 47,498
Creditors: amounts falling due
after more than one year 8 ( 11,667) ( 13,889)
_______ _______
Net assets 55,535 33,609
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 55,435 33,509
_______ _______
Shareholders funds 55,535 33,609
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 June 2024 , and are signed on behalf of the board by:
Mr Martin Fautley Mrs Emma Porter
Director Director
Company registration number: 11283556
The Bagel Deli Ltd
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 20 Moor Street, Ormskirk, L39 2AQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS102, Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts are prepared under the historical cost convention.
Turnover
The turnover represents the net sales to customers excluding VAT
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % straight line
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 7 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2023 34,917 4,000 38,917
Additions 5,754 - 5,754
_______ _______ _______
At 31 March 2024 40,671 4,000 44,671
_______ _______ _______
Depreciation
At 1 April 2023 22,140 2,682 24,822
Charge for the year 8,377 330 8,707
_______ _______ _______
At 31 March 2024 30,517 3,012 33,529
_______ _______ _______
Carrying amount
At 31 March 2024 10,154 988 11,142
_______ _______ _______
At 31 March 2023 12,777 1,318 14,095
_______ _______ _______
6. Debtors
2024 2023
£ £
Other debtors 988 -
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 2,222 2,222
Trade creditors 759 400
Corporation tax 15,911 6,173
Social security and other taxes 2,936 4,124
Other creditors 1,235 1,248
_______ _______
23,063 14,167
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 11,667 13,889
_______ _______