GOOD IN BREAD LIMITED

Company Registration Number:
12353330 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

GOOD IN BREAD LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

GOOD IN BREAD LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 48,814 45,815
Total fixed assets: 48,814 45,815
Current assets
Stocks: 12,448 11,230
Debtors:   57,260 9,248
Cash at bank and in hand: 11,040 177,393
Total current assets: 80,748 197,871
Creditors: amounts falling due within one year: 4 (529,363) (276,216)
Net current assets (liabilities): (448,615) (78,345)
Total assets less current liabilities: (399,801) (32,530)
Total net assets (liabilities): (399,801) (32,530)
Capital and reserves
Called up share capital: 3 3
Share premium account: 399,998 399,998
Profit and loss account: (799,802) (432,531)
Shareholders funds: (399,801) (32,530)

The notes form part of these financial statements

GOOD IN BREAD LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 October 2024
and signed on behalf of the board by:

Name: Emily Caron
Status: Director

The notes form part of these financial statements

GOOD IN BREAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GOOD IN BREAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 4 2

GOOD IN BREAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 53,321
Additions 16,727
At 31 December 2023 70,048
Depreciation
At 01 January 2023 7,506
Charge for year 13,728
At 31 December 2023 21,234
Net book value
At 31 December 2023 48,814
At 31 December 2022 45,815

GOOD IN BREAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

Amounts owed to group undertakings are unsecured and attract an interest rate of 4.80% (2022: 2.21%) and are repayable on demand. Included in Other creditors is a balance related to the Directors' loan accounts of £3,804 (2022: £3,779).

GOOD IN BREAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Financial commitments

The Company had total guaranties, contingencies and commitments at the year end of £4,900 (2022: £24,500).

GOOD IN BREAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Related party transactions

Name of the related party:
Relationship:
Subsidiary
Description of the Transaction: Good in Bread Limited is a 60% subsidiary of Norac Foods UK Holdings Limited. At the end of the year, the Company owed £468,954 (2022: £253,624) to Norac Foods UK Holdings Limited. This balance consists of the loans provided and the interest charged on those loans.
£
Balance at 01 January 2023 253,624
Balance at 31 December 2023 215,330

The Company's immediate parent undertaking is Norac Foods UK Holdings Limited, a company registered in the United Kingdom. The Company's ultimate parent company is Norac SA, a company incorporated in France. The smallest group in which the group is consolidated is Norac Foods UK Holdings Limited, a company incorporated in England and Wales. The address is 144 Liverpool Road, London, United Kingdom, N1 1LA. These financial statements are available to the public from Companies House. The largest group in which the group is consolidated is Norac SA, a company incorporated in France. The registered office of Norac SA is 2 Place Hoche, 3500, Rennes. These financial statements are not publicly available. The Company's ultimate controlling party is Bruno Caron by virtue of majority shareholding.