Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06856767 Mr Michael Cheadle Mrs Barbara Cheadle Mrs Christine Cheadle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06856767 2023-03-31 06856767 2024-03-31 06856767 2023-04-01 2024-03-31 06856767 frs-core:CurrentFinancialInstruments 2024-03-31 06856767 frs-core:ComputerEquipment 2024-03-31 06856767 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06856767 frs-core:ComputerEquipment 2023-03-31 06856767 frs-core:FurnitureFittings 2024-03-31 06856767 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06856767 frs-core:FurnitureFittings 2023-03-31 06856767 frs-core:NetGoodwill 2024-03-31 06856767 frs-core:NetGoodwill 2023-04-01 2024-03-31 06856767 frs-core:NetGoodwill 2023-03-31 06856767 frs-core:MotorVehicles 2024-03-31 06856767 frs-core:MotorVehicles 2023-04-01 2024-03-31 06856767 frs-core:MotorVehicles 2023-03-31 06856767 frs-core:PlantMachinery 2024-03-31 06856767 frs-core:PlantMachinery 2023-04-01 2024-03-31 06856767 frs-core:PlantMachinery 2023-03-31 06856767 frs-core:ShareCapital 2024-03-31 06856767 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 06856767 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06856767 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06856767 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06856767 frs-bus:SmallEntities 2023-04-01 2024-03-31 06856767 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06856767 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06856767 frs-bus:Director1 2023-04-01 2024-03-31 06856767 frs-bus:Director2 2023-04-01 2024-03-31 06856767 frs-bus:Director3 2023-04-01 2024-03-31 06856767 frs-countries:EnglandWales 2023-04-01 2024-03-31 06856767 2022-03-31 06856767 2023-03-31 06856767 2022-04-01 2023-03-31 06856767 frs-core:CurrentFinancialInstruments 2023-03-31 06856767 frs-core:WithinOneYear 2023-03-31 06856767 frs-core:ShareCapital 2022-03-31 06856767 frs-core:ShareCapital 2023-03-31 06856767 frs-core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 06856767 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-03-31 06856767 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06856767
Rink Bakery Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Tax Plus Ltd
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 06856767
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 80,480 89,389
80,480 89,389
CURRENT ASSETS
Stocks 6 40,281 49,387
Debtors 7 162,372 118,480
Cash at bank and in hand 34,716 36,431
237,369 204,298
Creditors: Amounts Falling Due Within One Year 8 (105,924 ) (82,656 )
NET CURRENT ASSETS (LIABILITIES) 131,445 121,642
TOTAL ASSETS LESS CURRENT LIABILITIES 211,925 211,031
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,292 ) (16,984 )
NET ASSETS 196,633 194,047
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 196,533 193,947
SHAREHOLDERS' FUNDS 196,633 194,047
Page 1
Page 2
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.
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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Cheadle
Director
11/04/2024
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 100 136,485 136,585
Profit for the year and total comprehensive income - 57,462 57,462
As at 31 March 2023 and 1 April 2023 100 193,947 194,047
Profit for the year and total comprehensive income - 62,586 62,586
Dividends paid - (60,000) (60,000)
As at 31 March 2024 100 196,533 196,633
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Rink Bakery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06856767 . The registered office is Herbert Street Stacksteads, Rossendale, Lancashire, OL13 0TY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 4
Page 5
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 18)
16 18
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 62,776
As at 31 March 2024 62,776
Amortisation
As at 1 April 2023 62,776
As at 31 March 2024 62,776
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 251,582 32,905 11,292 6,024 301,803
Additions 5,000 - - - 5,000
As at 31 March 2024 256,582 32,905 11,292 6,024 306,803
...CONTINUED
Page 5
Page 6
Depreciation
As at 1 April 2023 176,469 21,776 9,671 4,498 212,414
Provided during the period 11,767 1,669 244 229 13,909
As at 31 March 2024 188,236 23,445 9,915 4,727 226,323
Net Book Value
As at 31 March 2024 68,346 9,460 1,377 1,297 80,480
As at 1 April 2023 75,113 11,129 1,621 1,526 89,389
6. Stocks
2024 2023
£ £
Materials 24,332 33,122
Finished goods 15,949 16,265
40,281 49,387
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 107,662 67,073
Prepayments and accrued income 12,419 1,619
Other debtors 36,423 43,214
VAT 5,868 6,574
162,372 118,480
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,794
Trade creditors 44,040 34,583
Corporation tax 23,175 11,830
Other taxes and social security 5,971 3,589
Net wages 21,712 19,096
Accruals and deferred income 8,362 2,100
Directors' loan accounts 2,664 8,664
105,924 82,656
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 2,794
Page 6
Page 7
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Included in Debtors is a loan to P.J.J.J. Property Company Limited. The director Mr M.J Cheadle is also director of this company. The balance outstanding at the end of the year is £36,422 (2023 : £43,213). This loan is unsecured and has no fixed repayment terms. During the year rents were also paid to P.J.J.J. Property Company Limited of £63,900 (2023 : £60,950).
Page 7