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Company Registration No. 11152023 (England and Wales)
THE BAGEL PLACE LTD Unaudited accounts for the year ended 31 January 2024
THE BAGEL PLACE LTD Unaudited accounts Contents
Page
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THE BAGEL PLACE LTD Company Information for the year ended 31 January 2024
Directors
J. Morgan C. Morgan
Company Number
11152023 (England and Wales)
Registered Office
BREATOS UNIT 1, STUDENTS UNION SENGHENNYDD ROAD CARDIFF CF24 4YE WALES
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THE BAGEL PLACE LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
3,333 
Tangible assets
115,121 
75,777 
115,121 
79,110 
Current assets
Inventories
24,979 
20,476 
Debtors
103,048 
89,801 
Cash at bank and in hand
19,196 
20,312 
147,223 
130,589 
Creditors: amounts falling due within one year
(350,197)
(226,797)
Net current liabilities
(202,974)
(96,208)
Total assets less current liabilities
(87,853)
(17,098)
Creditors: amounts falling due after more than one year
(55,137)
(36,113)
Net liabilities
(142,990)
(53,211)
Capital and reserves
Profit and loss account
(142,990)
(53,211)
Shareholders' funds
(142,990)
(53,211)
For the year ending 31 January 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by
J. Morgan Director Company Registration No. 11152023
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THE BAGEL PLACE LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
THE BAGEL PLACE LTD is a private company, limited by shares, registered in England and Wales, registration number 11152023. The registered office is BREATOS UNIT 1, STUDENTS UNION, SENGHENNYDD ROAD, CARDIFF, CF24 4YE, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
2-10 years
Fixtures & fittings
3-5 years
Computer equipment
3-5 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
39,995 
At 31 January 2024
39,995 
Amortisation
At 1 February 2023
36,662 
Charge for the year
3,333 
At 31 January 2024
39,995 
Net book value
At 31 January 2024
- 
At 31 January 2023
3,333 
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THE BAGEL PLACE LTD Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
127,569 
- 
5,841 
133,410 
Additions
43,099 
19,998 
- 
63,097 
At 31 January 2024
170,668 
19,998 
5,841 
196,507 
Depreciation
At 1 February 2023
54,140 
- 
3,493 
57,633 
Charge for the year
21,430 
2,000 
323 
23,753 
At 31 January 2024
75,570 
2,000 
3,816 
81,386 
Net book value
At 31 January 2024
95,098 
17,998 
2,025 
115,121 
At 31 January 2023
73,429 
- 
2,348 
75,777 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,203 
- 
Accrued income and prepayments
35,905 
24,119 
Other debtors
21,890 
30,632 
67,998 
54,751 
Amounts falling due after more than one year
Other debtors
35,050 
35,050 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
24,300 
8,331 
VAT
45,519 
25,246 
Trade creditors
64,086 
21,615 
Taxes and social security
21,386 
2,732 
Other creditors
25,335 
40,964 
Loans from directors
149,051 
130,639 
Accruals
20,520 
(2,730)
350,197 
226,797 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
55,137 
36,113 
9
Average number of employees
During the year the average number of employees was 50 (2023: 41).
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