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
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
THE BAGEL PLACE LTD
Statement of financial position
as at 31 January 2024
Tangible assets
115,121
75,777
Cash at bank and in hand
19,196
20,312
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)
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
THE BAGEL PLACE LTD
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
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
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
At 31 January 2024
95,098
17,998
2,025
115,121
At 31 January 2023
73,429
-
2,348
75,777
Amounts falling due within one year
Accrued income and prepayments
35,905
24,119
Other debtors
21,890
30,632
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
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
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 50 (2023: 41).