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Company Registration No. 10554152 (England and Wales)
Bake With A Legend Limited Unaudited accounts for the year ended 31 January 2024
Bake With A Legend Limited Unaudited accounts Contents
Page
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Bake With A Legend Limited Company Information for the year ended 31 January 2024
Director
J B Landy
Secretary
R Landy
Company Number
10554152 (England and Wales)
Registered Office
Churchill House 137-139 Brent Street London NW4 4DJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Bake With A Legend Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
429 
572 
Current assets
Inventories
1,780 
3,550 
Debtors
5,938 
901 
Cash at bank and in hand
289,255 
311,706 
296,973 
316,157 
Creditors: amounts falling due within one year
(22,820)
(43,971)
Net current assets
274,153 
272,186 
Net assets
274,582 
272,758 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
274,482 
272,658 
Shareholders' funds
274,582 
272,758 
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 director acknowledges his 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 and authorised for issue on 15 October 2024 and were signed on its behalf by
J B Landy Director Company Registration No. 10554152
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Bake With A Legend Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Bake With A Legend Limited is a private company, limited by shares, registered in England and Wales, registration number 10554152. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Computer equipment
25% on reducing balance
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Bake With A Legend Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
1,018 
At 31 January 2024
1,018 
Depreciation
At 1 February 2023
446 
Charge for the year
143 
At 31 January 2024
589 
Net book value
At 31 January 2024
429 
At 31 January 2023
572 
5
Inventories
2024 
2023 
£ 
£ 
Raw materials
1,780 
3,550 
1,780 
3,550 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
900 
Other debtors
5,938 
1 
5,938 
901 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,606 
5,932 
Trade creditors
918 
2,644 
Taxes and social security
8,405 
12,979 
Other creditors
2,666 
3,935 
Loans from directors
1,807 
9,592 
Accruals
1,800 
1,800 
Deferred income
2,618 
7,089 
22,820 
43,971 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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