FOLA'S BAKERY LTD

Company Registration Number:
12454415 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

FOLA'S BAKERY LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

FOLA'S BAKERY LTD

Company Information

for the Period Ended 29 February 2024




Director: Folashade Aduloju
Registered office: 2g Queens Court
Holdbrook South
Waltham Cross
Hertfordshire
GBR
EN8 7SN
Company Registration Number: 12454415 (England and Wales)

FOLA'S BAKERY LTD

Directors' Report Period Ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Directors

The director(s) shown below were appointed to the company during the period
Folashade Aduloju
01 March 2023

This report was approved by the board of directors on 24 November 2024
And Signed On Behalf Of The Board By:

Name: Folashade Aduloju
Status: Director

FOLA'S BAKERY LTD

Profit and Loss Account

for the Period Ended 29 February 2024


Notes

2024
£

2023
£
Turnover 5,843 9,007
Cost of sales ( 4,490 ) ( 7,100 )
Gross Profit or (Loss) 1,353 1,907
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 597 ) ( 981 )
Administrative Expenses ( 395 ) ( 450 )
Operating Profit or (Loss) 361 476
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 361 476
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period 361 476

The notes form part of these financial statements

FOLA'S BAKERY LTD

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 1,486 1,104
Total fixed assets: 1,486 1,104
Current assets
Stocks: 50 10
Debtors: 5 0 0
Cash at bank and in hand: 100 146
Total current assets: 150 156
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 0 ) ( 0 )
Net current assets (liabilities): 150 156
Total assets less current liabilities: 1,636 1,260
Creditors: amounts falling due after more than one year: 7 ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 1,636 1,260

The notes form part of these financial statements

FOLA'S BAKERY LTD

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1,636 1,260
Shareholders funds: 1,636 1,260

For the year ending 29 February 2024 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.

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

This report was approved by the board of directors on 24 November 2024
And Signed On Behalf Of The Board By:

Name: Folashade Aduloju
Status: Director

The notes form part of these financial statements

FOLA'S BAKERY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

FOLA'S BAKERY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

FOLA'S BAKERY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

FOLA'S BAKERY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Tangible assets

Plant & machinery Total
Cost £ £
At 01 March 2023 1,104 1,104
Additions 382 382
Disposals - -
Revaluations - -
Transfers - -
At 29 February 2024 1,486 1,486
Depreciation
At 01 March 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 29 February 2024 - -
Net book value
At 29 February 2024 1,486 1,486
At 28 February 2023 1,104 1,104

18% of 1811 = 1486

FOLA'S BAKERY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Debtors


2024
£

2023
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 0
Debtors due after more than one year: 0 0

FOLA'S BAKERY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 0 0

FOLA'S BAKERY LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 0 0