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REGISTERED NUMBER: 06578046 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

The Loaf Ltd

The Loaf Ltd (Registered number: 06578046)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Loaf Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J Bell
D F Bell
T Melbourne





REGISTERED OFFICE: Holmfield Over Croft Lane
Crich
Matlock
DE4 5PA





REGISTERED NUMBER: 06578046 (England and Wales)





ACCOUNTANTS: HUB3 LIMITED
Market Place
Crich
Matlock
Derbyshire
DE45DD

The Loaf Ltd (Registered number: 06578046)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 20,000
Tangible assets 5 40,023 46,257
60,023 66,257

CURRENT ASSETS
Stocks 1,482 2,482
Debtors 6 9,245 11,886
Cash at bank and in hand 9,715 7,678
20,442 22,046
CREDITORS
Amounts falling due within one year 7 107,761 88,626
NET CURRENT LIABILITIES (87,319 ) (66,580 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,296

)

(323

)

CREDITORS
Amounts falling due after more than
one year

8

26,247

56,389
NET LIABILITIES (53,543 ) (56,712 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (53,643 ) (56,812 )
SHAREHOLDERS' FUNDS (53,543 ) (56,712 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Loaf Ltd (Registered number: 06578046)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:




J Bell - Director D F Bell - Director




T Melbourne - Director


The Loaf Ltd (Registered number: 06578046)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

The Loaf Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared on the going concern basis the validity of which is dependent upon the continuing support of the company's bankers.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The Loaf Ltd (Registered number: 06578046)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors

Debtors do not carry interest and are stated at their nominal value. Appropriate allowances
for irrecoverable amounts are recognised in the profit and loss account when there is
objective evidence that the asset is impaired.

Cash at bank and in hand

These comprise highly liquid bank deposits with a maturity value of under three months.

Creditors

Trade creditors are not interest bearing and are stated at their nominal value.

Overdraft represents amounts payable at the balance sheet date and is repayable on
demand. Interest is charged as and when due, to the profit and loss account.

Loans
Loans are initially measured at their fair value, net of transaction costs, and are measured
subsequently at amortised cost using effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

The Loaf Ltd (Registered number: 06578046)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 20,000
NET BOOK VALUE
At 30 April 2024 20,000
At 30 April 2023 20,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 214,395
Additions 2,400
At 30 April 2024 216,795
DEPRECIATION
At 1 May 2023 168,138
Charge for year 8,634
At 30 April 2024 176,772
NET BOOK VALUE
At 30 April 2024 40,023
At 30 April 2023 46,257

The Loaf Ltd (Registered number: 06578046)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 6,865 9,001
Other debtors 2,380 2,885
9,245 11,886

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 22,746 14,928
Trade creditors 24,010 27,020
Taxation and social security 27,115 18,498
Other creditors 33,890 28,180
107,761 88,626

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 26,247 56,389

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
J Bell
Balance outstanding at start of year 10,622 (2,382 )
Amounts advanced 16,650 10,880
Amounts repaid (21,850 ) 2,124
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,422 10,622

T Melbourne
Balance outstanding at start of year 2,047 43
Amounts advanced 16,160 10,560
Amounts repaid (18,207 ) (8,556 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,047

The Loaf Ltd (Registered number: 06578046)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

D F Bell
Balance outstanding at start of year 5 45
Amounts advanced 16,160 10,560
Amounts repaid (16,165 ) (10,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5