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COMPANY REGISTRATION NUMBER: 13025312
SWEET TOOTH BAKERY LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDING
28 November 2023
SWEET TOOTH BAKERY LTD
STATEMENT OF FINANCIAL POSITION
28 November 2023
28 Nov 23
29 Nov 22
Note
£
£
£
FIXED ASSETS
Tangible assets
5
7,918
7,170
CURRENT ASSETS
Stocks
5,500
3,000
Debtors
6
15,906
27,062
Cash at bank and in hand
170
7,455
--------
--------
21,576
37,517
CREDITORS: amounts falling due within one year
7
( 26,964)
( 17,514)
--------
--------
NET CURRENT (LIABILITIES)/ASSETS
( 5,388)
20,003
-------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,530
27,173
CREDITORS: amounts falling due after more than one year
8
( 339)
( 5,807)
-------
--------
NET ASSETS
2,191
21,366
-------
--------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
2,190
21,365
-------
--------
SHAREHOLDERS FUNDS
2,191
21,366
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 28 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SWEET TOOTH BAKERY LTD
STATEMENT OF FINANCIAL POSITION (continued)
28 November 2023
These financial statements were approved by the board of directors and authorised for issue on 26 November 2024 , and are signed on behalf of the board by:
C Stalbow
Director
Company registration number: 13025312
SWEET TOOTH BAKERY LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 30 NOVEMBER 2022 TO 28 NOVEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22 Bridge End, Leeds, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
5 years
Equipment
-
5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 6 (2022: 5 ).
5. TANGIBLE ASSETS
Plant and machinery
Equipment
Total
£
£
£
Cost
At 30 November 2022
8,212
1,000
9,212
Additions
3,238
3,238
--------
-------
--------
At 28 November 2023
11,450
1,000
12,450
--------
-------
--------
Depreciation
At 30 November 2022
1,642
400
2,042
Charge for the period
2,290
200
2,490
--------
-------
--------
At 28 November 2023
3,932
600
4,532
--------
-------
--------
Carrying amount
At 28 November 2023
7,518
400
7,918
--------
-------
--------
At 29 November 2022
6,570
600
7,170
--------
-------
--------
6. DEBTORS
28 Nov 23
29 Nov 22
£
£
Trade debtors
13,770
22,772
Other debtors
2,136
4,290
--------
--------
15,906
27,062
--------
--------
7. CREDITORS: amounts falling due within one year
28 Nov 23
29 Nov 22
£
£
Trade creditors
21,217
9,819
Corporation tax
1,976
3,951
Social security and other taxes
2,271
2,042
Other creditors
1,500
1,702
--------
--------
26,964
17,514
--------
--------
8. CREDITORS: amounts falling due after more than one year
28 Nov 23
29 Nov 22
£
£
Other creditors
339
5,807
----
-------