Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false152022-12-01falsecontinues to be that of bakery service.15truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11640002 2022-12-01 2023-11-30 11640002 2021-12-01 2022-11-30 11640002 2023-11-30 11640002 2022-11-30 11640002 c:Director2 2022-12-01 2023-11-30 11640002 d:PlantMachinery 2022-12-01 2023-11-30 11640002 d:PlantMachinery 2023-11-30 11640002 d:PlantMachinery 2022-11-30 11640002 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11640002 d:MotorVehicles 2022-12-01 2023-11-30 11640002 d:MotorVehicles 2023-11-30 11640002 d:MotorVehicles 2022-11-30 11640002 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11640002 d:FurnitureFittings 2022-12-01 2023-11-30 11640002 d:FurnitureFittings 2023-11-30 11640002 d:FurnitureFittings 2022-11-30 11640002 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11640002 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11640002 d:Goodwill 2022-12-01 2023-11-30 11640002 d:Goodwill 2023-11-30 11640002 d:Goodwill 2022-11-30 11640002 d:CurrentFinancialInstruments 2023-11-30 11640002 d:CurrentFinancialInstruments 2022-11-30 11640002 d:Non-currentFinancialInstruments 2023-11-30 11640002 d:Non-currentFinancialInstruments 2022-11-30 11640002 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11640002 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11640002 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 11640002 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 11640002 d:ShareCapital 2023-11-30 11640002 d:ShareCapital 2022-11-30 11640002 d:SharePremium 2023-11-30 11640002 d:SharePremium 2022-11-30 11640002 d:RetainedEarningsAccumulatedLosses 2023-11-30 11640002 d:RetainedEarningsAccumulatedLosses 2022-11-30 11640002 c:OrdinaryShareClass1 2022-12-01 2023-11-30 11640002 c:OrdinaryShareClass1 2023-11-30 11640002 c:OrdinaryShareClass1 2022-11-30 11640002 c:FRS102 2022-12-01 2023-11-30 11640002 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11640002 c:FullAccounts 2022-12-01 2023-11-30 11640002 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11640002 d:WithinOneYear 2023-11-30 11640002 d:WithinOneYear 2022-11-30 11640002 2 2022-12-01 2023-11-30 11640002 d:Goodwill d:OwnedIntangibleAssets 2022-12-01 2023-11-30 11640002 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11640002









THE ALMOND THIEF LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
THE ALMOND THIEF LIMITED
REGISTERED NUMBER: 11640002

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
16,544
19,301

Tangible assets
 5 
40,060
40,631

  
56,604
59,932

Current assets
  

Stocks
  
2,500
2,500

Debtors: amounts falling due within one year
 6 
8,131
14,630

Cash at bank and in hand
  
3,678
4,356

  
14,309
21,486

Creditors: amounts falling due within one year
 7 
(72,807)
(100,858)

Net current liabilities
  
 
 
(58,498)
 
 
(79,372)

Total assets less current liabilities
  
(1,894)
(19,440)

Creditors: amounts falling due after more than one year
 8 
(30,708)
(36,550)

  

Net liabilities
  
(32,602)
(55,990)


Capital and reserves
  

Called up share capital 
 9 
100
100

Share premium account
  
15,872
15,872

Profit and loss account
  
(48,574)
(71,962)

  
(32,602)
(55,990)


Page 1

 
THE ALMOND THIEF LIMITED
REGISTERED NUMBER: 11640002
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 November 2024.




Sophy Elizabeth Harrison-Allen
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE ALMOND THIEF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The company is registered in England and Wales. The company's registered office is Cedar Units Webbers Way, Dartington, Totnes, TQ9 6JY. The principal activity of the company continues to be that of bakery services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
THE ALMOND THIEF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life of 10 years..




 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
THE ALMOND THIEF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance basis
Motor vehicles
-
20%
reducing balance basis
Fixtures and fittings
-
10%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 15).

Page 5

 
THE ALMOND THIEF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 December 2022
27,572



At 30 November 2023

27,572



Amortisation


At 1 December 2022
8,271


Charge for the year on owned assets
2,757



At 30 November 2023

11,028



Net book value



At 30 November 2023
16,544



At 30 November 2022
19,301



Page 6

 
THE ALMOND THIEF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 December 2022
66,054
-
12,808
78,862


Additions
3,286
2,300
493
6,079



At 30 November 2023

69,340
2,300
13,301
84,941



Depreciation


At 1 December 2022
35,684
-
2,547
38,231


Charge for the year on owned assets
5,313
268
1,069
6,650



At 30 November 2023

40,997
268
3,616
44,881



Net book value



At 30 November 2023
28,343
2,032
9,685
40,060



At 30 November 2022
30,370
-
10,261
40,631


6.


Debtors

2023
2022
£
£


Trade debtors
5,224
4,283

Other debtors
2,760
10,159

Prepayments and accrued income
147
188

8,131
14,630


Page 7

 
THE ALMOND THIEF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
6,898
6,839

Other loans
3,410
1,910

Trade creditors
19,235
29,425

Other taxation and social security
11,893
11,984

Other creditors
27,952
47,771

Accruals and deferred income
3,419
2,929

72,807
100,858



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
30,708
36,550

30,708
36,550



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,262 (2022 £2,674). Contributions totalling £3,149 (2022 £2,592) were payable to the fund at the reporting date and are included in creditors.

Page 8

 
THE ALMOND THIEF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

11.


Commitments under operating leases

At 30 November 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Total commitments
6,759
20,276

6,759
20,276

 
Page 9