Registered number
06445940
The Original Bakehouse Ltd
Report and Accounts
31 March 2024
The Original Bakehouse Ltd
Registered number: 06445940
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 41,866 43,385
Current assets
Stocks 50,000 50,000
Debtors 4 196,265 150,004
Cash at bank and in hand 120,502 133,353
366,767 333,357
Creditors: amounts falling due within one year 5 (177,100) (143,094)
Net current assets 189,667 190,263
Total assets less current liabilities 231,533 233,648
Creditors: amounts falling due after more than one year 6 (60,262) (95,448)
Net assets 171,271 138,200
Capital and reserves
Called up share capital 110 110
Profit and loss account 171,161 138,090
Shareholders' funds 171,271 138,200
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs S Wake
Director
Approved by the board on 9 November 2024
The Original Bakehouse Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 53 43
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 384,687 234,833 619,520
Additions 29,370 25,734 55,104
At 31 March 2024 414,057 260,567 674,624
Depreciation
At 1 April 2023 297,976 278,159 576,135
Charge for the year 74,215 (17,592) 56,623
At 31 March 2024 372,191 260,567 632,758
Net book value
At 31 March 2024 41,866 - 41,866
At 31 March 2023 86,711 (43,326) 43,385
4 Debtors 2024 2023
£ £
Trade debtors 155,719 112,314
Other debtors 40,546 37,690
196,265 150,004
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 140,791 144,728
Corporation tax 26,466 10,716
Directors' loans 9,843 10,348
Other creditors - (22,698)
177,100 143,094
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 46,140 87,453
Obligations under finance lease and hire purchase contracts 14,122 7,995
60,262 95,448
7 Other information
The Original Bakehouse Ltd is a private company limited by shares and incorporated in England. Its registered office is:
293 Ninth Avenue East
Team Valley
Gateshead
Tyne & Wear
NE11 0EG
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