La Barantine - La Boulange Limited SC577574 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is a bakery. Digita Accounts Production Advanced 6.30.9574.0 true SC577574 2023-04-01 2024-03-31 SC577574 2024-03-31 SC577574 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC577574 core:ShareCapital 2024-03-31 SC577574 core:CurrentFinancialInstruments 2024-03-31 SC577574 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 SC577574 core:Non-currentFinancialInstruments 2024-03-31 SC577574 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 SC577574 core:LandBuildings core:ShortLeaseholdAssets 2024-03-31 SC577574 core:MotorVehicles 2024-03-31 SC577574 core:PlantMachinery 2024-03-31 SC577574 bus:SmallEntities 2023-04-01 2024-03-31 SC577574 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC577574 bus:FilletedAccounts 2023-04-01 2024-03-31 SC577574 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC577574 bus:RegisteredOffice 2023-04-01 2024-03-31 SC577574 bus:Director1 2023-04-01 2024-03-31 SC577574 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC577574 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 SC577574 core:LandBuildings 2023-04-01 2024-03-31 SC577574 core:LandBuildings core:ShortLeaseholdAssets 2023-04-01 2024-03-31 SC577574 core:MotorVehicles 2023-04-01 2024-03-31 SC577574 core:PlantMachinery 2023-04-01 2024-03-31 SC577574 countries:Scotland 2023-04-01 2024-03-31 SC577574 2023-03-31 SC577574 core:LandBuildings core:ShortLeaseholdAssets 2023-03-31 SC577574 core:MotorVehicles 2023-03-31 SC577574 core:PlantMachinery 2023-03-31 SC577574 2022-04-01 2023-03-31 SC577574 2023-03-31 SC577574 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC577574 core:ShareCapital 2023-03-31 SC577574 core:CurrentFinancialInstruments 2023-03-31 SC577574 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 SC577574 core:Non-currentFinancialInstruments 2023-03-31 SC577574 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 SC577574 core:LandBuildings core:ShortLeaseholdAssets 2023-03-31 SC577574 core:MotorVehicles 2023-03-31 SC577574 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure

Registration number: SC577574

La Barantine - La Boulange Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

La Barantine - La Boulange Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

La Barantine - La Boulange Limited

(Registration number: SC577574)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

66,456

62,727

Current assets

 

Stocks

5

4,158

4,158

Debtors

6

68,392

37,018

Cash at bank and in hand

 

48,470

59,542

 

121,020

100,718

Creditors: Amounts falling due within one year

7

(72,751)

(49,133)

Net current assets

 

48,269

51,585

Total assets less current liabilities

 

114,725

114,312

Creditors: Amounts falling due after more than one year

7

(88,735)

(105,735)

Net assets

 

25,990

8,577

Capital and reserves

 

Called up share capital

100

100

Retained earnings

25,890

8,477

Shareholders' funds

 

25,990

8,577

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

La Barantine - La Boulange Limited

(Registration number: SC577574)
Balance Sheet as at 31 March 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 November 2024 and signed on its behalf by:
 

.........................................
Vincent Aplincourt
Director

 

La Barantine - La Boulange Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
10 Bruntsfield Place
Edinburgh
EH10 4HN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

La Barantine - La Boulange Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold land and buildings

2% straight line

Plant and machinery

20% straight line

Fixtures,fittings,tools and equipment

20% straight line

Motor vehicles

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

La Barantine - La Boulange Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 9).

 

La Barantine - La Boulange Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Short leasehold land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

32,230

81,834

13,116

127,180

Additions

-

13,911

-

13,911

At 31 March 2024

32,230

95,745

13,116

141,091

Depreciation

At 1 April 2023

3,498

56,700

4,255

64,453

Charge for the year

647

7,320

2,215

10,182

At 31 March 2024

4,145

64,020

6,470

74,635

Carrying amount

At 31 March 2024

28,085

31,725

6,646

66,456

At 31 March 2023

28,732

25,134

8,861

62,727

Included within the net book value of land and buildings above is £28,085 (2023 - £28,732) in respect of short leasehold land and buildings.
 

 

La Barantine - La Boulange Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Stocks

2024
£

2023
£

Other inventories

4,158

4,158

6

Debtors

Current

2024
£

2023
£

Trade debtors

68,392

37,018

 

68,392

37,018

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

30,480

25,336

Taxation and social security

11,919

1,086

Other creditors

30,352

22,711

72,751

49,133

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

28,246

45,246

Other creditors

 

60,489

60,489

 

88,735

105,735

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

18,640

32,389

HP and finance lease liabilities

5,806

9,057

Directors loans

3,800

3,800

28,246

45,246