Registered number
06948548
The Polish Baker Limited
Filleted Accounts
30 June 2024
The Polish Baker Limited
Registered number: 06948548
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,028,711 939,787
Current assets
Stocks 76,852 73,892
Debtors 4 371,836 467,605
Cash at bank and in hand 31,073 54,193
479,761 595,690
Creditors: amounts falling due within one year 5 (398,654) (416,937)
Net current assets 81,107 178,753
Total assets less current liabilities 1,109,818 1,118,540
Creditors: amounts falling due after more than one year 6 (221,980) (266,708)
Provisions for liabilities (90,011) (78,151)
Net assets 797,827 773,681
Capital and reserves
Called up share capital 54 54
Capital redemption reserve 7 9 9
Profit and loss account 797,764 773,618
Shareholders' funds 797,827 773,681
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.
Andrzej Kedzierski
Director
Approved by the board on 18 November 2024
The Polish Baker Limited
Notes to the Accounts
for the year ended 30 June 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 Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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:
Plant and machinery over 20 years , reducing balance method
Leasehold improvements over duration of the lease
Motor vehicles 20% straight line
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
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 48 45
3 Tangible fixed assets
Motor vehicles Plant and machinery etc Leasehold improvements Total
£ £ £ £
Cost
At 1 July 2023 - 1,281,993 74,798 1,356,791
Additions 45,330 123,559 - 168,889
Disposals (22,165) - - (22,165)
At 30 June 2024 23,165 1,405,552 74,798 1,503,515
Depreciation
At 1 July 2023 - 342,206 74,798 417,004
Charge for the year 4,633 53,167 - 57,800
At 30 June 2024 4,633 395,373 74,798 474,804
Net book value
At 30 June 2024 18,532 1,010,179 - 1,028,711
At 30 June 2023 - 939,787 - 939,787
4 Debtors 2024 2023
£ £
Trade debtors 227,023 310,918
Other debtors 56,441 50,322
Hall deposits recoverable 88,372 106,365
371,836 467,605
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 34,011 9,258
Obligations under finance lease and hire purchase contracts 63,906 59,143
Trade creditors 103,794 137,856
Other creditors 196,943 210,680
398,654 416,937
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 221,980 266,708
7 Capital redemption reserve 2024 2023
£ £
At 1 July 2023 9 9
At 30 June 2024 9 9
8 Other information
The Polish Baker Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Station Parade
Uxbridge Road
Ealing Common
England
W5 3LD
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