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REGISTERED NUMBER: 05638808 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

BAKES & CAKES LIMITED

BAKES & CAKES LIMITED (REGISTERED NUMBER: 05638808)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30TH APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BAKES & CAKES LIMITED

COMPANY INFORMATION
for the Year Ended 30TH APRIL 2024







DIRECTORS: Mr M Edwards
Mr W J B Edwards





SECRETARY: Mrs R Edwards





REGISTERED OFFICE: 327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN





REGISTERED NUMBER: 05638808 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

BAKES & CAKES LIMITED (REGISTERED NUMBER: 05638808)

ABRIDGED BALANCE SHEET
30TH APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,336 4,171

CURRENT ASSETS
Stocks 2,678 2,434
Debtors 92,974 74,181
Cash at bank and in hand 28,169 21,898
123,821 98,513
CREDITORS
Amounts falling due within one year 117,855 88,467
NET CURRENT ASSETS 5,966 10,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,302

14,217

CAPITAL AND RESERVES
Called up share capital 6 1,112 1,112
Share premium 7 7,888 7,888
Retained earnings 7 302 5,217
SHAREHOLDERS' FUNDS 9,302 14,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BAKES & CAKES LIMITED (REGISTERED NUMBER: 05638808)

ABRIDGED BALANCE SHEET - continued
30TH APRIL 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th January 2025 and were signed on its behalf by:





Mr M Edwards - Director


BAKES & CAKES LIMITED (REGISTERED NUMBER: 05638808)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30TH APRIL 2024

1. STATUTORY INFORMATION

Bakes & Cakes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially recorded at historic cost and stated in the balance sheet at their net book value, being the amount of capital expenditure less accumulated depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BAKES & CAKES LIMITED (REGISTERED NUMBER: 05638808)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30TH APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st May 2023
and 30th April 2024 59,171
DEPRECIATION
At 1st May 2023 55,000
Charge for year 835
At 30th April 2024 55,835
NET BOOK VALUE
At 30th April 2024 3,336
At 30th April 2023 4,171

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/4/24 30/4/23
£    £   
Within one year 26,000 26,000
Between one and five years 104,000 104,000
In more than five years 78,000 104,000
208,000 234,000

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 30/04/21 30/04/20
500 Ordinary £1 500 500
500 Ordinary A £1 500 500
56 Ordinary B £1 56 56
56 Ordinary C £1 56 56
1,056 1,056

7. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st May 2023 5,217 7,888 13,105
Profit for the year 183,685 183,685
Dividends (188,600 ) (188,600 )
At 30th April 2024 302 7,888 8,190

BAKES & CAKES LIMITED (REGISTERED NUMBER: 05638808)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30TH APRIL 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from a director subsisted during the years ended 30th April 2024 and 30th April 2023:

30/4/24 30/4/23
£    £   
Mr M Edwards
Balance outstanding at start of year - -
Amounts advanced 7,161 6,704
Amounts repaid (7,161 ) (6,704 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. RELATED PARTY DISCLOSURES

During the year dividends of £174,000 (2023: £160,000) were paid to the parent company Modus Vivendi Investments Limited.

Modus Vivendi Investments Limited at the year end owed £86,814 (2023: £70,108) to the company, this balance is included within Debtors.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Edwards.