Susan's Bakery Limited 06009641 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of a bakery. Digita Accounts Production Advanced 6.30.9574.0 true true 06009641 2023-05-01 2024-04-30 06009641 2024-04-30 06009641 core:RetainedEarningsAccumulatedLosses 2024-04-30 06009641 core:ShareCapital 2024-04-30 06009641 core:CurrentFinancialInstruments 2024-04-30 06009641 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 06009641 core:Goodwill 2024-04-30 06009641 core:MotorVehicles 2024-04-30 06009641 core:PlantMachinery 2024-04-30 06009641 1 2024-04-30 06009641 bus:SmallEntities 2023-05-01 2024-04-30 06009641 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06009641 bus:FilletedAccounts 2023-05-01 2024-04-30 06009641 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06009641 bus:RegisteredOffice 2023-05-01 2024-04-30 06009641 bus:Director1 2023-05-01 2024-04-30 06009641 bus:Director2 2023-05-01 2024-04-30 06009641 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06009641 core:Goodwill 2023-05-01 2024-04-30 06009641 core:MotorVehicles 2023-05-01 2024-04-30 06009641 core:PlantMachinery 2023-05-01 2024-04-30 06009641 countries:England 2023-05-01 2024-04-30 06009641 1 2023-05-01 2024-04-30 06009641 2023-04-30 06009641 core:Goodwill 2023-04-30 06009641 core:MotorVehicles 2023-04-30 06009641 core:PlantMachinery 2023-04-30 06009641 1 2023-04-30 06009641 2022-05-01 2023-04-30 06009641 2023-04-30 06009641 core:RetainedEarningsAccumulatedLosses 2023-04-30 06009641 core:ShareCapital 2023-04-30 06009641 core:CurrentFinancialInstruments 2023-04-30 06009641 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 06009641 core:MotorVehicles 2023-04-30 06009641 core:PlantMachinery 2023-04-30 06009641 1 2023-04-30 06009641 1 2022-05-01 2023-04-30 06009641 1 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 06009641

Susan's Bakery Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Susan's Bakery Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Susan's Bakery Limited

Company Information

Directors

GF Baladi

Ms S Martin

Registered office

111/113 High Street
Evesham
Worcestershire
WR11 4XP

Accountants

Clement Rabjohns Limited
Chartered accountants
111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

Susan's Bakery Limited

(Registration number: 06009641)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

20,858

13,209

Current assets

 

Stocks

6

1,250

1,250

Debtors

7

24,109

13,119

Cash at bank and in hand

 

14,993

28,343

 

40,352

42,712

Creditors: Amounts falling due within one year

8

(55,395)

(55,198)

Net current liabilities

 

(15,043)

(12,486)

Net assets

 

5,815

723

Capital and reserves

 

Called up share capital

2

2

Retained earnings

5,813

721

Shareholders' funds

 

5,815

723

For the financial year ending 30 April 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.

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 29 January 2025 and signed on its behalf by:
 

.........................................
GF Baladi
Director

   
     
 

Susan's Bakery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

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

The address of its registered office is:
111/113 High Street
Evesham
Worcestershire
WR11 4XP
England

These financial statements were authorised for issue by the Board on 29 January 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis due to the Directors' continued financial support of the company.

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.

 

Susan's Bakery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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.

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

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line over 10 years

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.

 

Susan's Bakery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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 10 (2023 - 9).

 

Susan's Bakery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

57,900

57,900

At 30 April 2024

57,900

57,900

Amortisation

At 1 May 2023

57,900

57,900

At 30 April 2024

57,900

57,900

Carrying amount

At 30 April 2024

-

-

5

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

42,856

7,250

50,106

Additions

14,700

-

14,700

Disposals

-

(7,250)

(7,250)

At 30 April 2024

57,556

-

57,556

Depreciation

At 1 May 2023

29,745

7,152

36,897

Charge for the year

6,953

-

6,953

Eliminated on disposal

-

(7,152)

(7,152)

At 30 April 2024

36,698

-

36,698

Carrying amount

At 30 April 2024

20,858

-

20,858

At 30 April 2023

13,111

98

13,209

6

Stocks

2024
£

2023
£

Other inventories

1,250

1,250

 

Susan's Bakery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

3,826

3,793

Prepayments

6,650

3,111

Other debtors

13,633

6,215

 

24,109

13,119

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

52,561

52,684

Accruals and deferred income

2,834

2,514

55,395

55,198

9

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Loan to Directors repayable on demand. Interest charged at the official rate.

6,208

13,632

(6,208)

13,632

 

2023

At 1 May 2022
£

Advances to director
£

At 30 April 2023
£

Loan to Directors repayable on demand. Interest charged at the official rate.

5,860

348

6,208