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Registered number: 08025159
The Little Bread Pedlar Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
TaxAssist Accountants
64 Southwark Bridge Road
London
SE1 0AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08025159
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 241,222 188,736
241,222 188,736
CURRENT ASSETS
Stocks 5 6,000 6,000
Debtors 6 139,023 126,333
Cash at bank and in hand 440,143 454,426
585,166 586,759
Creditors: Amounts Falling Due Within One Year 7 (285,050 ) (284,645 )
NET CURRENT ASSETS (LIABILITIES) 300,116 302,114
TOTAL ASSETS LESS CURRENT LIABILITIES 541,338 490,850
Creditors: Amounts Falling Due After More Than One Year 8 (15,365 ) (21,667 )
NET ASSETS 525,973 469,183
CAPITAL AND RESERVES
Called up share capital 9 7 7
Capital redemption reserve 3 3
Profit and Loss Account 525,963 469,173
SHAREHOLDERS' FUNDS 525,973 469,183
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin Hardiman
Director
31 January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Little Bread Pedlar Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08025159 . The registered office is 4-6 Dockley Road, London, SE16 3FJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% on SLM
Plant & Machinery 25% on RBM
Motor Vehicles 25% on RBM
Fixtures & Fittings 25% on RBM
Computer Equipment 25% on RBM
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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Page 4
2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2023: 35)
35 35
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2023 142,964 132,210 2,600 29,975
Additions 56,830 46,386 - 12,665
As at 30 April 2024 199,794 178,596 2,600 42,640
Depreciation
As at 1 May 2023 29,942 121,089 1,056 12,131
Provided during the period 30,129 14,377 386 7,627
As at 30 April 2024 60,071 135,466 1,442 19,758
Net Book Value
As at 30 April 2024 139,723 43,130 1,158 22,882
As at 1 May 2023 113,022 11,121 1,544 17,844
Computer Equipment Total
£ £
Cost
As at 1 May 2023 64,284 372,033
Additions 606 116,487
As at 30 April 2024 64,890 488,520
Depreciation
As at 1 May 2023 19,079 183,297
Provided during the period 11,482 64,001
As at 30 April 2024 30,561 247,298
Net Book Value
As at 30 April 2024 34,329 241,222
As at 1 May 2023 45,205 188,736
5. Stocks
2024 2023
£ £
Stock 6,000 6,000
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 84,306 68,838
Other debtors 54,717 57,495
139,023 126,333
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 143,230 156,693
Bank loans and overdrafts 10,000 10,000
Other creditors 66,147 35,560
Taxation and social security 65,673 82,392
285,050 284,645
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,365 21,667
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 7 7
Page 5