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REGISTERED NUMBER: 07592953 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Voakes Pies Limited

Voakes Pies Limited (Registered number: 07592953)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Voakes Pies Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A P Voakes
J I Voakes





REGISTERED OFFICE: Eva Lett House
1 South Crescent
Ripon
North Yorkshire
HG4 1SN





REGISTERED NUMBER: 07592953 (England and Wales)





ACCOUNTANTS: Yorkshire Accountants Ripon
Eva Lett House
1 South Crescent
Ripon
North Yorkshire
HG4 1SN

Voakes Pies Limited (Registered number: 07592953)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,900 45,600
Tangible assets 5 357,743 273,592
397,643 319,192

CURRENT ASSETS
Stocks 48,857 40,609
Debtors 6 116,660 116,958
Cash at bank and in hand 193,540 239,821
359,057 397,388
CREDITORS
Amounts falling due within one year 7 181,192 158,894
NET CURRENT ASSETS 177,865 238,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,508

557,686

CREDITORS
Amounts falling due after more than one year 8 (19,181 ) (28,943 )

PROVISIONS FOR LIABILITIES (22,762 ) (22,762 )
NET ASSETS 533,565 505,981

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 383,565 355,981
SHAREHOLDERS' FUNDS 533,565 505,981

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

Voakes Pies Limited (Registered number: 07592953)

Balance Sheet - continued
30 April 2024


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

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 28 January 2025 and were signed on its behalf by:





A P Voakes - Director


Voakes Pies Limited (Registered number: 07592953)

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

1. STATUTORY INFORMATION

Voakes Pies 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

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.

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.

Voakes Pies Limited (Registered number: 07592953)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 114,000
AMORTISATION
At 1 May 2023 68,400
Amortisation for year 5,700
At 30 April 2024 74,100
NET BOOK VALUE
At 30 April 2024 39,900
At 30 April 2023 45,600

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
Property Machinery Vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 91,462 345,981 77,445 1,765 516,653
Additions 33,265 26,486 78,835 - 138,586
Disposals - - (34,096 ) - (34,096 )
At 30 April 2024 124,727 372,467 122,184 1,765 621,143
DEPRECIATION
At 1 May 2023 - 173,728 67,569 1,764 243,061
Charge for year - 29,812 21,362 - 51,174
Eliminated on disposal - - (30,835 ) - (30,835 )
At 30 April 2024 - 203,540 58,096 1,764 263,400
NET BOOK VALUE
At 30 April 2024 124,727 168,927 64,088 1 357,743
At 30 April 2023 91,462 172,253 9,876 1 273,592

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade Debtors 116,660 116,958

Voakes Pies Limited (Registered number: 07592953)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Trade Creditors 33,783 18,329
Taxation 39,725 48,731
Directors' current accounts 97,036 81,186
181,192 158,894

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank Loans - 1-2 Years 10,648 10,648
Bank Loans - 2-5 Years 8,533 18,295
19,181 28,943

9. RELATED PARTY DISCLOSURES

The company purchases pork from D & JI Voakes of which James Voakes is a 67% partner. The value of the purchases in the year was £234,225 and the amount outstanding at the year end was £NIL
The company also rents the building from D & JI Voakes and is recharged for motor insurance. The value of the purchases in the year was £18,000 and the amount outstanding at the year end was £4,500.

10. ULTIMATE CONTROLLING PARTY

The company is owned by the Voakes family.