Registered number
11618220
THE EGGFREE CAKEBOX - SOUTHGATE LIMITED
Filleted Accounts
31 January 2024
THE EGGFREE CAKEBOX - SOUTHGATE LIMITED
Registered number: 11618220
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 10,240 12,288
Tangible assets 4 23,131 33,785
33,371 46,073
Current assets
Stocks 1,238 1,330
Debtors 5 2,534 1,782
Cash at bank and in hand 10,984 14,878
14,756 17,990
Creditors: amounts falling due within one year 6 (20,101) (25,766)
Net current liabilities (5,345) (7,776)
Net assets 28,026 38,297
Capital and reserves
Called up share capital 1 1
Profit and loss account 28,025 38,296
Shareholders' funds 28,026 38,297
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.
Mr Vipul Rajnikant Parmar
Director
Approved by the board on 28 January 2025
THE EGGFREE CAKEBOX - SOUTHGATE LIMITED
Notes to the Accounts
for the year ended 31 January 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Franchise Fees
Franchise fees has been amortised over a period of 10 years.
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 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Cost
At 1 February 2023 20,480
At 31 January 2024 20,480
Amortisation
At 1 February 2023 8,192
Provided during the year 2,048
At 31 January 2024 10,240
Net book value
At 31 January 2024 10,240
At 31 January 2023 12,288
Franchise fee is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 85,913
Additions 706
At 31 January 2024 86,619
Depreciation
At 1 February 2023 52,128
Charge for the year 11,360
At 31 January 2024 63,488
Net book value
At 31 January 2024 23,131
At 31 January 2023 33,785
5 Debtors 2024 2023
£ £
Other debtors (VAT Refund) 2,534 1,782
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 264 211
Other creditors 19,837 25,555
20,101 25,766
7 Other information
THE EGGFREE CAKEBOX - SOUTHGATE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
20 Primrose Close
South Harrow
United Kingdom
HA2 9AT
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