IRIS Accounts Production v24.3.2.46 09525927 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095259272023-06-30095259272024-06-30095259272023-07-012024-06-30095259272022-06-30095259272022-07-012023-06-30095259272023-06-3009525927ns15:EnglandWales2023-07-012024-06-3009525927ns14:PoundSterling2023-07-012024-06-3009525927ns10:Director12023-07-012024-06-3009525927ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3009525927ns10:SmallEntities2023-07-012024-06-3009525927ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3009525927ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3009525927ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3009525927ns10:FullAccounts2023-07-012024-06-300952592712023-07-012024-06-3009525927ns10:OrdinaryShareClass12023-07-012024-06-3009525927ns10:Director22023-07-012024-06-3009525927ns10:RegisteredOffice2023-07-012024-06-3009525927ns5:CurrentFinancialInstruments2024-06-3009525927ns5:CurrentFinancialInstruments2023-06-3009525927ns5:Non-currentFinancialInstruments2024-06-3009525927ns5:Non-currentFinancialInstruments2023-06-3009525927ns5:ShareCapital2024-06-3009525927ns5:ShareCapital2023-06-3009525927ns5:RetainedEarningsAccumulatedLosses2024-06-3009525927ns5:RetainedEarningsAccumulatedLosses2023-06-3009525927ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3009525927ns5:ComputerSoftware2023-07-012024-06-3009525927ns5:LeaseholdImprovements2023-07-012024-06-3009525927ns5:FurnitureFittings2023-07-012024-06-3009525927ns5:MotorVehicles2023-07-012024-06-3009525927ns5:ComputerEquipment2023-07-012024-06-3009525927ns5:IntangibleAssetsOtherThanGoodwill2024-06-3009525927ns5:LeaseholdImprovements2023-06-3009525927ns5:FurnitureFittings2023-06-3009525927ns5:MotorVehicles2023-06-3009525927ns5:ComputerEquipment2023-06-3009525927ns5:LeaseholdImprovements2024-06-3009525927ns5:FurnitureFittings2024-06-3009525927ns5:MotorVehicles2024-06-3009525927ns5:ComputerEquipment2024-06-3009525927ns5:LeaseholdImprovements2023-06-3009525927ns5:FurnitureFittings2023-06-3009525927ns5:MotorVehicles2023-06-3009525927ns5:ComputerEquipment2023-06-3009525927ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-06-3009525927ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-012024-06-3009525927ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-06-3009525927ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-06-3009525927ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3009525927ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3009525927ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-06-3009525927ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3009525927ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3009525927ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3009525927ns10:OrdinaryShareClass12024-06-30095259271ns10:Director12023-06-30095259271ns10:Director12022-06-30095259271ns10:Director12023-07-012024-06-30095259271ns10:Director12022-07-012023-06-30095259271ns10:Director12024-06-30095259271ns10:Director12023-06-3009525927ns10:Director222023-06-3009525927ns10:Director222022-06-3009525927ns10:Director222023-07-012024-06-3009525927ns10:Director222022-07-012023-06-3009525927ns10:Director222024-06-3009525927ns10:Director222023-06-30
REGISTERED NUMBER: 09525927 (England and Wales)















BREAD & BUTTER FOODS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






BREAD & BUTTER FOODS LIMITED (REGISTERED NUMBER: 09525927)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BREAD & BUTTER FOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs K V Ward
Mrs S E Hanley





REGISTERED OFFICE: Unit 6
Waterloo Park Industrial Estate
Upper Brook Street
Stockport
SK1 3BP





REGISTERED NUMBER: 09525927 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

BREAD & BUTTER FOODS LIMITED (REGISTERED NUMBER: 09525927)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,159 -
Tangible assets 5 40,627 28,067
42,786 28,067

CURRENT ASSETS
Stocks 11,800 8,985
Debtors 6 73,414 71,260
Cash at bank 1,503 14
86,717 80,259
CREDITORS
Amounts falling due within one year 7 89,363 56,641
NET CURRENT (LIABILITIES)/ASSETS (2,646 ) 23,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,140

51,685

CREDITORS
Amounts falling due after more than one
year

8

(37,380

)

(48,595

)

PROVISIONS FOR LIABILITIES (2,595 ) (2,595 )
NET ASSETS 165 495

BREAD & BUTTER FOODS LIMITED (REGISTERED NUMBER: 09525927)

BALANCE SHEET - continued
30 JUNE 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 65 395
SHAREHOLDERS' FUNDS 165 495

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by:





Mrs S E Hanley - Director


BREAD & BUTTER FOODS LIMITED (REGISTERED NUMBER: 09525927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Bread & Butter Foods 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.

The financial statements are presented in Sterling (£).

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

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

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 33% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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


BREAD & BUTTER FOODS LIMITED (REGISTERED NUMBER: 09525927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

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

BREAD & BUTTER FOODS LIMITED (REGISTERED NUMBER: 09525927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 2,230
At 30 June 2024 2,230
AMORTISATION
Charge for year 71
At 30 June 2024 71
NET BOOK VALUE
At 30 June 2024 2,159

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 7,741 21,088 44,115 3,296 76,240
Additions 270 18,630 350 458 19,708
At 30 June 2024 8,011 39,718 44,465 3,754 95,948
DEPRECIATION
At 1 July 2023 7,741 15,728 22,450 2,254 48,173
Charge for year 34 1,340 5,504 270 7,148
At 30 June 2024 7,775 17,068 27,954 2,524 55,321
NET BOOK VALUE
At 30 June 2024 236 22,650 16,511 1,230 40,627
At 30 June 2023 - 5,360 21,665 1,042 28,067

BREAD & BUTTER FOODS LIMITED (REGISTERED NUMBER: 09525927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 16,445
DEPRECIATION
At 1 July 2023 685
Charge for year 3,940
At 30 June 2024 4,625
NET BOOK VALUE
At 30 June 2024 11,820
At 30 June 2023 15,760

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,124 27,863
Other debtors 5,406 9,436
Directors' current accounts 23,865 21,508
VAT 5,794 6,682
Prepayments 7,225 5,771
73,414 71,260

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 31,889 20,357
Hire purchase contracts 4,124 4,124
Trade creditors 45,202 23,864
Tax 5,347 5,222
Social security and other taxes 901 1,179
Other creditors 1,619 158
Accruals 281 1,737
89,363 56,641

BREAD & BUTTER FOODS LIMITED (REGISTERED NUMBER: 09525927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,882 7,091
Bank loans - 2-5 years 23,938 29,821
Hire purchase contracts 7,560 11,683
37,380 48,595

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mrs S E Hanley
Balance outstanding at start of year 10,754 9,701
Amounts advanced 32,148 33,623
Amounts repaid (30,970 ) (32,570 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,932 10,754

Mrs K V Ward
Balance outstanding at start of year 10,754 9,701
Amounts advanced 32,148 33,623
Amounts repaid (30,970 ) (32,570 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,932 10,754

11. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors who own 100% of the issued share capital.