April's Baker Limited 12116722 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is the design and production of bespoke celebration cakes. Digita Accounts Production Advanced 6.30.9574.0 true 12116722 2023-08-01 2024-07-31 12116722 2024-07-31 12116722 core:CurrentFinancialInstruments 2024-07-31 12116722 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 12116722 core:OfficeEquipment 2024-07-31 12116722 core:PlantMachinery 2024-07-31 12116722 bus:SmallEntities 2023-08-01 2024-07-31 12116722 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12116722 bus:FilletedAccounts 2023-08-01 2024-07-31 12116722 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12116722 bus:RegisteredOffice 2023-08-01 2024-07-31 12116722 bus:Director1 2023-08-01 2024-07-31 12116722 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12116722 core:OfficeEquipment 2023-08-01 2024-07-31 12116722 core:PlantMachinery 2023-08-01 2024-07-31 12116722 countries:EnglandWales 2023-08-01 2024-07-31 12116722 2023-07-31 12116722 core:OfficeEquipment 2023-07-31 12116722 core:PlantMachinery 2023-07-31 12116722 2022-08-01 2023-07-31 12116722 2023-07-31 12116722 core:CurrentFinancialInstruments 2023-07-31 12116722 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12116722 core:OfficeEquipment 2023-07-31 12116722 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 12116722

April's Baker Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

April's Baker Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

April's Baker Limited

(Registration number: 12116722)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,265

3,766

Current assets

 

Stocks

5

607

1,129

Debtors

6

10,972

5,160

Cash at bank and in hand

 

45,354

36,621

 

56,933

42,910

Creditors: Amounts falling due within one year

7

(28,186)

(20,366)

Net current assets

 

28,747

22,544

Total assets less current liabilities

 

32,012

26,310

Provisions for liabilities

(817)

(942)

Net assets

 

31,195

25,368

Capital and reserves

 

Called up share capital

10

10

Retained earnings

31,185

25,358

Shareholders' funds

 

31,195

25,368

 

April's Baker Limited

(Registration number: 12116722)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 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 5 February 2025 and signed on its behalf by:
 

.........................................
R J Mankoo
Director

 

April's Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

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

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of baked goods and cake decoration tutorial classes in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

April's Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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

Office Equipment

25% reducing balance basis

Plant and Machinery

25% reducing balance basis

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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

April's Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 August 2023

7,492

688

8,180

Additions

901

-

901

Disposals

(1,050)

-

(1,050)

At 31 July 2024

7,343

688

8,031

Depreciation

At 1 August 2023

4,273

141

4,414

Charge for the year

866

137

1,003

Eliminated on disposal

(651)

-

(651)

At 31 July 2024

4,488

278

4,766

Carrying amount

At 31 July 2024

2,855

410

3,265

At 31 July 2023

3,219

547

3,766

5

Stocks

2024
£

2023
£

Other inventories

607

1,129

6

Debtors

Current

2024
£

2023
£

Trade debtors

2,608

1,692

Prepayments

1,092

-

Other debtors

7,272

3,468

 

10,972

5,160

 

April's Baker Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,164

803

Taxation and social security

23,022

15,992

Other creditors

4,000

3,571

28,186

20,366

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £17,236 (2023 - £3,488).

9

Related party transactions

Other transactions with directors

The directors had loan accounts with the company. At the balance sheet date the amount due to the directors was nil (2023: £21).