Registered number
02715933
Nectar Patisserie Limited
Filleted Accounts
31 May 2024
Nectar Patisserie Limited
Registered number: 02715933
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 45,435
Current assets
Stocks 127,564 115,314
Debtors 4 77,898 110,158
Cash at bank and in hand 14,721 15,486
220,183 240,958
Creditors: amounts falling due within one year 5 (167,072) (229,150)
Net current assets 53,111 11,808
Total assets less current liabilities 53,111 57,243
Creditors: amounts falling due after more than one year 6 (30,159) (39,233)
Net assets 22,952 18,010
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,852 17,910
Shareholders' funds 22,952 18,010
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.
Kypros Constantinou
Director
Approved by the board on 15 February 2025
Nectar Patisserie Limited
Notes to the Accounts
for the year ended 31 May 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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, 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, 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. 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 31
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 558,723 7,500 566,223
Disposals (558,723) - (558,723)
At 31 May 2024 - 7,500 7,500
Depreciation
At 1 June 2023 513,288 7,500 520,788
On disposals (513,288) - (513,288)
At 31 May 2024 - 7,500 7,500
Net book value
At 31 May 2024 - - -
At 31 May 2023 45,435 - 45,435
4 Debtors 2024 2023
£ £
Trade debtors 72,221 85,846
Other debtors 5,677 24,312
77,898 110,158
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 23,761 28,106
Trade creditors 129,379 178,732
Corporation tax 3,019 18,019
Other taxes and social security costs 6,453 (3,345)
Other creditors 4,460 7,638
167,072 229,150
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank and Other loans 30,159 39,233
7 Controlling party
The company was in both the current and preceding accounting periods under the ultimate control of its directors by virtue of their ownership of the company’s entire issued share capital.
8 Other information
Nectar Patisserie Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1 Leeside Industrial Estate
Garman Road
London
N17 0QH
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