Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31true2023-11-01falsea bakery77falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08246817 2023-11-01 2024-10-31 08246817 2022-11-01 2023-10-31 08246817 2024-10-31 08246817 2023-10-31 08246817 c:Director1 2023-11-01 2024-10-31 08246817 d:PlantMachinery 2023-11-01 2024-10-31 08246817 d:PlantMachinery 2024-10-31 08246817 d:PlantMachinery 2023-10-31 08246817 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08246817 d:FurnitureFittings 2023-11-01 2024-10-31 08246817 d:FurnitureFittings 2024-10-31 08246817 d:FurnitureFittings 2023-10-31 08246817 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08246817 d:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 08246817 d:OtherPropertyPlantEquipment 2024-10-31 08246817 d:OtherPropertyPlantEquipment 2023-10-31 08246817 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08246817 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08246817 d:Goodwill 2024-10-31 08246817 d:Goodwill 2023-10-31 08246817 d:CurrentFinancialInstruments 2024-10-31 08246817 d:CurrentFinancialInstruments 2023-10-31 08246817 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 08246817 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08246817 d:ShareCapital 2024-10-31 08246817 d:ShareCapital 2023-10-31 08246817 d:RetainedEarningsAccumulatedLosses 2024-10-31 08246817 d:RetainedEarningsAccumulatedLosses 2023-10-31 08246817 c:FRS102 2023-11-01 2024-10-31 08246817 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08246817 c:FullAccounts 2023-11-01 2024-10-31 08246817 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08246817 d:Goodwill d:OwnedIntangibleAssets 2023-11-01 2024-10-31 08246817 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 08246817










LLANDEILO BAKERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
LLANDEILO BAKERS LIMITED
REGISTERED NUMBER: 08246817

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
667

Tangible assets
 5 
129,159
169,289

  
129,159
169,956

Current assets
  

Stocks
  
36,766
21,563

Debtors: amounts falling due within one year
 6 
260,646
20,290

Cash at bank and in hand
 7 
953
6,806

  
298,365
48,659

Creditors: amounts falling due within one year
 8 
(481,910)
(252,207)

Net current liabilities
  
 
 
(183,545)
 
 
(203,548)

Total assets less current liabilities
  
(54,386)
(33,592)

Provisions for liabilities
  

Deferred tax
  
(15,518)
(15,517)

  
 
 
(15,518)
 
 
(15,517)

Net liabilities
  
(69,904)
(49,109)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(70,004)
(49,209)

  
(69,904)
(49,109)


Page 1

 
LLANDEILO BAKERS LIMITED
REGISTERED NUMBER: 08246817
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




David Brian Jones
Director

Date: 17 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LLANDEILO BAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Llandeilo Bakers 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 below:
Registered number:  08246817
Registered office address: Castell Howell Foods Ltd
     Heol Y Plas Cross Hands Food Park
     Cross Hands
     Llanelli
     Carmarthenshire
     SA14 6SX
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the director has made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.

Page 3

 
LLANDEILO BAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

  
2.3

Turnover

Turnover is the amount derived from ordinary activities and stated after trade discounts, other sales taxes and net of VAT. 
Revenue is recognised on the despatch of goods to customers.

  
2.4

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2016, 2018 and 2019, is being amortised evenly over its estimated useful life of 5 years.

  
2.5

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.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. 

Depreciation is provided on the following basis:

Plant and machinery
-
10% - 50% on cost
Fixtures and fittings
-
20% on cost
Improvements to property
-
10% - 50% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
LLANDEILO BAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.11

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.

  
2.12

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.

Page 5

 
LLANDEILO BAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.


3.


Employees





The average monthly number of employees, including directors, during the year was 7 (2023 - 7).


4.


Intangible assets




Goodwill

£



Cost


At 1 November 2023
45,000



At 31 October 2024

45,000



Amortisation


At 1 November 2023
44,333


Charge for the year on owned assets
667



At 31 October 2024

45,000



Net book value



At 31 October 2024
-



At 31 October 2023
667



Page 6

 
LLANDEILO BAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Improve-ment to properties
Total

£
£
£
£



Cost or valuation


At 1 November 2023
445,537
10,965
49,591
506,093


Additions
10,069
5,169
13,562
28,800


Disposals
(45,017)
-
-
(45,017)



At 31 October 2024

410,589
16,134
63,153
489,876



Depreciation


At 1 November 2023
292,164
6,994
37,646
336,804


Charge for the year on owned assets
29,726
2,645
5,797
38,168


Disposals
(14,255)
-
-
(14,255)



At 31 October 2024

307,635
9,639
43,443
360,717



Net book value



At 31 October 2024
102,954
6,495
19,710
129,159



At 31 October 2023
153,373
3,971
11,945
169,289


6.


Debtors

2024
2023
£
£


Trade debtors
212,713
11,450

Other debtors
46,100
7,007

Prepayments and accrued income
1,833
1,833

260,646
20,290


Page 7

 
LLANDEILO BAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
953
6,806

953
6,806



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
235,000
235,000

Trade creditors
216,543
4,645

Other taxation and social security
1,725
1,013

Other creditors
895
407

Accruals and deferred income
27,747
11,142

481,910
252,207



9.

Related party disclosures

The company transacts with related parties; transactions within the year and balances at the year end were as follows:

2024
2023
        £
        £
Controlling party

Sales and recharges

394,363

432,071
 
Purchases and recharges

75,945

134,654
 
Amounts owed to related parties at balance sheet date

33,533

221,306
 

2024
2023
        £
        £
Companies under common control

Sales and recharges

-

7,461
 
Purchases and recharges

118,396

10,468
 
Amounts owed to related parties at balance sheet date

137,866

11,081
 

Included within amounts owed to the controlling party, are loan balances of £235,000 (2023: £235,000).

Page 8

 
LLANDEILO BAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Capital commitments


At 31 October 2024 the Company had capital commitments as follows:

2024
2023
£
£


Contracted for but not provided in these financial statements
27,500
-

27,500
-

 
Page 9