26 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 60,040 60,000 40 40 60,040 xbrli:pure xbrli:shares iso4217:GBP SC104797 2023-07-01 2024-06-30 SC104797 2024-06-30 SC104797 2023-06-30 SC104797 2022-07-01 2023-06-30 SC104797 2023-06-30 SC104797 2022-06-30 SC104797 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC104797 core:PlantMachinery 2023-07-01 2024-06-30 SC104797 core:FurnitureFittings 2023-07-01 2024-06-30 SC104797 core:MotorVehicles 2023-07-01 2024-06-30 SC104797 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 SC104797 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 SC104797 bus:Director1 2023-07-01 2024-06-30 SC104797 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 SC104797 core:PlantMachinery 2023-06-30 SC104797 core:FurnitureFittings 2023-06-30 SC104797 core:MotorVehicles 2023-06-30 SC104797 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 SC104797 core:PlantMachinery 2024-06-30 SC104797 core:FurnitureFittings 2024-06-30 SC104797 core:MotorVehicles 2024-06-30 SC104797 core:WithinOneYear 2024-06-30 SC104797 core:WithinOneYear 2023-06-30 SC104797 core:ShareCapital 2024-06-30 SC104797 core:ShareCapital 2023-06-30 SC104797 core:SharePremium 2024-06-30 SC104797 core:SharePremium 2023-06-30 SC104797 core:CapitalRedemptionReserve 2024-06-30 SC104797 core:CapitalRedemptionReserve 2023-06-30 SC104797 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC104797 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC104797 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 SC104797 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-06-30 SC104797 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 SC104797 core:Non-currentFinancialInstruments 2024-06-30 SC104797 core:Non-currentFinancialInstruments 2023-06-30 SC104797 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 SC104797 core:PlantMachinery 2023-06-30 SC104797 core:FurnitureFittings 2023-06-30 SC104797 core:MotorVehicles 2023-06-30 SC104797 bus:SmallEntities 2023-07-01 2024-06-30 SC104797 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC104797 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC104797 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC104797 bus:FullAccounts 2023-07-01 2024-06-30 SC104797 bus:OrdinaryShareClass1 2024-06-30 SC104797 bus:OrdinaryShareClass1 2023-06-30 SC104797 core:OfficeEquipment 2023-07-01 2024-06-30 SC104797 core:OfficeEquipment 2024-06-30 SC104797 core:OfficeEquipment 2023-06-30
COMPANY REGISTRATION NUMBER: SC104797
HOME BAKERY (BUCKIE) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2024
HOME BAKERY (BUCKIE) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
Contents
Page
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
HOME BAKERY (BUCKIE) LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HOME BAKERY (BUCKIE) LIMITED
YEAR ENDED 30 JUNE 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Home Bakery (Buckie) Limited for the year ended 30 June 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Home Bakery (Buckie) Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Home Bakery (Buckie) Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Home Bakery (Buckie) Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Home Bakery (Buckie) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Home Bakery (Buckie) Limited. You consider that Home Bakery (Buckie) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Home Bakery (Buckie) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
RITSONS Chartered Accountants
26-30 Marine Place Buckie Moray AB56 1UT
10 March 2025
HOME BAKERY (BUCKIE) LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2024
2024
2023
Note
£
£
FIXED ASSETS
Tangible assets
5
212,565
229,238
Investments
6
40
60,040
---------
---------
212,605
289,278
CURRENT ASSETS
Stocks
21,230
24,745
Debtors
7
30,765
34,299
Cash at bank and in hand
198,839
131,404
---------
---------
250,834
190,448
CREDITORS: amounts falling due within one year
8
57,631
63,212
---------
---------
NET CURRENT ASSETS
193,203
127,236
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
405,808
416,514
PROVISIONS
2,886
2,302
---------
---------
NET ASSETS
402,922
414,212
---------
---------
CAPITAL AND RESERVES
Called up share capital
9
45,600
45,600
Share premium account
4,200
4,200
Capital redemption reserve
30,000
30,000
Profit and loss account
323,122
334,412
---------
---------
SHAREHOLDERS FUNDS
402,922
414,212
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HOME BAKERY (BUCKIE) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 10 March 2025 , and are signed on behalf of the board by:
Mr. J. Johnston
Director
Company registration number: SC104797
HOME BAKERY (BUCKIE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Well Road, Buckie, AB56 1LJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Heritable Property
-
4% reducing balance
Plant & Machinery
-
10% reducing balance
Fixtures & Fittings
-
10% reducing balance
Motor Vehicles
-
25% reducing balance
Office Equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 26 (2023: 27 ).
5. Tangible assets
Heritable property
Plant and machinery
Fixtures and fittings
Motor vehicles
Office Equipment
Total
£
£
£
£
£
£
Cost
At 1 Jul 2023 and 30 Jun 2024
285,195
170,973
90,164
43,775
9,422
599,529
---------
---------
--------
--------
-------
---------
Depreciation
At 1 Jul 2023
126,587
138,494
73,214
22,574
9,422
370,291
Charge for the year
6,344
3,331
1,697
5,301
16,673
---------
---------
--------
--------
-------
---------
At 30 Jun 2024
132,931
141,825
74,911
27,875
9,422
386,964
---------
---------
--------
--------
-------
---------
Carrying amount
At 30 Jun 2024
152,264
29,148
15,253
15,900
212,565
---------
---------
--------
--------
-------
---------
At 30 Jun 2023
158,608
32,479
16,950
21,201
229,238
---------
---------
--------
--------
-------
---------
6. Investments
Other investments other than loans
£
Cost
At 1 July 2023
60,040
Disposals
( 60,000)
--------
At 30 June 2024
40
--------
Impairment
At 1 July 2023 and 30 June 2024
--------
Carrying amount
At 30 June 2024
40
--------
At 30 June 2023
60,040
--------
7. Debtors
2024
2023
£
£
Trade debtors
18,158
20,171
Other debtors
12,607
14,128
--------
--------
30,765
34,299
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
49,334
59,035
Corporation tax
1,602
Social security and other taxes
5,722
Other creditors
2,575
2,575
--------
--------
57,631
63,212
--------
--------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
45,600
45,600
45,600
45,600
--------
--------
--------
--------
10. Directors' advances, credits and guarantees
At 30 June 2024 the directors owed the company £7,840 (2023: £7,436) by way of a directors loans. Interest is not due on the balance and there are not terms of repayment.
11. Related party transactions
The company paid no dividends to the directors.