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REGISTERED NUMBER: 09269982 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Pippin Bakers Ltd

Pippin Bakers Ltd (Registered number: 09269982)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pippin Bakers Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: M R Evangelista
Mrs B Evangelista





REGISTERED OFFICE: Hermes House
Fire Fly Avenue
Swindon
Wiltshire
SN2 2GA





REGISTERED NUMBER: 09269982 (England and Wales)

Pippin Bakers Ltd (Registered number: 09269982)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 491,234 307,076
491,234 307,076

CURRENT ASSETS
Stocks 40,000 40,000
Debtors 6 100,794 64,396
Cash at bank 204,193 53,665
344,987 158,061
CREDITORS
Amounts falling due within one year 7 198,084 120,473
NET CURRENT ASSETS 146,903 37,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

638,137

344,664

CREDITORS
Amounts falling due after more than one
year

8

(277,037

)

(146,183

)

PROVISIONS FOR LIABILITIES (94,696 ) (45,327 )
NET ASSETS 266,404 153,154

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 266,396 153,146
266,404 153,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Pippin Bakers Ltd (Registered number: 09269982)

Balance Sheet - continued
31 January 2025


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 21 March 2025 and were signed on its behalf by:





M R Evangelista - Director


Pippin Bakers Ltd (Registered number: 09269982)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Pippin Bakers Ltd 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The Company recognises revenue when the following conditions are satisfied:
i. the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
ii. the Company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;
iii. the amount of revenue can be measured reliably;
iv. it is probable that the economic benefits associated with the transaction can be measured reliably.

Goodwill
Goodwill arising on the acquisition of businesses, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life. Provision is made for any impairment.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Depreciation and residual values
Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life as follows:

Freehold building and improvements to property - 10% on straight line basis
Plant and machinery and tools - 25% on straight line basis
Fixtures and fittings - 25% on straight line basis
Computer equipment - 25% on straight line basis
Motor vehicles - 20% on straight line basis

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.

Subsequent additions and major components
Subsequent costs are included in the assets carrying amount or recognised as a separate asset, as appropriate, only when it is probable that economic benefits associated with the item will flow to the company and the cost can be measured reliably.

The carrying amount of any replaced component is derecognised. Major components are treated as a separate asset when they have significantly different patterns of consumption of economic benefits and are depreciated separately over its useful life.

Repairs and maintenance costs are expensed as incurred.

Assets in the course of construction
Assets in the course of construction are stated at cost. These assets are not depreciated until they are available for use.

Derecognition
Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

Pippin Bakers Ltd (Registered number: 09269982)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Stocks
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Stock is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current or deferred taxation assets and liabilities are not discounted.

Current tax
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amount expected to be paid to the tax authorities.

Deferred tax
Deferred tax arises from timing differences that are differences between taxable profit and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessment in periods different from those in which are recognised in financial statements.

Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only 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 tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Hire purchase and leasing commitments
At inception the company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is, or contains, a lease based on the substances of the arrangement.

Finance leased assets
Leases of assets that transfer substantially all the risks and rewards incidental to ownership are classified as finance leases.

Finance leases are capitalised at commencement of the lease as assets at their value of the lease asset or, if lower, the present value of the minimum lease payments calculated using the interest rate implicit in the lease. Where the implicit rate cannot be determined the company's incremental borrowing rate is used. Incremental direct costs, incurred in negotiating and arranging the lease, are included in the cost of the asset.

Assets are depreciated over the shorter of the lease term and the estimated useful life of the asset. Assets are assessed for impairment at each reporting date.

The capital element of lease obligations is recorded as a liability on inception of the arrangement. Lease payments are apportioned between capital repayment and finance charge, using the effective interest rate method, to produce a constant rate of charge on the balance of the capital repayments outstanding.

Operating leased assets
Leases that do no transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Pippin Bakers Ltd (Registered number: 09269982)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company provides a range of benefits to employees, including paid holiday arrangements and defined benefit and defined contribution pension plans.

Defined contribution pension plans
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 obligations are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 59,499
AMORTISATION
At 1 February 2024
and 31 January 2025 59,499
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2024 154,814 199,232 88,176
Additions 110,498 30,478 103,124
Disposals (5,196 ) (5,056 ) -
At 31 January 2025 260,116 224,654 191,300
DEPRECIATION
At 1 February 2024 41,300 92,259 52,951
Charge for year 26,531 29,147 39,706
Eliminated on disposal (520 ) (2,528 ) -
At 31 January 2025 67,311 118,878 92,657
NET BOOK VALUE
At 31 January 2025 192,805 105,776 98,643
At 31 January 2024 113,514 106,973 35,225

Pippin Bakers Ltd (Registered number: 09269982)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 73,541 3,455 519,218
Additions 72,222 357 316,679
Disposals - - (10,252 )
At 31 January 2025 145,763 3,812 825,645
DEPRECIATION
At 1 February 2024 23,578 2,054 212,142
Charge for year 29,153 780 125,317
Eliminated on disposal - - (3,048 )
At 31 January 2025 52,731 2,834 334,411
NET BOOK VALUE
At 31 January 2025 93,032 978 491,234
At 31 January 2024 49,963 1,401 307,076

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 63,146 26,313
Other debtors 4,000 -
VAT 21,622 24,938
Prepayments 12,026 13,145
100,794 64,396

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 21,497 5,255
Other loans 40,202 23,857
Hire purchase contracts 39,928 12,170
Trade creditors 13,592 32,726
Tax 26,352 15,324
Other creditors 2,078 1,439
Directors' current accounts 27,509 27,517
Accruals and deferred income 26,926 2,185
198,084 120,473

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 18,283 5,519
Bank loans - 2-5 years 58,151 18,141
Bank loans more 5 yr by instal 2,482 9,065
Other loans - 1-2 years 44,987 26,198
Other loans - 2-5 years 18,703 41,575
Hire purchase contracts 134,431 45,685
277,037 146,183

Pippin Bakers Ltd (Registered number: 09269982)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,482 9,065

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
M R Evangelista and Mrs B Evangelista
Balance outstanding at start of year 27,517 27,517
Amounts repaid (8 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,509 27,517