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REGISTERED NUMBER: 04194988 (England and Wales)















CRUSTIES BAKERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 MARCH 2023 TO 27 MARCH 2024






CRUSTIES BAKERY LIMITED (REGISTERED NUMBER: 04194988)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 MARCH 2023 TO 27 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CRUSTIES BAKERY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 29 MARCH 2023 TO 27 MARCH 2024







DIRECTOR: Mr C Frages





SECRETARY: Mr C Frages





REGISTERED OFFICE: Unit 16
Blenheim Close
Pysons Road Industrial Estate
Broadstairs
Kent
CT10 2YF





REGISTERED NUMBER: 04194988 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

CRUSTIES BAKERY LIMITED (REGISTERED NUMBER: 04194988)

BALANCE SHEET
27 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 62,606 60,196
62,606 60,196

CURRENT ASSETS
Stocks 23,000 21,000
Debtors 6 25,966 63,216
Cash at bank and in hand 2,500 4,458
51,466 88,674
CREDITORS
Amounts falling due within one year 7 170,775 110,022
NET CURRENT LIABILITIES (119,309 ) (21,348 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,703

)

38,848

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (56,704 ) 38,847
SHAREHOLDERS' FUNDS (56,703 ) 38,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:



Mr C Frages - Director


CRUSTIES BAKERY LIMITED (REGISTERED NUMBER: 04194988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 MARCH 2023 TO 27 MARCH 2024

1. STATUTORY INFORMATION

Crusties Bakery 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 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.

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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CRUSTIES BAKERY LIMITED (REGISTERED NUMBER: 04194988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 MARCH 2023 TO 27 MARCH 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 36 (2023 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 March 2023
and 27 March 2024 7,500
AMORTISATION
At 29 March 2023
and 27 March 2024 7,500
NET BOOK VALUE
At 27 March 2024 -
At 28 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 29 March 2023 35,294 335,523 370,817
Additions - 17,039 17,039
At 27 March 2024 35,294 352,562 387,856
DEPRECIATION
At 29 March 2023 35,294 275,327 310,621
Charge for period - 14,629 14,629
At 27 March 2024 35,294 289,956 325,250
NET BOOK VALUE
At 27 March 2024 - 62,606 62,606
At 28 March 2023 - 60,196 60,196

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,102 34,170
Other debtors 8,864 29,046
25,966 63,216

CRUSTIES BAKERY LIMITED (REGISTERED NUMBER: 04194988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 MARCH 2023 TO 27 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,601 -
Trade creditors 34,486 51,297
Taxation and social security 67,447 10,731
Other creditors 61,241 47,994
170,775 110,022