Registered number
09454279
Clam's Handmade Cakes Limited
Unaudited Filleted Accounts
30 June 2024
Clam's Handmade Cakes Limited
Registered number: 09454279
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 9,600 10,800
Tangible assets 4 183,480 219,483
193,080 230,283
Current assets
Stocks 22,526 24,675
Debtors 5 131,554 85,884
Cash at bank and in hand 155,572 106,976
309,652 217,535
Creditors: amounts falling due within one year 6 (184,706) (411,798)
Net current assets/(liabilities) 124,946 (194,263)
Total assets less current liabilities 318,026 36,020
Creditors: amounts falling due after more than one year 7 (220,906) -
Provisions for liabilities (4,212) (5,078)
Net assets 92,908 30,942
Capital and reserves
Called up share capital 30,003 30,003
Profit and loss account 62,905 939
Shareholders' funds 92,908 30,942
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.
Jane Phillips
Director
Approved by the board on 21 March 2025
Clam's Handmade Cakes Limited
Notes to the Accounts
for the year ended 30 June 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% Reducing balance
Plant and machinery 15% Reducing Balance
Computers 20% Reducing Balance
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 (which is usually the invoice 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 (which is usually the invoice 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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 25 23
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 12,000
At 30 June 2024 12,000
Amortisation
At 1 July 2023 1,200
Provided during the year 1,200
At 30 June 2024 2,400
Net book value
At 30 June 2024 9,600
At 30 June 2023 10,800
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Computers and Office Equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 5,132 197,144 63,740 266,016
Additions 473 1,796 - 2,269
At 30 June 2024 5,605 198,940 63,740 268,285
Depreciation
At 1 July 2023 1,026 29,572 15,935 46,533
Charge for the year 916 25,405 11,951 38,272
At 30 June 2024 1,942 54,977 27,886 84,805
Net book value
At 30 June 2024 3,663 143,963 35,854 183,480
At 30 June 2023 4,106 167,572 47,805 219,483
5 Debtors 2024 2023
£ £
Trade debtors 123,293 71,170
Other debtors 8,261 14,714
131,554 85,884
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,956 -
Trade creditors 92,385 94,639
Taxation and social security costs 49,813 18,817
Other creditors 37,552 298,342
184,706 411,798
7 Creditors: amounts falling due after one year 2024 2023
£ £
Directors Loan due after 12 months 220,906 -
8 Related party transactions
All at market rate.
9 Transactions with Directors
During the year Director, Mrs Jane Phillips used a current account with the company to record amounts due to her and amounts drawn by her. As at 30th June 2024 the account shows an amount owing back to Jane Phillips of £252985.25 (2023: £293,221.66). The amount is repayable on demand, however Jane Phillips does not expect £220,906.34 of this balance to be repaid within 12 months of the yearend.

During the year Director, Mr Bryan Phillips used a current account with the company to record amounts due to him and amounts drawn by him. As at 30th June 2024 the account owed £NIL back to Bryan Phillips (2023: £NIL).

During the year Director, Mr Lewis Phillips used a current account with the company to record amounts due to him and amounts drawn by him. As at 30th June 2024 the account owed £43.20 back to Lewis Phillips (2023: £NIL).
10 Controlling party
Jane Phillips owns 99.993% of the share capital and Bryan Phillips and Lewis Phillips each owns 0.003% of the share capital. Therefore, Jane Phillips is the company's ultimate controlling party.
11 Other information
Clam's Handmade Cakes Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Units 1 & 2 Gwent Court
Victoria Buisiness Park
Ebbw Vale
Blaenau Gwent
NP23 8AN
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