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REGISTERED NUMBER: 07672560 (England and Wales)



















LUKE EVANS BAKERY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






LUKE EVANS BAKERY LTD (REGISTERED NUMBER: 07672560)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


LUKE EVANS BAKERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr D J Yates
Mrs H J Yates



REGISTERED OFFICE: 81 Burton Road
Derby
DE1 1TJ



BUSINESS ADDRESS: Greenhill Lane
Riddings
Alfreton
Derbyshire
DE55 4AS



REGISTERED NUMBER: 07672560 (England and Wales)



ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ



BANKERS: HSBC Bank Plc
Church Street
Ripley
Derbyshire
DE5 3BY

LUKE EVANS BAKERY LTD (REGISTERED NUMBER: 07672560)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 362,206 350,334

CURRENT ASSETS
Stocks 5 42,211 48,625
Debtors 6 233,106 291,073
Cash at bank and in hand 110,634 155,654
385,951 495,352
CREDITORS
Amounts falling due within one year 7 337,243 367,668
NET CURRENT ASSETS 48,708 127,684
TOTAL ASSETS LESS CURRENT LIABILITIES 410,914 478,018

CREDITORS
Amounts falling due after more than one year 8 (61,332 ) (80,947 )

PROVISIONS FOR LIABILITIES (64,076 ) (61,026 )
NET ASSETS 285,506 336,045

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 29,291 35,813
Retained earnings 256,115 300,132
SHAREHOLDERS' FUNDS 285,506 336,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

LUKE EVANS BAKERY LTD (REGISTERED NUMBER: 07672560)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





Mr D J Yates - Director


LUKE EVANS BAKERY LTD (REGISTERED NUMBER: 07672560)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Luke Evans Bakery 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 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.

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.

LUKE EVANS BAKERY LTD (REGISTERED NUMBER: 07672560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2023 - 45 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2024 71,965 383,491 17,533 222,311 695,300
Additions - 31,184 1,742 64,500 97,426
Disposals - - - (80,778 ) (80,778 )
At 31 December 2024 71,965 414,675 19,275 206,033 711,948
DEPRECIATION
At 1 January 2024 19,705 192,619 7,157 125,485 344,966
Charge for year 5,226 34,458 1,818 33,202 74,704
Eliminated on disposal - - - (69,928 ) (69,928 )
At 31 December 2024 24,931 227,077 8,975 88,759 349,742
NET BOOK VALUE
At 31 December 2024 47,034 187,598 10,300 117,274 362,206
At 31 December 2023 52,260 190,872 10,376 96,826 350,334

LUKE EVANS BAKERY LTD (REGISTERED NUMBER: 07672560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

If the plant & machinery had not been revalued it would have been included at the following historical cost:

20242023
£ £
Cost428,161396,977

Aggregate depreciation269,854241,918


Plant & Machinery was valued by the directors on an open market basis as at 31 December 2024 and they consider the assets to be fairly stated.

5. STOCKS
2024 2023
£    £   
Stocks 42,211 48,625

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 206,004 264,643
Other debtors 1,815 -
Directors' current accounts 1,173 -
VAT 9,247 15,423
Prepayments and accrued income 14,867 11,007
233,106 291,073

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,200 10,000
Hire purchase contracts (see note 9) 48,336 30,694
Trade creditors 159,913 177,507
Corporation tax 16,615 46,770
Social security and other taxes 26,579 27,231
Other creditors 20,498 19,773
Directors' current accounts - 385
Accruals and deferred income 55,102 55,308
337,243 367,668

LUKE EVANS BAKERY LTD (REGISTERED NUMBER: 07672560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,614 11,000
Bank loans - 2-5 years - 3,963
Hire purchase contracts (see note 9) 56,718 65,984
61,332 80,947

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 48,336 30,694
Between one and five years 56,718 65,984
105,054 96,678

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 14,814 24,963
Hire purchase contracts 105,054 96,678
119,868 121,641

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

LUKE EVANS BAKERY LTD (REGISTERED NUMBER: 07672560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr D J Yates
Balance outstanding at start of year (385 ) 13,569
Amounts advanced 1,558 5,046
Amounts repaid - (19,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,173 (385 )