Registered number
08125870
Delicio Patisserie Ltd
Filleted Accounts
31 July 2024
Delicio Patisserie Ltd
Registered number: 08125870
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,491 177
Current assets
Stocks 1,247 1,770
Debtors 4 280,000 -
Cash at bank and in hand 35,582 312,506
316,829 314,276
Creditors: amounts falling due within one year 5 (116,824) (128,932)
Net current assets 200,005 185,344
Total assets less current liabilities 202,496 185,521
Creditors: amounts falling due after more than one year 6 (12,659) (22,968)
Net assets 189,837 162,553
Capital and reserves
Called up share capital 100 100
Profit and loss account 189,737 162,453
Shareholders' funds 189,837 162,553
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.
Raluca Ionela Costan
Director
Approved by the board on 26 April 2025
Delicio Patisserie Ltd
Notes to the Accounts
for the year ended 31 July 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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.
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 14 12
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 23,928
Additions 3,114
At 31 July 2024 27,042
Depreciation
At 1 August 2023 23,751
Charge for the year 800
At 31 July 2024 24,551
Net book value
At 31 July 2024 2,491
At 31 July 2023 177
4 Debtors 2024 2023
£ £
Loan to Rustic Shop Costan 280,000 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,050 9,872
Net Pay 19,360 22,119
Taxation and social security costs 7,466 13,586
Other creditors 79,948 83,355
116,824 128,932
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,659 22,968
7 Other information
Delicio Patisserie Ltd is a private company limited by shares and incorporated in England. Its registered office is:
204 High Road
Leytonstone
London
E11 3HU
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