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REGISTERED NUMBER: 12757460 (England and Wales)















THE BAGGERY SUNDRIES UK LIMITED

Unaudited Financial Statements

for the Year Ended 31 July 2024






THE BAGGERY SUNDRIES UK LIMITED (REGISTERED NUMBER: 12757460)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE BAGGERY SUNDRIES UK LIMITED

Company Information
for the year ended 31 July 2024







Directors: J A Warn
J Warn





Registered office: Unit 4 Quayside Business Park
Quayside Road
Southampton
Hampshire
SO18 1DH





Registered number: 12757460 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

THE BAGGERY SUNDRIES UK LIMITED (REGISTERED NUMBER: 12757460)

Balance Sheet
31 July 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 4 113,026 133,515
Tangible assets 5 14,347 19,030
127,373 152,545

Current assets
Stocks 165,978 286,946
Debtors 6 51,381 48,278
Cash at bank 71,206 71,353
288,565 406,577
Creditors
Amounts falling due within one year 7 (295,505 ) (439,068 )
Net current liabilities (6,940 ) (32,491 )
Total assets less current liabilities 120,433 120,054

Capital and reserves
Called up share capital 8 100 100
Retained earnings 120,333 119,954
Shareholders' funds 120,433 120,054

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

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

THE BAGGERY SUNDRIES UK LIMITED (REGISTERED NUMBER: 12757460)

Balance Sheet - continued
31 July 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





J A Warn - Director


THE BAGGERY SUNDRIES UK LIMITED (REGISTERED NUMBER: 12757460)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

The Baggery Sundries UK 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 FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover represents amounts receivable for goods provided in the year and is stated net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website20% straight line

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery25% reducing balance
Fixtures and fittings20% straight line
Motor vehicles25% reducing balance
Computer equipment20% straight line

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

THE BAGGERY SUNDRIES UK LIMITED (REGISTERED NUMBER: 12757460)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. Accounting policies - continued

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

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

THE BAGGERY SUNDRIES UK LIMITED (REGISTERED NUMBER: 12757460)

Notes to the Financial Statements - continued
for the year ended 31 July 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 year was 5 (2023 - 5 ) .

4. Intangible fixed assets
Computer
Goodwill software Totals
£ £ £
Cost
At 1 August 2023
and 31 July 2024 179,500 12,699 192,199
Amortisation
At 1 August 2023 53,604 5,080 58,684
Amortisation for year 17,950 2,539 20,489
At 31 July 2024 71,554 7,619 79,173
Net book value
At 31 July 2024 107,946 5,080 113,026
At 31 July 2023 125,896 7,619 133,515

5. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
Cost
At 1 August 2023 24,563 2,263 12,469 2,403 41,698
Additions - 143 - 80 223
At 31 July 2024 24,563 2,406 12,469 2,483 41,921
Depreciation
At 1 August 2023 14,029 569 7,209 861 22,668
Charge for year 2,634 462 1,315 495 4,906
At 31 July 2024 16,663 1,031 8,524 1,356 27,574
Net book value
At 31 July 2024 7,900 1,375 3,945 1,127 14,347
At 31 July 2023 10,534 1,694 5,260 1,542 19,030

THE BAGGERY SUNDRIES UK LIMITED (REGISTERED NUMBER: 12757460)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 36,764 21,753
Other debtors 14,617 26,525
51,381 48,278

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 176,649 264,166
Taxation and social security 26,186 16,201
Other creditors 92,670 158,701
295,505 439,068

8. Called up share capital

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