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REGISTERED NUMBER: 11131901 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

South Coast Bakery Limited

South Coast Bakery Limited (Registered number: 11131901)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


South Coast Bakery Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: K Sanders
Mrs N M Sanders





SECRETARY:





REGISTERED OFFICE: Unit 2
Polean Ind Est
Looe
Cornwall
PL13 2AL





REGISTERED NUMBER: 11131901 (England and Wales)





ACCOUNTANTS: Derek Cousens Ltd
Chartered Accountants
20 Crockwell Street
Bodmin
Cornwall
PL31 2DS

South Coast Bakery Limited (Registered number: 11131901)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 12,655 16,989
Tangible assets 5 85,137 93,687
97,792 110,676

CURRENT ASSETS
Stocks 14,500 15,000
Debtors 6 10,348 7,399
Cash at bank and in hand 3,044 830
27,892 23,229
CREDITORS
Amounts falling due within one year 7 82,406 89,371
NET CURRENT LIABILITIES (54,514 ) (66,142 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,278

44,534

CREDITORS
Amounts falling due after more than one
year

8

9,008

19,348
NET ASSETS 34,270 25,186

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,170 25,086
34,270 25,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

South Coast Bakery Limited (Registered number: 11131901)

Balance Sheet - continued
31 January 2025


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 13 May 2025 and were signed on its behalf by:





K Sanders - Director


South Coast Bakery Limited (Registered number: 11131901)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

South Coast 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 2018, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost

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.

South Coast Bakery Limited (Registered number: 11131901)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 43,333
AMORTISATION
At 1 February 2024 26,344
Charge for year 4,334
At 31 January 2025 30,678
NET BOOK VALUE
At 31 January 2025 12,655
At 31 January 2024 16,989

South Coast Bakery Limited (Registered number: 11131901)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 43,333 137,326 180,659
Additions - 19,641 19,641
Disposals - (11,995 ) (11,995 )
At 31 January 2025 43,333 144,972 188,305
DEPRECIATION
At 1 February 2024 10,538 76,434 86,972
Charge for year 1,733 21,660 23,393
Eliminated on disposal - (7,197 ) (7,197 )
At 31 January 2025 12,271 90,897 103,168
NET BOOK VALUE
At 31 January 2025 31,062 54,075 85,137
At 31 January 2024 32,795 60,892 93,687

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2024 24,495
Additions 10,500
Disposals (11,995 )
At 31 January 2025 23,000
DEPRECIATION
At 1 February 2024 9,697
Charge for year 4,600
Eliminated on disposal (7,197 )
At 31 January 2025 7,100
NET BOOK VALUE
At 31 January 2025 15,900
At 31 January 2024 14,798

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 8,026 6,597
Other debtors 2,322 802
10,348 7,399

South Coast Bakery Limited (Registered number: 11131901)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,588 24,832
Hire purchase contracts 8,057 6,538
Trade creditors 5,294 8,420
Taxation and social security 13,534 6,037
Other creditors 44,933 43,544
82,406 89,371

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 2,743 12,995
Hire purchase contracts 6,265 6,353
9,008 19,348

9. RELATED PARTY DISCLOSURES

The company has been loaned £43,135 (2024 £43,544) by its directors. There is no fixed date for repayment of the loan and no interest has been charged in the period of these accounts.