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SLOW BAKING LTD

Registered Number
11530377
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

SLOW BAKING LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

CRITICOS, G

Registered Address

4b High Street
Wheathampstead
St. Albans
AL4 8AA

Registered Number

11530377 (England and Wales)
SLOW BAKING LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-21,500
Tangible assets463,16237,235
63,16258,735
Current assets
Stocks25,08228,993
Debtors12,449-
Cash at bank and on hand14,7361,795
52,26730,788
Creditors amounts falling due within one year(81,977)(52,052)
Net current assets (liabilities)(29,710)(21,264)
Total assets less current liabilities33,45237,471
Creditors amounts falling due after one year(8,315)(19,104)
Net assets25,13718,367
Capital and reserves
Called up share capital100100
Profit and loss account25,03718,267
Shareholders' funds25,13718,367
The financial statements were approved and authorised for issue by the Director on 19 May 2025, and are signed on its behalf by:
CRITICOS, G
Director
Registered Company No. 11530377
SLOW BAKING LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings5
Vehicles3
Office Equipment5
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year1212
3.Intangible assets

Total

£
Cost or valuation
At 01 October 2388,500
At 30 September 2488,500
Amortisation and impairment
At 01 October 2367,000
Charge for year21,500
At 30 September 2488,500
Net book value
At 30 September 24-
At 30 September 2321,500
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 2384,404
Additions47,026
At 30 September 24131,430
Depreciation and impairment
At 01 October 2347,169
Charge for year21,099
At 30 September 2468,268
Net book value
At 30 September 2463,162
At 30 September 2337,235
5.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts8122,437