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REGISTERED NUMBER: SC603638 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

THE BAKERY TOBERMORY LIMITED

THE BAKERY TOBERMORY LIMITED (REGISTERED NUMBER: SC603638)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE BAKERY TOBERMORY LIMITED

COMPANY INFORMATION
For The Year Ended 31 August 2024







DIRECTORS: Claire Mackenzie Noble
Oliver Douglas





REGISTERED OFFICE: R A Clement Associates
5 Argyll Square
OBAN
PA34 4AZ





REGISTERED NUMBER: SC603638 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

THE BAKERY TOBERMORY LIMITED (REGISTERED NUMBER: SC603638)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 22,500 28,000
Tangible assets 5 232,925 237,925
255,425 265,925

CURRENT ASSETS
Stocks 7,655 4,580
Debtors 6 5,292 5,707
Cash at bank and in hand 73,505 51,641
86,452 61,928
CREDITORS
Amounts falling due within one year 7 275,565 269,730
NET CURRENT LIABILITIES (189,113 ) (207,802 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,312

58,123

CREDITORS
Amounts falling due after more than one year 8 (55,681 ) (66,611 )

PROVISIONS FOR LIABILITIES (5,518 ) (4,391 )
NET ASSETS/(LIABILITIES) 5,113 (12,879 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,112 (12,880 )
SHAREHOLDERS' FUNDS 5,113 (12,879 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 BAKERY TOBERMORY LIMITED (REGISTERED NUMBER: SC603638)

BALANCE SHEET - continued
31 August 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 19 May 2025 and were signed on its behalf by:





Claire Mackenzie Noble - Director


THE BAKERY TOBERMORY LIMITED (REGISTERED NUMBER: SC603638)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024

1. STATUTORY INFORMATION

The Bakery Tobermory Limited is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery - 15% on reducing balance
Computer equipment - 33% 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.

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.

THE BAKERY TOBERMORY LIMITED (REGISTERED NUMBER: SC603638)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 55,000
AMORTISATION
At 1 September 2023 27,000
Amortisation for year 5,500
At 31 August 2024 32,500
NET BOOK VALUE
At 31 August 2024 22,500
At 31 August 2023 28,000

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 205,767 58,272 4,167 699 268,905
DEPRECIATION
At 1 September 2023 - 27,872 2,409 699 30,980
Charge for year - 4,560 440 - 5,000
At 31 August 2024 - 32,432 2,849 699 35,980
NET BOOK VALUE
At 31 August 2024 205,767 25,840 1,318 - 232,925
At 31 August 2023 205,767 30,400 1,758 - 237,925

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,582 4,045
Other debtors 710 1,662
5,292 5,707

THE BAKERY TOBERMORY LIMITED (REGISTERED NUMBER: SC603638)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,920 10,999
Trade creditors 22,160 20,029
Taxation and social security 6,467 3,555
Other creditors 233,018 235,147
275,565 269,730

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 55,681 66,611

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 19,011

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Clydesdale Bank PLC 69,601 77,611

The Clydesdale Bank PLC have security by way of a floating charge over the assets of the company.