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REGISTERED NUMBER: 10316969 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 31 August 2024

for

PEGGOTTYS BAKERY LIMITED

PEGGOTTYS BAKERY LIMITED (REGISTERED NUMBER: 10316969)






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


PEGGOTTYS BAKERY LIMITED

Company Information
for the year ended 31 August 2024







DIRECTORS: A G Cassidy
Mrs S M Cassidy





REGISTERED OFFICE: Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX





REGISTERED NUMBER: 10316969 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

PEGGOTTYS BAKERY LIMITED (REGISTERED NUMBER: 10316969)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,237 9,767
7,237 9,767

CURRENT ASSETS
Stocks 6 1,785 1,700
Debtors 7 38,531 39,170
Cash at bank and in hand 2,564 1,153
42,880 42,023
CREDITORS
Amounts falling due within one year 8 23,933 31,698
NET CURRENT ASSETS 18,947 10,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,184

20,092

CREDITORS
Amounts falling due after more than one
year

9

25,870

30,449
NET ASSETS/(LIABILITIES) 314 (10,357 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 214 (10,457 )
314 (10,357 )

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.

PEGGOTTYS BAKERY LIMITED (REGISTERED NUMBER: 10316969)

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 10 April 2025 and were signed on its behalf by:




A G Cassidy - Director



Mrs S M Cassidy - Director


PEGGOTTYS BAKERY LIMITED (REGISTERED NUMBER: 10316969)

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

1. STATUTORY INFORMATION

Peggottys 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 represents net sale of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five 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.
Fixtures and fittings - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PEGGOTTYS BAKERY LIMITED (REGISTERED NUMBER: 10316969)

Notes to the Financial Statements - continued
for the year ended 31 August 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 3 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 20,000
AMORTISATION
At 1 September 2023
and 31 August 2024 20,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 36,942 1,208 38,150
DEPRECIATION
At 1 September 2023 27,739 644 28,383
Charge for year 2,288 242 2,530
At 31 August 2024 30,027 886 30,913
NET BOOK VALUE
At 31 August 2024 6,915 322 7,237
At 31 August 2023 9,203 564 9,767

6. STOCKS
2024 2023
£    £   
Stocks 1,785 1,700

PEGGOTTYS BAKERY LIMITED (REGISTERED NUMBER: 10316969)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 38,531 39,170

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,699 5,699
Trade creditors 2,484 1,980
Taxation and social security 2,500 9,769
Other creditors 13,250 14,250
23,933 31,698

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 25,870 30,449

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,472 19,051

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
A G Cassidy and Mrs S M Cassidy
Balance outstanding at start of year 28,943 46,304
Amounts advanced 50,154 36,871
Amounts repaid (50,502 ) (54,232 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,595 28,943