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COMPANY REGISTRATION NUMBER: 10790861
St Agnes Bakery Ltd
Filleted Unaudited Financial Statements
30 September 2024
St Agnes Bakery Ltd
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
2
2
Tangible assets
6
139,842
109,779
---------
---------
139,844
109,781
Current assets
Stocks
19,586
10,780
Debtors
7
45,305
32,022
Cash at bank and in hand
37,538
32,344
---------
--------
102,429
75,146
Creditors: amounts falling due within one year
8
108,111
70,789
---------
--------
Net current (liabilities)/assets
( 5,682)
4,357
---------
---------
Total assets less current liabilities
134,162
114,138
Creditors: amounts falling due after more than one year
9
24,723
37,543
---------
---------
Net assets
109,439
76,595
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
109,339
76,495
---------
--------
Shareholders funds
109,439
76,595
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
St Agnes Bakery Ltd
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 23 May 2025 , and are signed on behalf of the board by:
Mr N Hudson
Director
Company registration number: 10790861
St Agnes Bakery Ltd
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 21 (2023: 21 ).
5. Intangible assets
Goodwill
Intellectual Property
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
1
1
2
----
----
----
Amortisation
At 1 October 2023 and 30 September 2024
----
----
----
Carrying amount
At 30 September 2024
1
1
2
----
----
----
At 30 September 2023
1
1
2
----
----
----
6. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 October 2023
63,235
6,600
140,407
210,242
Additions
1,908
22,095
40,339
64,342
Disposals
( 167)
( 16,677)
( 16,844)
--------
--------
---------
---------
At 30 September 2024
64,976
28,695
164,069
257,740
--------
--------
---------
---------
Depreciation
At 1 October 2023
50,235
5,132
45,096
100,463
Charge for the year
3,378
3,129
22,679
29,186
Disposals
( 18)
( 11,733)
( 11,751)
--------
--------
---------
---------
At 30 September 2024
53,595
8,261
56,042
117,898
--------
--------
---------
---------
Carrying amount
At 30 September 2024
11,381
20,434
108,027
139,842
--------
--------
---------
---------
At 30 September 2023
13,000
1,468
95,311
109,779
--------
--------
---------
---------
7. Debtors
2024
2023
£
£
Trade debtors
28,913
22,620
Other debtors
16,392
9,402
--------
--------
45,305
32,022
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
11,803
11,803
Trade creditors
53,130
19,398
Corporation tax
5,295
Social security and other taxes
2,859
1,402
Other creditors
35,024
38,186
---------
--------
108,111
70,789
---------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
24,723
37,543
--------
--------