Company Registration No. 12981892 (England and Wales)
H's Bakery Ltd
Unaudited accounts
for the year ended 31 October 2024
H's Bakery Ltd
Unaudited accounts
Contents
H's Bakery Ltd
Company Information
for the year ended 31 October 2024
Directors
Alice Mary Fleming
Daniel John Fleming
Company Number
12981892 (England and Wales)
Registered Office
The Piece Hall
Halifax
West Yorkshire
HX1 1RE
England
Accountants
True North Accountancy Ltd
19 Forest Crescent
Illingworth
Halifax
West Yorkshire
HX2 8DS
H's Bakery Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
16,491
11,555
Cash at bank and in hand
69,756
12,625
Creditors: amounts falling due within one year
(39,098)
(22,652)
Net current assets
41,408
4,792
Total assets less current liabilities
57,899
16,347
Provisions for liabilities
Deferred tax
(3,133)
(2,195)
Called up share capital
2
2
Profit and loss account
54,764
14,150
Shareholders' funds
54,766
14,152
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Alice Mary Fleming
Director
Company Registration No. 12981892
H's Bakery Ltd
Notes to the Accounts
for the year ended 31 October 2024
H's Bakery Ltd is a private company, limited by shares, registered in England and Wales, registration number 12981892. The registered office is The Piece Hall, Halifax, West Yorkshire, HX1 1RE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
H's Bakery Ltd
Notes to the Accounts
for the year ended 31 October 2024
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
10,509
12,049
920
23,478
At 31 October 2024
18,501
12,049
920
31,470
At 1 November 2023
5,147
6,420
356
11,923
Charge for the year
1,507
1,408
141
3,056
At 31 October 2024
6,654
7,828
497
14,979
At 31 October 2024
11,847
4,221
423
16,491
At 31 October 2023
5,362
5,629
564
11,555
Amounts falling due within one year
Other debtors
7,250
12,750
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,743
4,277
Taxes and social security
14,307
2,159
Other creditors
3,434
4,721
Loans from directors
-
516
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
H's Bakery Ltd
Notes to the Accounts
for the year ended 31 October 2024
During the year, the company made interest-free advances to a director amounting to £1,034.00. (2023: Nil). These were repayable on demand. The company received repayments of £1,034.00.
9
Average number of employees
During the year the average number of employees was 11 (2023: 12).