Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31Manufacture of bread; manufacture of fresh pastry goods and cakestrue2023-11-01false4135trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11450761 2023-11-01 2024-10-31 11450761 2022-11-01 2023-10-31 11450761 2024-10-31 11450761 2023-10-31 11450761 c:Director7 2023-11-01 2024-10-31 11450761 d:PlantMachinery 2023-11-01 2024-10-31 11450761 d:PlantMachinery 2024-10-31 11450761 d:PlantMachinery 2023-10-31 11450761 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11450761 d:FurnitureFittings 2023-11-01 2024-10-31 11450761 d:FurnitureFittings 2024-10-31 11450761 d:FurnitureFittings 2023-10-31 11450761 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11450761 d:OfficeEquipment 2023-11-01 2024-10-31 11450761 d:OfficeEquipment 2024-10-31 11450761 d:OfficeEquipment 2023-10-31 11450761 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11450761 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11450761 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-10-31 11450761 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-31 11450761 d:Goodwill 2023-11-01 2024-10-31 11450761 d:Goodwill 2024-10-31 11450761 d:Goodwill 2023-10-31 11450761 d:CurrentFinancialInstruments 2024-10-31 11450761 d:CurrentFinancialInstruments 2023-10-31 11450761 d:Non-currentFinancialInstruments 2024-10-31 11450761 d:Non-currentFinancialInstruments 2023-10-31 11450761 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 11450761 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11450761 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 11450761 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 11450761 d:ShareCapital 2024-10-31 11450761 d:ShareCapital 2023-10-31 11450761 d:SharePremium 2024-10-31 11450761 d:SharePremium 2023-10-31 11450761 d:OtherMiscellaneousReserve 2024-10-31 11450761 d:OtherMiscellaneousReserve 2023-10-31 11450761 d:RetainedEarningsAccumulatedLosses 2024-10-31 11450761 d:RetainedEarningsAccumulatedLosses 2023-10-31 11450761 c:OrdinaryShareClass1 2023-11-01 2024-10-31 11450761 c:OrdinaryShareClass1 2024-10-31 11450761 c:OrdinaryShareClass1 2023-10-31 11450761 c:OrdinaryShareClass2 2023-11-01 2024-10-31 11450761 c:OrdinaryShareClass2 2024-10-31 11450761 c:OrdinaryShareClass2 2023-10-31 11450761 c:OrdinaryShareClass3 2023-11-01 2024-10-31 11450761 c:OrdinaryShareClass3 2024-10-31 11450761 c:OrdinaryShareClass3 2023-10-31 11450761 c:FRS102 2023-11-01 2024-10-31 11450761 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11450761 c:FullAccounts 2023-11-01 2024-10-31 11450761 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11450761 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-11-01 2024-10-31 11450761 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-11-01 2024-10-31 11450761 2 2023-11-01 2024-10-31 11450761 d:ExternallyAcquiredIntangibleAssets 2023-11-01 2024-10-31 11450761 d:Goodwill d:OwnedIntangibleAssets 2023-11-01 2024-10-31 11450761 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-11-01 2024-10-31 11450761 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11450761









LUMINARY BAKERY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
LUMINARY BAKERY LIMITED
REGISTERED NUMBER: 11450761

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,164
1,075

Tangible assets
 5 
57,180
69,907

  
60,344
70,982

Current assets
  

Stocks
 6 
821
1,550

Debtors: amounts falling due within one year
 7 
52,131
47,332

Cash at bank and in hand
 8 
68,567
5,241

  
121,519
54,123

Creditors: amounts falling due within one year
 9 
(264,027)
(228,490)

Net current liabilities
  
 
 
(142,508)
 
 
(174,367)

Total assets less current liabilities
  
(82,164)
(103,385)

Creditors: amounts falling due after more than one year
 10 
(136,848)
(132,222)

  

Net liabilities
  
(219,012)
(235,607)


Capital and reserves
  

Called up share capital 
 11 
5
5

Share premium account
  
262,469
262,469

Other reserves
  
30,000
30,000

Profit and loss account
  
(511,486)
(528,081)

  
(219,012)
(235,607)


Page 1

 
LUMINARY BAKERY LIMITED
REGISTERED NUMBER: 11450761
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




L Faiz
Director

Date: 3 June 2025

Page 2

 
LUMINARY BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Luminary Bakery is a private company limited by shares and incorporated in England and Wales. The registered office address of the company is 71-73 Allen Road, Stoke Newington, London, N16 8RY. 
The principal activity of the company is that of a cafe and bakery.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors are confident that the company will continue as a going concern for the foreseeable future. Financial stability has improved significantly over the year, supported by increased sales, strong cost control, and the successful consolidation of production.
The apprenticeship programme continues to be externally funded, and further investment has been secured to support growth. Forecasts and cash flow projections demonstrate the company’s ability to meet its obligations, and the directors remain focused on sustaining profitability and impact.

Page 3

 
LUMINARY BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
LUMINARY BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
LUMINARY BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Plant & machinery
-
7 year straight line
Fixtures & fittings
-
7 year straight line
Office equipment
-
7 year straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 6

 
LUMINARY BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 41 (2023 - 35).


4.


Intangible assets




Website
Goodwill
Total

£
£
£



Cost


At 1 November 2023
-
9,206
9,206


Additions
3,164
-
3,164



At 31 October 2024

3,164
9,206
12,370



Amortisation


At 1 November 2023
-
8,131
8,131


Charge for the year on owned assets
-
1,075
1,075



At 31 October 2024

-
9,206
9,206



Net book value



At 31 October 2024
3,164
-
3,164



At 31 October 2023
-
1,075
1,075

Goodwill was introduced on the transfer of the business from Kahailia to Luminary Ltd. The goodwill was then transferred from Luminary Ltd to Luminary Bakery Ltd on 31 May 2019 was amortised over 5 years.



Page 7

 
LUMINARY BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2023
20,841
136,196
1,443
158,480


Additions
9,870
-
953
10,823



At 31 October 2024

30,711
136,196
2,396
169,303



Depreciation


At 1 November 2023
10,876
77,376
321
88,573


Charge for the year on owned assets
3,858
19,456
236
23,550



At 31 October 2024

14,734
96,832
557
112,123



Net book value



At 31 October 2024
15,977
39,364
1,839
57,180



At 31 October 2023
9,965
58,820
1,122
69,907


6.


Stocks

2024
2023
£
£

Merchandise
821
1,550

821
1,550


Page 8

 
LUMINARY BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
38,145
28,540

Other debtors
10,631
15,384

Prepayments and accrued income
3,355
3,408

52,131
47,332



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
68,567
5,241

68,567
5,241



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
45,188
32,588

Other taxation and social security
43,630
56,798

Other creditors
101,420
103,009

Accruals and deferred income
73,789
36,095

264,027
228,490


Page 9

 
LUMINARY BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
136,848
132,222

136,848
132,222


Included within other creditors due within one year and in more than one year is a loan drawn down from Comic Relief amouting to £85,000 (2023: £85,000). The loan is unsecured and interest free.
Post year end one of the loaners agreed to write off their loan which totalled £15,000. In addition, reduced monthly repayment terms were negotiated on all remaining loans.


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



11,928 (2023 - 11,928) Ordinary  A shares of £0.0001 each
1.1928
1.1928
13,722 (2023 - 13,722) Ordinary B shares of £0.0001 each
1.3722
1.3722
24,643 (2023 - 24,643) Ordinary C shares of £0.0001 each
2.4643
2.4643

5.0293

5.0293



12.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to  £11,020 (2023: £8,516).  Contributions totalling £4,934 (2023: £3,894) were payable to the fund at the balance sheet date.

Page 10

 
LUMINARY BAKERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

13.


Related party transactions

At the year end there are various balances between the company and Luminary Ltd, a connected company, these can be summarised as follows:


2024
2023
£
£

Other debtors/(creditors)
1,851
(3,314)
1,851
(3,314)

Included within other creditors due within one year is an amount due to the directors totaling £17,250 (2023: £17,000).
During the year one of the directors donated £Nil 
(2023: £15,000) to the company. 

 
Page 11