Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07532849 Mr Eyvind Thornberry Mrs Michele Thornberry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07532849 2024-03-31 07532849 2025-03-31 07532849 2024-04-01 2025-03-31 07532849 frs-core:CurrentFinancialInstruments 2025-03-31 07532849 frs-core:Non-currentFinancialInstruments 2025-03-31 07532849 frs-core:ComputerEquipment 2025-03-31 07532849 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07532849 frs-core:ComputerEquipment 2024-03-31 07532849 frs-core:FurnitureFittings 2025-03-31 07532849 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07532849 frs-core:FurnitureFittings 2024-03-31 07532849 frs-core:NetGoodwill 2025-03-31 07532849 frs-core:NetGoodwill 2024-04-01 2025-03-31 07532849 frs-core:NetGoodwill 2024-03-31 07532849 frs-core:PlantMachinery 2025-03-31 07532849 frs-core:PlantMachinery 2024-04-01 2025-03-31 07532849 frs-core:PlantMachinery 2024-03-31 07532849 frs-core:ShareCapital 2025-03-31 07532849 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07532849 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07532849 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07532849 frs-bus:SmallEntities 2024-04-01 2025-03-31 07532849 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07532849 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07532849 frs-bus:Director1 2024-04-01 2025-03-31 07532849 frs-bus:Director1 2024-03-31 07532849 frs-bus:Director1 2025-03-31 07532849 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 07532849 frs-countries:EnglandWales 2024-04-01 2025-03-31 07532849 2023-03-31 07532849 2024-03-31 07532849 2023-04-01 2024-03-31 07532849 frs-core:CurrentFinancialInstruments 2024-03-31 07532849 frs-core:Non-currentFinancialInstruments 2024-03-31 07532849 frs-core:ShareCapital 2024-03-31 07532849 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07532849
Bakerybits Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
CJD Accountancy Limited
9 Alba Close
Middleleaze
Swindon
SN5 5TL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07532849
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 115,792 142,634
115,792 142,634
CURRENT ASSETS
Stocks 6 202,791 200,311
Debtors 7 71,979 44,723
Cash at bank and in hand 25,887 25,053
300,657 270,087
Creditors: Amounts Falling Due Within One Year 8 (259,367 ) (241,973 )
NET CURRENT ASSETS (LIABILITIES) 41,290 28,114
TOTAL ASSETS LESS CURRENT LIABILITIES 157,082 170,748
Creditors: Amounts Falling Due After More Than One Year 9 (99,430 ) (127,910 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,000 ) (24,659 )
NET ASSETS 35,652 18,179
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 35,552 18,079
SHAREHOLDERS' FUNDS 35,652 18,179
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Eyvind Thornberry
Director
13/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bakerybits Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07532849 . The registered office is 7 Lowmoor Business Park, Tonedale, Wellington, TA21 0AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It has been amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
2.7. Taxation
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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 66,000
As at 31 March 2025 66,000
Amortisation
As at 1 April 2024 66,000
As at 31 March 2025 66,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 135,334 17,692 116,941 269,967
Additions 6,167 2,620 3,248 12,035
Disposals - - (14,338 ) (14,338 )
As at 31 March 2025 141,501 20,312 105,851 267,664
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2024 71,120 13,726 42,487 127,333
Provided during the period 10,185 3,237 25,455 38,877
Disposals - - (14,338 ) (14,338 )
As at 31 March 2025 81,305 16,963 53,604 151,872
Net Book Value
As at 31 March 2025 60,196 3,349 52,247 115,792
As at 1 April 2024 64,214 3,966 74,454 142,634
6. Stocks
2025 2024
£ £
Stock 202,791 200,311
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 15,755 15,514
Prepayments and accrued income 38,711 27,196
Director's loan account 17,513 2,013
71,979 44,723
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 157,679 188,565
Bank loans and overdrafts 16,322 14,788
Other loan 12,000 -
Corporation tax 11,312 -
Other taxes and social security 4,164 3,381
VAT 35,829 18,526
Other creditors 17,417 10,651
Accruals and deferred income 4,644 6,062
259,367 241,973
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 64,030 80,510
Other loans 35,400 47,400
99,430 127,910
Page 5
Page 6
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Eyvind Thornberry 2,013 36,000 20,500 - 17,513
The above loan is unsecured, interest free and repayable on demand. The loan was cleared within 9 months of the year end.
Page 6