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REGISTERED NUMBER: 12199837 (England and Wales)


















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BAKERS OF DANBURY HERITAGE LIMITED

BAKERS OF DANBURY HERITAGE LIMITED (REGISTERED NUMBER: 12199837)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAKERS OF DANBURY HERITAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M H Holland
P J Smyth



REGISTERED OFFICE: Eves Corner
Danbury
Chelmsford
Essex
CM3 4QB



REGISTERED NUMBER: 12199837 (England and Wales)



SENIOR STATUTORY AUDITOR: Lee Daley FCA FCCA



AUDITORS: THP Limited
Chartered Accountants
and Statutory Auditors
Unit 4 Mulgrave Chambers
26-28 Mulgrave Road
Sutton
Surrey
SM2 6LE

BAKERS OF DANBURY HERITAGE LIMITED (REGISTERED NUMBER: 12199837)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 89,166 59,934

CURRENT ASSETS
Stocks 5 32,904 32,311
Debtors 6 1,767,636 1,475,601
Cash at bank 195,868 373,701
1,996,408 1,881,613
CREDITORS
Amounts falling due within one year 7 1,320,232 1,294,854
NET CURRENT ASSETS 676,176 586,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

765,342

646,693

CREDITORS
Amounts falling due after more than one
year

8

(35,192

)

(5,149

)

PROVISIONS FOR LIABILITIES 11 (16,764 ) (7,349 )
NET ASSETS 713,386 634,195

CAPITAL AND RESERVES
Called up share capital 217,555 217,555
Retained earnings 495,831 416,640
713,386 634,195

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 6 June 2025 and were signed on its behalf by:





P J Smyth - Director


BAKERS OF DANBURY HERITAGE LIMITED (REGISTERED NUMBER: 12199837)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Bakers of Danbury Heritage 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The directors, having considered all the information available, are confident that the company has adequate reserves and resources thereto to continue its operational activities for the foreseeable future.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Amounts recoverable on contracts
Revenue from amounts recoverable on contracts is based on the completion stage of those contracts which is based on the costs incurred to date. The stage of completion is calculated by comparing actual costs incurred, mainly in relation to labour and materials, as a proportion of total final expected costs and by using this percentage of completion, an adjustment is made to recognise the appropriate revenue at the forecast margin.

Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stock is stated at the lower of cost and estimated selling price, after making due allowance for obsolete and slow moving items. Stocks are recognised as an expense in the period in which the related revenue is recognised.

Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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.


BAKERS OF DANBURY HERITAGE LIMITED (REGISTERED NUMBER: 12199837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or financial leases are capitalised in the balance sheet and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period on a straight line basis. The capital element of the future payment is treated as a liability.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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 39 (2023 - 43 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 5,391 81,772 87,163
Additions - 53,513 53,513
Disposals - (4,790 ) (4,790 )
At 30 September 2024 5,391 130,495 135,886
DEPRECIATION
At 1 October 2023 4,222 23,007 27,229
Charge for year 1,078 19,249 20,327
Eliminated on disposal - (836 ) (836 )
At 30 September 2024 5,300 41,420 46,720
NET BOOK VALUE
At 30 September 2024 91 89,075 89,166
At 30 September 2023 1,169 58,765 59,934

BAKERS OF DANBURY HERITAGE LIMITED (REGISTERED NUMBER: 12199837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 81,772
Transfer to ownership (37,243 )
At 30 September 2024 44,529
DEPRECIATION
At 1 October 2023 23,007
Charge for year 8,906
At 30 September 2024 31,913
NET BOOK VALUE
At 30 September 2024 12,616
At 30 September 2023 58,765

5. STOCKS
2024 2023
£    £   
Stocks 32,904 32,311

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 345,440 414,615
Amounts recoverable on contracts 670,456 359,929
Other debtors 260,000 300,124
Amounts owed by group undertakings 481,549 398,459
Prepayments and accrued income 10,191 2,474
1,767,636 1,475,601

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 12,066 -
Hire purchase contracts (see note 9) 5,149 10,299
Trade creditors 556,061 517,085
Amounts owed to group undertakings 131,188 57,341
Corporation tax 17,801 37,828
Social security and other taxes 58,706 74,517
VAT 317,649 263,055
Other creditors 9,777 8,251
Accruals and deferred income 211,835 326,478
1,320,232 1,294,854

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans - 1-2 years 12,066 -
Other loans - 2-5 years 23,126 -
Hire purchase contracts (see note 9) - 5,149
35,192 5,149

BAKERS OF DANBURY HERITAGE LIMITED (REGISTERED NUMBER: 12199837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,149 10,299
Between one and five years - 5,149
5,149 15,448

Non-cancellable operating leases
2024 2023
£    £   
Within one year 24,799 -
Between one and five years 32,976 -
57,775 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 47,258 -
Hire purchase contracts 5,149 15,448
52,407 15,448

Liabilities under hire purchase are secured against the assets on hire.

Other loans are secured against the assets financed with fixed interest rates of 8.9% over the term of the loan.

Bank facilities provided by Barclays Bank Plc are secured by a debenture over the assets of the company and its parent and fellow group undertakings.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 16,764 7,349

Deferred
tax
£   
Balance at 1 October 2023 7,349
Provided during year 9,415
Balance at 30 September 2024 16,764

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lee Daley FCA FCCA (Senior Statutory Auditor)
for and on behalf of THP Limited

BAKERS OF DANBURY HERITAGE LIMITED (REGISTERED NUMBER: 12199837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


13. PARENT COMPANY

The company is a 100% owned subsidiary of Bakers of Danbury Limited which is both the immediate and ultimate parent company and is incorporated in England and Wales.

Registered address : Eves Corner, Danbury, Chelmsford, Essex, CM3 4BQ.