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REGISTERED NUMBER: 03343368 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BAKE FARMING LTD

BAKE FARMING LTD (REGISTERED NUMBER: 03343368)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAKE FARMING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: R Jowett
C R Jowett





SECRETARY: R Jowett





REGISTERED OFFICE: Bake Farm
Coombe Bissett
Salisbury
SP5 4JT





REGISTERED NUMBER: 03343368 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

BAKE FARMING LTD (REGISTERED NUMBER: 03343368)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 9,000
Tangible assets 5 201,978 202,667
Investments 6 1 1
210,979 211,668

CURRENT ASSETS
Stocks 140,512 148,657
Debtors 7 38,881 22,316
Cash at bank 82,218 46,838
261,611 217,811
CREDITORS
Amounts falling due within one year 8 102,916 74,611
NET CURRENT ASSETS 158,695 143,200
TOTAL ASSETS LESS CURRENT LIABILITIES 369,674 354,868

CREDITORS
Amounts falling due after more than one
year

9

(28,638

)

(9,952

)

PROVISIONS FOR LIABILITIES 10 (50,495 ) (50,667 )
NET ASSETS 290,541 294,249

CAPITAL AND RESERVES
Called up share capital 11 50,000 50,000
Retained earnings 240,541 244,249
SHAREHOLDERS' FUNDS 290,541 294,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BAKE FARMING LTD (REGISTERED NUMBER: 03343368)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2025 and were signed on its behalf by:





R Jowett - Director


BAKE FARMING LTD (REGISTERED NUMBER: 03343368)

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


1. STATUTORY INFORMATION

Bake Farming Ltd 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.

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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Storage rights are not being amortised as their estimated useful life is over 50 years.

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 - 25% on reducing balance and 15% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Stocks
Stock is valued at the lower of cost and net realisable value. Livestock and crops in store have been valued in accordance with HMRC HS232.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BAKE FARMING LTD (REGISTERED NUMBER: 03343368)

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 finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

BAKE FARMING LTD (REGISTERED NUMBER: 03343368)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 9,000
NET BOOK VALUE
At 30 September 2024 9,000
At 30 September 2023 9,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 542,563
Additions 54,254
Disposals (39,132 )
At 30 September 2024 557,685
DEPRECIATION
At 1 October 2023 339,896
Charge for year 35,963
Eliminated on disposal (20,152 )
At 30 September 2024 355,707
NET BOOK VALUE
At 30 September 2024 201,978
At 30 September 2023 202,667

BAKE FARMING LTD (REGISTERED NUMBER: 03343368)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 124,902
Additions 48,570
Disposals (32,902 )
At 30 September 2024 140,570
DEPRECIATION
At 1 October 2023 73,029
Charge for year 12,491
Eliminated on disposal (15,727 )
At 30 September 2024 69,793
NET BOOK VALUE
At 30 September 2024 70,777
At 30 September 2023 51,873

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 1
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,842 3,133
Other debtors 15,039 19,183
38,881 22,316

BAKE FARMING LTD (REGISTERED NUMBER: 03343368)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,304 2,365
Trade creditors 42,966 25,474
Taxation and social security 41,099 29,045
Other creditors 12,547 17,727
102,916 74,611

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 24,657 -
Other creditors 3,981 9,952
28,638 9,952

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 50,495 50,667

Deferred
tax
£   
Balance at 1 October 2023 50,667
Provided during year (172 )
Balance at 30 September 2024 50,495

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40,000 Ordinary £1 40,000 40,000
2,500 A £1 2,500 2,500
2,500 B £1 2,500 2,500
2,500 C £1 2,500 2,500
2,500 D £1 2,500 2,500
50,000 50,000

12. RELATED PARTY DISCLOSURES

At the year end the directors were owed £213 (2023: £2,373).