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REGISTERED NUMBER: 07394725 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st October 2024

for

London Agege Bread Bakers Limited

London Agege Bread Bakers Limited (Registered number: 07394725)






Contents of the Financial Statements
For The Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


London Agege Bread Bakers Limited

Company Information
For The Year Ended 31st October 2024







DIRECTOR: A Ayantuga





SECRETARY: Mrs O Oshodi





REGISTERED OFFICE: Unit 17
Anchorage Point
90 Anchor & Hopelane
London
SE7 7SQ





REGISTERED NUMBER: 07394725 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

London Agege Bread Bakers Limited (Registered number: 07394725)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,353 -
Property, plant and equipment 5 188,156 205,897
189,509 205,897

CURRENT ASSETS
Inventories 3,000 3,000
Debtors 6 86,241 42,800
Cash at bank and in hand 289,786 207,162
379,027 252,962
CREDITORS
Amounts falling due within one year 7 148,936 98,161
NET CURRENT ASSETS 230,091 154,801
TOTAL ASSETS LESS CURRENT LIABILITIES 419,600 360,698

CREDITORS
Amounts falling due after more than one year 8 25,142 30,787
NET ASSETS 394,458 329,911

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 394,358 329,811
394,458 329,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28th July 2025 and were signed by:





A Ayantuga - Director


London Agege Bread Bakers Limited (Registered number: 07394725)

Notes to the Financial Statements
For The Year Ended 31st October 2024

1. STATUTORY INFORMATION

London Agege Bread Bakers 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.

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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 12.50% Reducing balance method
Fixture and fittings - 12.50% Reducing balance method
Motor vehicles - 12.50% Reducing balance method
Office Equipment - 12.50% Reducing balance method

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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
Rentals paid under operating leases are charged to profit or loss 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 9 ) .

London Agege Bread Bakers Limited (Registered number: 07394725)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,530
At 31st October 2024 1,530
AMORTISATION
Charge for year 177
At 31st October 2024 177
NET BOOK VALUE
At 31st October 2024 1,353

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st November 2023 16,025 524,760 540,785
Additions - 6,236 6,236
At 31st October 2024 16,025 530,996 547,021
DEPRECIATION
At 1st November 2023 - 334,888 334,888
Charge for year - 23,977 23,977
At 31st October 2024 - 358,865 358,865
NET BOOK VALUE
At 31st October 2024 16,025 172,131 188,156
At 31st October 2023 16,025 189,872 205,897

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 85,491 42,050
Other debtors 750 750
86,241 42,800

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,514 5,514
Trade creditors 77,388 19,106
Taxation and social security 36,938 64,010
Other creditors 29,096 9,531
148,936 98,161

London Agege Bread Bakers Limited (Registered number: 07394725)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 25,142 30,787