Registered number
03001131
Evershot Bakery Limited
Filleted Accounts
31 December 2024
Evershot Bakery Limited
Registered number: 03001131
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 38,916 45,271
Current assets
Stocks 31,281 26,268
Debtors 5 49,264 52,705
Cash at bank and in hand 61,398 8,449
141,943 87,422
Creditors: amounts falling due within one year 6 (69,173) (57,314)
Net current assets 72,770 30,108
Total assets less current liabilities 111,686 75,379
Creditors: amounts falling due after more than one year 7 (5,941) (10,064)
Provisions for liabilities (8,393) (8,472)
Net assets 97,352 56,843
Capital and reserves
Called up share capital 100 3
Profit and loss account 97,252 56,840
Shareholders' funds 97,352 56,843
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. S. Crate
Director
Approved by the board on 30 June 2025
Evershot Bakery Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery etc 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 30 30
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 64,250
At 31 December 2024 64,250
Amortisation
At 1 January 2024 64,250
At 31 December 2024 64,250
Net book value
At 31 December 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 8,699 132,131 67,193 208,023
Additions - 5,374 - 5,374
At 31 December 2024 8,699 137,505 67,193 213,397
Depreciation
At 1 January 2024 4,972 121,024 36,756 162,752
Charge for the year - 4,120 7,609 11,729
At 31 December 2024 4,972 125,144 44,365 174,481
Net book value
At 31 December 2024 3,727 12,361 22,828 38,916
At 31 December 2023 3,727 11,107 30,437 45,271
5 Debtors 2024 2023
£ £
Trade debtors 44,505 46,548
Other debtors 4,759 6,157
49,264 52,705
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 16,227
Obligations under finance lease and hire purchase contracts 4,122 3,856
Trade creditors 25,964 25,060
Taxation and social security costs 35,043 12,131
Other creditors 4,044 40
69,173 57,314
7 Creditors: amounts falling due after one year 2024 2023
£ £
Non-equity preference shares - 1
Obligations under finance lease and hire purchase contracts 5,941 10,063
5,941 10,064
8 Related party transactions
An allotment,cancellation and transfer of shares took place on 1st March 2024 that resulted in 25 ordinary shares being owned by Mr. S. Crate, 25 shares being owned by Mrs. J. Crate and 50 shares being owned by Mr. P. Crate.
9 Controlling party
The controlling parties at 31st December 2024 were Mr. S. Crate, Mrs. J. Crate and by Mr. P. Crate. Mr. S & Mrs J. Crate each own 25% of the share capital and Mr. P. Crate 50%.
10 Other information
Evershot Bakery Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 Fore Street
Evershot
Dorchester
Dorset
DT2 0JW
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