GOOD IN BREAD LIMITED

Company Registration Number:
12353330 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

GOOD IN BREAD LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

GOOD IN BREAD LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 10,774 0
Tangible assets: 4 44,500 48,814
Total fixed assets: 55,274 48,814
Current assets
Stocks: 11,564 12,448
Debtors: 5 46,686 57,260
Cash at bank and in hand: 534 11,040
Total current assets: 58,784 80,748
Creditors: amounts falling due within one year: 6 (912,414) (529,363)
Net current assets (liabilities): (853,630) (448,615)
Total assets less current liabilities: (798,356) (399,801)
Total net assets (liabilities): (798,356) (399,801)
Capital and reserves
Called up share capital: 3 3
Share premium account: 399,998 399,998
Profit and loss account: (1,198,357) (799,802)
Shareholders funds: (798,356) (399,801)

The notes form part of these financial statements

GOOD IN BREAD LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 August 2025
and signed on behalf of the board by:

Name: Emily Caron
Status: Director

The notes form part of these financial statements

GOOD IN BREAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GOOD IN BREAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 4 4

GOOD IN BREAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 0
Additions 11,341
At 31 December 2024 11,341
Amortisation
At 01 January 2024 0
Charge for year 567
At 31 December 2024 567
Net book value
At 31 December 2024 10,774
At 31 December 2023 0

GOOD IN BREAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 70,048
Additions 63,855
Disposals (49,524)
At 31 December 2024 84,379
Depreciation
At 01 January 2024 21,234
Charge for year 24,034
On disposals (5,389)
At 31 December 2024 39,879
Net book value
At 31 December 2024 44,500
At 31 December 2023 48,814

GOOD IN BREAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 46,686 57,260

GOOD IN BREAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

Trade creditors: - 2024: £13,576 - 2023: £17,734 Amounts owed to group undertakings - 2024: £849,164 - 2023: £468,954 Other taxation and social security - 2024: £5,783 -2032: £0 Other creditors -2024: £6,672 - 2023: £4,622 Accruals and deferred income - 2024: £37,219 - 2023: £38,053 Amounts owed to group undertakings are unsecured and attract an interest rate of 4.80% (2023: 4.80%) and are repayable on demand. Included in Other creditors is a balance related to the Directors' loan accounts of £5,282 (2023: £3,804).

GOOD IN BREAD LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Related party transactions

Name of the related party:
Relationship:
Subsidiary
Description of the Transaction: Good in Bread Limited is a 60% subsidiary of Norac Foods UK Holdings Limited. At the end of the year, the Company owed £849,164 (2023: £468,954) to Norac Foods UK Holdings Limited. This balance consists of the loans provided and the interest charged on those loans. At the end of the year, the Company had the following transactions with related parties:
£
Balance at 01 January 2024 468,954
Balance at 31 December 2024 849,164