A Piece of Cake (Gogledd Cymru) Cyf - Accounts to registrar (filleted)

REGISTERED NUMBER: 11169562 (Wales)

A PIECE OF CAKE (GOGLEDD CYMRU) CYF

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

B Powell Esq

Mrs S E Powell

REGISTERED OFFICE:

23 Trinity Square

LLANDUDNO

Conwy

LL30 2RH

REGISTERED NUMBER:

11169562 (Wales)

ACCOUNTANTS:

Hawley and Company

Chartered Accountants & Chartered Tax Advisers

First Floor Suite

23 Trinity Square

LLANDUDNO

North Wales

LL30 2RH

FIXED ASSETS

Intangible assets

4

11,084

14,584

Tangible assets

5

294,804

308,772

305,888

323,356

CURRENT ASSETS

Stocks

500

Debtors

6

2,051

1,175

Cash at bank and in hand

10,837

12,387

13,388

14,062

CREDITORS

Amounts falling due within one year

7

31,045

29,584

NET CURRENT LIABILITIES

(17,657

)

(15,522

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

288,231

307,834

CREDITORS

Amounts falling due after more than one year

8

(58,382

)

(79,665

)

PROVISIONS FOR LIABILITIES

9

(1,848

)

(3,004

)

NET ASSETS

228,001

225,165

CAPITAL AND RESERVES

Called up share capital

10

2

Retained earnings

227,999

225,163

SHAREHOLDERS' FUNDS

228,001

225,165

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 26 July 2025 and were signed on its behalf by:

B Powell Esq - Director

1.	STATUTORY INFORMATION

A Piece of Cake (Gogledd Cymru) Cyf is a private company, limited by shares , registered in 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.

Revenue recognition

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

Pension contributions paid on behalf of employees are charged against profits in the accounting period in which they are paid.

Trade and other debtors

Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

Trade and other creditors

Trade and other creditors are initially recognised at their transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

35,000

AMORTISATION

At 1 January 2024

20,416

Charge for year

3,500

At 31 December 2024

23,916

NET BOOK VALUE

At 31 December 2024

11,084

At 31 December 2023

14,584

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

249,184

128,438

377,622

Additions

-

406

At 31 December 2024

249,184

128,844

378,028

DEPRECIATION

At 1 January 2024

-

68,850

Charge for year

-

14,374

At 31 December 2024

-

83,224

NET BOOK VALUE

At 31 December 2024

249,184

45,620

294,804

At 31 December 2023

249,184

59,588

308,772

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

2,051

1,175

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

4,000

Hire purchase contracts

4,533

Trade creditors

1,012

44

Tax

10,571

9,159

Social security and other taxes

8,097

7,762

Other creditors

140

Accrued expenses

2,692

3,946

31,045

29,584

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loan

21,505

25,775

Hire purchase contracts

33,601

38,134

Directors' loan account

3,276

15,756

58,382

79,665

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

1,848

3,004

Deferred

tax

£

Balance at 1 January 2024

3,004

Accelerated capital allowances

(1,156

)

Balance at 31 December 2024

1,848

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

2

Ordinary

£1

2