Registered number
00857795
Thomas Cakebread Ltd
Filleted Accounts
31 December 2024
Thomas Cakebread Ltd
Registered number: 00857795
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,984 13,979
Current assets
Stocks 3,158 4,394
Debtors 4 19,582 13,689
22,740 18,083
Creditors: amounts falling due within one year 5 (39,094) (39,772)
Net current liabilities (16,354) (21,689)
Net assets/(liabilities) 1,630 (7,710)
Capital and reserves
Called up share capital 1,600 1,600
Profit and loss account 30 (9,310)
Shareholders' funds 1,630 (7,710)
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.
J E Else
Director
Approved by the board on 14 August 2025
Thomas Cakebread Ltd
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.
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 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.
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 11 9
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 96,630 28,333 124,963
Additions - 10,000 10,000
At 31 December 2024 96,630 38,333 134,963
Depreciation
At 1 January 2024 88,586 22,398 110,984
Charge for the year 2,011 3,984 5,995
At 31 December 2024 90,597 26,382 116,979
Net book value
At 31 December 2024 6,033 11,951 17,984
At 31 December 2023 8,044 5,935 13,979
4 Debtors 2024 2023
£ £
Trade debtors 19,582 13,689
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 22,820 27,972
Trade creditors 10,077 3,811
Taxation and social security costs 9,073 4,694
Other creditors (2,876) 3,295
39,094 39,772
6 Other information
Thomas Cakebread Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Temperance House
Langdon Lane
Radway
Warwickshire
CV35 0UQ
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