| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
260,996 |
|
|
272,629 |
| Current assets |
|
1,611 |
|
|
27,560 |
|
| Creditors: amount falling due within one year |
|
(100,803) |
|
|
(31,040) |
|
|
Net current assets
|
|
|
(99,192)
|
|
|
(3,480)
|
|
Total assets less current liabilities
|
|
|
161,804 |
|
|
269,149 |
| Creditors: amount falling due after more than one year |
|
|
(166,794) |
|
|
(189,876) |
|
Net assets
|
|
|
(4,990) |
|
|
79,273 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(4,990) |
|
|
79,273 |
| |
NOTES TO THE ACCOUNTS
General Information
Baking Waves Ltd is a private company, limited by shares, registered in England and Wales, registration number 07033507, registration address Jasmine Cottage, Smallridge, Newbury, Berkshire, RG20 0LH.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
4% Straight Line |
| Computer Equipment |
33.33% Straight Line
|
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 April 2024 |
283,691 |
|
859 |
|
284,550 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
283,691 |
|
859 |
|
284,550 |
| Depreciation |
| At 01 April 2024 |
11,348 |
|
573 |
|
11,921 |
| Charge for year |
11,347 |
|
286 |
|
11,633 |
| On disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
22,695 |
|
859 |
|
23,554 |
| Net book values |
| Closing balance as at 31 March 2025 |
260,996 |
|
- |
|
260,996 |
| Opening balance as at 01 April 2024 |
272,343 |
|
286 |
|
272,629 |
|
| 3. |
Average number of employees
Average number of employees during the year was 4 (2024 : 1).
|
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 24 September 2025 and were signed on its behalf by: --------------------------------
Barbara MILES
Director |
2
|