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Company Registration No. 07782989 (England and Wales)
Terry's Patisserie Limited Accounts for the year ended 30 April 2025
Terry's Patisserie Limited Accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Terry's Patisserie Limited Company Information for the year ended 30 April 2025
Directors
R Williams S K Williams
Company Number
07782989 (England and Wales)
Registered Office
Ty Allforall Euro Business Park Angel Lane Aberbargoed Caerphilly CF81 9AG
Accountants
R H Jeffs & Rowe Ltd 27-28 Gelliwastad Road Pontypridd CF37 2BW
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Terry's Patisserie Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
51,463
54,640
Tangible assets
5
254,528
251,018
305,991
305,658
Current assets
Inventories
135,993
98,417
Debtors
6
175,472
145,467
Cash at bank and in hand
74,401
142,215
385,866
386,099
Creditors: amounts falling due within one year
7
(259,261)
(193,652)
Net current assets
126,605
192,447
Total assets less current liabilities
432,596
498,105
Creditors: amounts falling due after more than one year
8
(98,156)
(183,315)
Net assets
334,440
314,790
Capital and reserves
Called up share capital
100,000
100,000
Profit and loss account
234,440
214,790
Shareholders' funds
334,440
314,790
For the year ending 30 April 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2025 and were signed on its behalf by
S K Williams Director Company Registration No. 07782989
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Terry's Patisserie Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Terry's Patisserie Limited is a private company, limited by shares, registered in England and Wales, registration number 07782989. The registered office is Ty Allforall Euro Business Park, Angel Lane, Aberbargoed, Caerphilly, CF81 9AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
10% Straight Line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Terry's Patisserie Limited Notes to the Accounts for the year ended 30 April 2025
4
Intangible fixed assets
Other
£
Cost
At 1 May 2024
77,200
Additions
4,620
At 30 April 2025
81,820
Amortisation
At 1 May 2024
22,560
Charge for the year
7,797
At 30 April 2025
30,357
Net book value
At 30 April 2025
51,463
At 30 April 2024
54,640
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 May 2024
175,595
82,148
149,121
406,864
Additions
31,940
2,000
22,364
56,304
At 30 April 2025
207,535
84,148
171,485
463,168
Depreciation
At 1 May 2024
85,572
10,702
59,572
155,846
Charge for the year
19,270
18,028
15,496
52,794
At 30 April 2025
104,842
28,730
75,068
208,640
Net book value
At 30 April 2025
102,693
55,418
96,417
254,528
At 30 April 2024
90,023
71,446
89,549
251,018
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
12,759
9,961
Trade debtors
157,142
132,286
Accrued income and prepayments
4,101
1,750
Other debtors
1,470
1,470
175,472
145,467
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Terry's Patisserie Limited Notes to the Accounts for the year ended 30 April 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
48,158
67,247
Obligations under finance leases and hire purchase contracts
20,730
-
Trade creditors
129,373
92,262
Taxes and social security
19,339
3,538
Other creditors
2,812
1,128
Loans from directors
24,000
24,000
Accruals
14,849
4,804
Deferred income
-
673
259,261
193,652
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
63,956
99,858
Obligations under finance leases and hire purchase contracts
34,200
83,457
98,156
183,315
9
Average number of employees
During the year the average number of employees was 19 (2024: 18).
- 7 -