The Original Cake Company Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06590295

THE ORIGINAL CAKE COMPANY LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 January 2025

THE ORIGINAL CAKE COMPANY LTD

STATEMENT OF FINANCIAL POSITION

31 January 2025

	2025	2024
Note	£	£

FIXED ASSETS

Tangible assets	6	609,505	341,898

CURRENT ASSETS

Stocks		394,035	442,669
Debtors	7	1,055,515	970,214
Investments	8	40	40
Cash at bank and in hand		164,586	124,298
		------------	------------
		1,614,176	1,537,221

CREDITORS: amounts falling due within one year	9	1,063,913	858,309
		------------	------------
NET CURRENT ASSETS		550,263	678,912
		------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES		1,159,768	1,020,810

CREDITORS: amounts falling due after more than one year	10	495,614	410,408

PROVISIONS

Taxation including deferred tax	69,358	42,016
	------------	------------
NET ASSETS	594,796	568,386
	------------	------------

CAPITAL AND RESERVES

Called up share capital	25,396	25,396
Share premium account	95,238	95,238
Profit and loss account	474,162	447,752
	---------	---------
SHAREHOLDERS FUNDS	594,796	568,386
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

THE ORIGINAL CAKE COMPANY LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 30 October 2025 , and are signed on behalf of the board by:

Mr S K Woodiwiss
Director

Company registration number: 06590295

THE ORIGINAL CAKE COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 4, Pioneer Business Park, Lincoln, LN6 3DH.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property improvements	-	20% reducing balance
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor Vehicles	-	25% reducing balance
Office equipment	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 40 (2024: 38 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 February 2024 and 31 January 2025	52,728
	--------
Amortisation
At 1 February 2024 and 31 January 2025	52,728
	--------
Carrying amount
At 31 January 2025	–
	--------
At 31 January 2024	–
	--------

6. TANGIBLE ASSETS

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 February 2024	186,660	443,822	26,168	90,985	59,843	807,478
Additions	3,503	23,616	7,750	354,107	1,468	390,444
	---------	---------	--------	---------	--------	------------
At 31 January 2025	190,163	467,438	33,918	445,092	61,311	1,197,922
	---------	---------	--------	---------	--------	------------
Depreciation
At 1 February 2024	133,999	235,436	20,325	40,345	35,475	465,580
Charge for the year	10,532	34,800	2,719	69,619	5,167	122,837
	---------	---------	--------	---------	--------	------------
At 31 January 2025	144,531	270,236	23,044	109,964	40,642	588,417
	---------	---------	--------	---------	--------	------------
Carrying amount
At 31 January 2025	45,632	197,202	10,874	335,128	20,669	609,505
	---------	---------	--------	---------	--------	------------
At 31 January 2024	52,661	208,386	5,843	50,640	24,368	341,898
	---------	---------	--------	---------	--------	------------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	422,363	337,596
Other debtors	633,152	632,618
	------------	---------
	1,055,515	970,214
	------------	---------

8. INVESTMENTS

	2025	2024
	£	£
Other investments	40	40
	----	----

9. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	161,139	112,938
Trade creditors	546,156	491,486
Corporation tax	83,173	71,884
Social security and other taxes	78,598	67,195
Other creditors	194,847	114,806
	------------	---------
	1,063,913	858,309
	------------	---------

10. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	233,238	355,780
Other creditors	262,376	54,628
	---------	---------
	495,614	410,408
	---------	---------

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr S K Woodiwiss	( 41,515)	( 3,313)	( 44,828)
	--------	-------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr S K Woodiwiss	( 19,249)	( 22,266)	( 41,515)
	--------	--------	--------

12. RELATED PARTY TRANSACTIONS

13. CONTROLLING PARTY

The ultimate controlling party is Two Bald Bakers Ltd, Company Number 12502908, Registered England & Wales.