Daily Bread (Rusthall) Ltd

Daily Bread (Rusthall) Ltd
Contents Page
For the year ended 31 October 2024

Statement of financial position	1
Notes to the financial statements	2

Registered Number: 08624129 Daily Bread (Rusthall) Ltd
Statement of Financial Position
As at 31 October 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	6,930	4,011
		6,930	4,011
Current assets
Stocks		5,000	4,250
Debtors		32,879	7,071
Cash at bank and in hand		6,145	235
		44,024	11,556
Creditors: amount falling due within one year		(45,966)	(21,745)
Net current assets		(1,942)	(10,189)

Total assets less current liabilities		4,988	(6,178)
Creditors: amount falling due after more than one year		(4,858)	(3,450)
Net assets		130	(9,628)

Capital and reserves
Called up share capital	4	100	100
Profit and loss account		30	(9,728)
Shareholders' funds		130	(9,628)

For the year ended 31 October 2024 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 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 31 October 2025 and were signed on its behalf by:

-------------------------------
Joseph Perry
Director

1

Daily Bread (Rusthall) Ltd
Notes to the Abridged Financial Statements
For the year ended 31 October 2024

General Information

Daily Bread (Rusthall) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08624129, registration address 27-29 Rusthall High Street, Tunbridge Wells, Kent, TN4 8RL.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – 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.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

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:

Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 6 (2023 : 9).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 November 2023	-	21,263	153	21,416
Additions	4,800	-	428	5,228
Disposals	-	-	-	-
At 31 October 2024	4,800	21,263	581	26,644
Depreciation
At 01 November 2023	-	17,338	67	17,405
Charge for year	1,200	981	128	2,309
On disposals	-	-	-	-
At 31 October 2024	1,200	18,319	195	19,714
Net book values
Closing balance as at 31 October 2024	3,600	2,944	386	6,930
Opening balance as at 01 November 2023	-	3,925	86	4,011

4.

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
100 Class A shares of £1.00 each	100		100
	100		100

2

Registered Number: 08624129
England and Wales
DAILY BREAD (RUSTHALL) LTD

Abridged Accounts

Period of accounts Start date: 01 November 2023 End date: 31 October 2024