Sweet Tooth Bakery Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13025312

SWEET TOOTH BAKERY LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDING

27 November 2024

SWEET TOOTH BAKERY LTD

STATEMENT OF FINANCIAL POSITION

27 November 2024

	2024		2023
Note	£	£	£

FIXED ASSETS

Tangible assets	5		13,950	7,918

CURRENT ASSETS

Stocks		6,000	5,500
Debtors	6	41,183	15,906
Cash at bank and in hand		4,221	170
		--------	--------
		51,404	21,576

CREDITORS: amounts falling due within one year	7	( 39,502)		( 26,964)
		--------		--------
NET CURRENT ASSETS/(LIABILITIES)			11,902	( 5,388)
			--------	-------
TOTAL ASSETS LESS CURRENT LIABILITIES			25,852	2,530

CREDITORS: amounts falling due after more than one year	8	( 25,723)	( 339)
		--------	-------
NET ASSETS		129	2,191
		--------	-------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	128	2,190
	----	-------
SHAREHOLDERS FUNDS	129	2,191
	----	-------

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 period ending 27 November 2024 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 period 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 .

SWEET TOOTH BAKERY LTD

STATEMENT OF FINANCIAL POSITION (continued)

27 November 2024

These financial statements were approved by the board of directors and authorised for issue on 27 November 2025 , and are signed on behalf of the board by:

C Stalbow
Director

Company registration number: 13025312

SWEET TOOTH BAKERY LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD ENDED 27 NOVEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22 Bridge End, Leeds, LS1 4DJ.

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

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.

Income tax

Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.

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:

Plant and machinery	-	5 years
Equipment	-	5 years

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.

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 and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 7 (2023: 6 ).

5. TANGIBLE ASSETS

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 29 November 2023	11,450	1,000	12,450
Additions	10,500	152	10,652
	--------	-------	--------
At 27 November 2024	21,950	1,152	23,102
	--------	-------	--------
Depreciation
At 29 November 2023	3,932	600	4,532
Charge for the period	4,390	230	4,620
	--------	-------	--------
At 27 November 2024	8,322	830	9,152
	--------	-------	--------
Carrying amount
At 27 November 2024	13,628	322	13,950
	--------	-------	--------
At 28 November 2023	7,518	400	7,918
	--------	-------	--------

6. DEBTORS

	2024	2023
	£	£
Trade debtors	36,617	13,770
Other debtors	4,566	2,136
	--------	--------
	41,183	15,906
	--------	--------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	30,028	21,217
Corporation tax	3,731	1,976
Social security and other taxes	4,043	2,271
Other creditors	1,700	1,500
	--------	--------
	39,502	26,964
	--------	--------

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

	2024	2023
	£	£
Bank loans and overdrafts	38,012	–
Other creditors	( 12,289)	339
	--------	----
	25,723	339
	--------	----