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Company Registration No. SC445894 (Scotland)
The Three Little Bakers Ltd Unaudited accounts for the year ended 30 April 2025
The Three Little Bakers Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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The Three Little Bakers Ltd Company Information for the year ended 30 April 2025
Directors
P Murphy J Murphy
Company Number
SC445894 (Scotland)
Registered Office
39-41 Harbour Road Inverness IV1 1UA
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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The Three Little Bakers Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
221,839
266,846
Current assets
Inventories
21,200
16,000
Debtors
117,980
86,960
Cash at bank and in hand
143,459
113,026
282,639
215,986
Creditors: amounts falling due within one year
(150,561)
(122,521)
Net current assets
132,078
93,465
Total assets less current liabilities
353,917
360,311
Creditors: amounts falling due after more than one year
(2,688)
(23,564)
Provisions for liabilities
Deferred tax
(43,257)
(45,795)
Net assets
307,972
290,952
Capital and reserves
Called up share capital
2
2
Profit and loss account
307,970
290,950
Shareholders' funds
307,972
290,952
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 5 March 2026 and were signed on its behalf by
P Murphy Director Company Registration No. SC445894
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The Three Little Bakers Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
The Three Little Bakers Ltd is a private company, limited by shares, registered in Scotland, registration number SC445894. The registered office is 39-41 Harbour Road, Inverness, IV1 1UA.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
10% straight line
Plant & machinery
20% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
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The Three Little Bakers Ltd Notes to the Accounts for the year ended 30 April 2025
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.
4
Intangible fixed assets
Total
£
Cost
At 1 May 2024
97,725
At 30 April 2025
97,725
Amortisation
At 1 May 2024
97,725
At 30 April 2025
97,725
Net book value
At 30 April 2025
-
5
Tangible fixed assets
Total
£
Cost or valuation
At 1 May 2024
574,300
Additions
55,803
Disposals
(19,510)
At 30 April 2025
610,593
Depreciation
At 1 May 2024
307,454
Charge for the year
98,146
On disposals
(16,846)
At 30 April 2025
388,754
Net book value
At 30 April 2025
221,839
At 30 April 2024
266,846
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
-
22,658
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The Three Little Bakers Ltd Notes to the Accounts for the year ended 30 April 2025
6
Operating lease commitments
2025
2024
£
£
At 30 April 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
10,500
2,188
Later than one year and not later than five years
142,750
106,250
153,250
108,438
7
Average number of employees
During the year the average number of employees was 36 (2024: 35).
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