Wandsworth Bakehouse Ltd - Limited company accounts 18.2

REGISTERED NUMBER: 09846224

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 October 2018

for

Wandsworth Bakehouse Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

S Troy

SECRETARY:

REGISTERED OFFICE:

186 Garratt Lane

Wandsworth

London

SW18 4ED

REGISTERED NUMBER:

09846224

ACCOUNTANTS:

MSS Accountancy Services Ltd

103 Victoria Drive

Wimbledon

London

SW19 6PT

The director presents his report with the financial statements of the company for the year ended 31 October 2018.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of selling food and beverages to the general

public.

DIRECTOR

S Troy held office during the whole of the period from 1 November 2017 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

S Troy - Director

31 July 2019

TURNOVER

31,935

34,671

Cost of sales

3,867

4,300

GROSS PROFIT

28,068

30,371

Administrative expenses

39,126

44,516

(11,058

)

(14,145

)

Other operating income

12,000

OPERATING PROFIT/(LOSS)

4

942

(2,145

)

Interest payable and similar expenses

365

310

PROFIT/(LOSS) BEFORE TAXATION

577

(2,455

)

Tax on profit/(loss)

-

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

577

(2,455

)

FIXED ASSETS

Tangible assets

5

318

2,622

CREDITORS

Amounts falling due within one year

6

16,852

19,733

NET CURRENT LIABILITIES

(16,852

)

(19,733

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,534

)

(17,111

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(16,536

)

(17,113

)

SHAREHOLDERS' FUNDS

(16,534

)

(17,111

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 July 2019 and were signed by:

S Troy - Director

1.	STATUTORY INFORMATION

Wandsworth Bakehouse Ltd is a private company, limited by shares , registered in Not specified/Other. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	OPERATING PROFIT/(LOSS)

The operating profit (2017 - operating loss) is stated after charging:

31.10.18

31.10.17

£

Depreciation - owned assets

2,304

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2017

and 31 October 2018

6,924

DEPRECIATION

At 1 November 2017

4,302

Charge for year

2,304

At 31 October 2018

6,606

NET BOOK VALUE

At 31 October 2018

318

At 31 October 2017

2,622

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

Trade creditors

1,050

1,200

Taxation and social security

-

(62

)

Other creditors

15,802

18,595

16,852

19,733