Bakers Delight Ipswich Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05506645 (England and Wales)

BAKERS DELIGHT IPSWICH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2018

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

6

Directors:

Mrs L Turner

M J Beer

Secretary:

Mrs L Turner

Registered office:

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

Registered number:

05506645 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Town Wall House

Balkerne Hill

Colchester

Essex

CO3 3AD

Fixed assets

Tangible assets

4

8,474

9,091

Current assets

Stocks

2,300

2,150

Debtors

5

6,435

6,725

Cash at bank and in hand

13,227

10,099

21,962

18,974

Creditors

Amounts falling due within one year

6

(47,780

)

(35,204

)

Net current liabilities

(25,818

)

(16,230

)

Total assets less current liabilities

(17,344

)

(7,139

)

Provisions for liabilities

(1,610

)

(1,818

)

Net liabilities

(18,954

)

(8,957

)

Capital and reserves

Called up share capital

2

2

Retained earnings

(18,956

)

(8,959

)

Shareholders' funds

(18,954

)

(8,957

)

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

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

The directors acknowledge their 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 April 2019 and were signed on its behalf by:

Mrs L Turner - Director

1.	Statutory information

Bakers Delight Ipswich Limited is a private company, limited by shares , registered in England and Wales. 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.

Freehold property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Computer equipment

-

25% on 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 8 (2017 - 7 ) .

4.	Tangible fixed assets

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

Cost

At 1 August 2017

640

15,130

375

16,145

Additions

-

741

-

741

At 31 July 2018

640

15,871

375

16,886

Depreciation

At 1 August 2017

221

6,688

145

7,054

Charge for year

42

1,281

35

1,358

At 31 July 2018

263

7,969

180

8,412

Net book value

At 31 July 2018

377

7,902

195

8,474

At 31 July 2017

419

8,442

230

9,091

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

6,435

4,480

Other debtors

-

2,245

6,435

6,725

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Trade creditors

-

1,171

Taxation and social security

1,906

374

Other creditors

45,874

33,659

47,780

35,204

7.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2018 and

31 July 2017:

2018

2017

£

£

Mrs L Turner

Balance outstanding at start of year

31,149

22,316

Amounts advanced

8,041

8,833

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

39,190

31,149

The above Directors advance is unsecured, interest free and will be repaid with in nine months of the year

end.

8.	Ultimate controlling party

The company is ultimately controlled equally by Mr M Beer and Mrs L Turner