Cupcake Bakery Ltd - Filleted accounts

Cupcake Bakery Ltd - Filleted accounts

CUPCAKE BAKERY LTD - Company Information

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Registered number
SC528498
Cupcake Bakery Ltd
Filleted Accounts
31 March 2019
Cupcake Bakery Ltd
Registered number: SC528498
Balance Sheet
as at 31 March 2019
Notes 2019 2018
£ £
Fixed assets
Tangible assets 2 2,914 3,428
Current assets
Cash at bank and in hand 14,211 2,215
Creditors: amounts falling due within one year 3 (15,060) (12,789)
Net current liabilities (849) (10,574)
Net assets/(liabilities) 2,065 (7,146)
Capital and reserves
Profit and loss account 2,065 (7,146)
Shareholders' funds 2,065 (7,146)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Lowe
Director
Approved by the board on 10 May 2019
Cupcake Bakery Ltd
Notes to the Accounts
for the year ended 31 March 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows:
Fixtures, fittings, tools and equipment 15% on a Reducing Balance basis
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax asset is recognised in respect of a tax loss that can be carried forwards to future periods.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2018 4,840
At 31 March 2019 4,840
Depreciation
At 1 April 2018 1,412
Charge for the year 514
At 31 March 2019 1,926
Net book value
At 31 March 2019 2,914
At 31 March 2018 3,428
3 Creditors: amounts falling due within one year 2019 2018
£ £
Other creditors 15,060 12,789
4 Other information
Cupcake Bakery Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
c/o SmarterTax Ltd
1 Victoria Road
Kirkcaldy
Fife
KY1 1DT
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