HARVEST BAKERY LTD - Accounts

HARVEST BAKERY LTD - Company Information

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Registered Number: 08964263

England and Wales

HARVEST BAKERY LTD

Abridged Accounts

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

HARVEST BAKERY LTD
Contents Page
For the year ended 31 March 2020

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

HARVEST BAKERY LTD Accountants' Report For the year ended 31 March 2020
Accountants report You consider that the company is exempt from an audit for the year ended 31 March 2020 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. aa Chartered Accountants 31 March 2020 .................................................... aa Chartered Accountants 6 Blenheim Court Peppercorn Close Peterborough PE1 2DU 04 December 2020 1

HARVEST BAKERY LTD
Accountants' Report
For the year ended 31 March 2020

Accountants report
You consider that the company is exempt from an audit for the year ended 31 March 2020 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
aa Chartered Accountants
31 March 2020

....................................................
aa Chartered Accountants
6 Blenheim Court
Peppercorn Close
Peterborough
PE1 2DU
04 December 2020

HARVEST BAKERY LTD
Statement of Financial Position
As at 31 March 2020

	Notes	2020 £	2019 £
Fixed assets
Tangible fixed assets	2	184,680	139,413
		184,680	139,413
Current assets
Stocks		8,974	7,252
Debtors		39,004	28,352
Cash at bank and in hand		14,371	11,823
		62,349	47,427
Creditors: amount falling due within one year		(43,725)	(63,348)
Net current assets		18,624	(15,921)

Total assets less current liabilities		203,304	123,492
Creditors: amount falling due after more than one year		(12,666)	(9,236)
Provisions for liabilities		(33,675)	(16,055)
Net assets		156,963	98,201

Capital and reserves
Called up share capital		120	120
Profit and loss account		156,843	98,081
Shareholders funds		156,963	98,201

For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
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

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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 04 December 2020 and were signed on its behalf by:

--------------------------------
Ruslans Pancenko
Director

HARVEST BAKERY LTD
Notes to the Abridged Financial Statements
For the year ended 31 March 2020

General Information

HARVEST BAKERY LTD is a private company, limited by shares, registered in England and Wales, registration number 08964263, registration address 6 Blenheim Court, Peppercorn Close, Peterborough, PE1 2DU

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	15% Reducing Balance
Computer Equipment	33% Reducing Balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 April 2019	128,036	105,349	1,225	4,237	238,847
Additions	39,856	56,364	-	1,420	97,640
Disposals	-	(33,449)	-	-	(33,449)
At 31 March 2020	167,892	128,264	1,225	5,657	303,038
Depreciation
At 01 April 2019	63,479	33,403	442	2,112	99,436
Charge for year	15,182	12,603	104	516	28,405
On disposals	-	(9,483)	-	-	(9,483)
At 31 March 2020	78,661	36,523	546	2,628	118,358
Net book values
Closing balance as at 31 March 2020	89,231	91,741	679	3,029	184,680
Opening balance as at 01 April 2019	61,804	74,248	783	2,578	139,413

3.	Average number of employees The average monthly number of persons (including directors) employed by the company during the year was 32 (2019 - 32). The average monthly number of employees, including directors, during the year/period was 32 (2019 : 32)