Dee Light Bakery Ltd - Accounts to registrar (filleted) - small 18.2
Dee Light Bakery Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2020 |
| FOR |
| DEE LIGHT BAKERY LTD |
| DEE LIGHT BAKERY LTD (REGISTERED NUMBER: 07665963) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| DEE LIGHT BAKERY LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| DEE LIGHT BAKERY LTD (REGISTERED NUMBER: 07665963) |
| BALANCE SHEET |
| 30TH JUNE 2020 |
| 2020 | 2019 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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. |
| DEE LIGHT BAKERY LTD (REGISTERED NUMBER: 07665963) |
| BALANCE SHEET - continued |
| 30TH JUNE 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| DEE LIGHT BAKERY LTD (REGISTERED NUMBER: 07665963) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| 1. | STATUTORY INFORMATION |
| Dee Light Bakery Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Intangible assets other than goodwill |
| Intangible assets acquired separately from a business are recognized at cost and are subsequently measured at cost less accumulated amortization. |
| Intangible assets acquired on business combinations are recognized separately from goodwill at the acquisition date where it is possible that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably. |
| Amortization is recognized so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis: |
| Development costs 20% on cost |
| 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 - 5% on cost |
| Fixtures and fittings - 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. |
| DEE LIGHT BAKERY LTD (REGISTERED NUMBER: 07665963) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Development |
| costs |
| £ |
| COST |
| At 1st July 2019 |
| and 30th June 2020 |
| AMORTISATION |
| At 1st July 2019 |
| Amortisation for year |
| At 30th June 2020 |
| NET BOOK VALUE |
| At 30th June 2020 |
| At 30th June 2019 |
| DEE LIGHT BAKERY LTD (REGISTERED NUMBER: 07665963) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and |
| property | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1st July 2019 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30th June 2020 |
| DEPRECIATION |
| At 1st July 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30th June 2020 |
| NET BOOK VALUE |
| At 30th June 2020 |
| At 30th June 2019 |
| 6. | STOCKS |
| 2020 | 2019 |
| £ | £ |
| Stocks |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors and prepayments |
| Tax |
| Social security and other tax | - | 4,890 |
| VAT |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | - | 4,172 |
| Other creditors and accruals |
| Director's current account | 22,928 | 1,859 |
| DEE LIGHT BAKERY LTD (REGISTERED NUMBER: 07665963) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2020 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans |
| Other loans |
| 10. | PROVISIONS FOR LIABILITIES |
| 2020 | 2019 |
| £ | £ |
| Deferred tax | 10,683 | - |
| Deferred |
| tax |
| £ |
| Accelerated capital allowance | 10,683 |
| Balance at 30th June 2020 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | 1 | 100 | 100 |
| 12. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st July 2019 |
| Deficit for the year | ( |
) |
| Dividends | ( |
) |
| At 30th June 2020 |
| 13. | RELATED PARTY DISCLOSURES |
| Director's current account balance due to Mrs D Monteleone are £22,928 (2019 £1,859) |
| 14. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by the director. |