Making Baking Consultants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09405673 (England and Wales)

Making Baking Consultants Limited

Unaudited Financial Statements

for the Year Ended 31 May 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R J Warren

Mrs J M Warren

REGISTERED OFFICE:

Lakeside Offices

The Old Cattle Market

Coronation Park

Helston

Cornwall

TR13 0SR

REGISTERED NUMBER:

09405673 (England and Wales)

ACCOUNTANTS:

Atkins Ferrie Chartered Accountants

Lakeside Offices

The Old Cattle Market

Coronation Park

Helston

Cornwall

TR13 0SR

FIXED ASSETS

Tangible assets

4

240

370

CURRENT ASSETS

Debtors

5

9,821

11,937

Cash at bank

26,071

3,758

35,892

15,695

CREDITORS

Amounts falling due within one year

6

13,576

15,807

NET CURRENT ASSETS/(LIABILITIES)

22,316

(112

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,556

258

CREDITORS

Amounts falling due after more than one year

7

21,473

-

NET ASSETS

1,083

258

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

981

156

1,083

258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 31 May 2022 and were signed on its behalf by:

Mr R J Warren - Director

1.	STATUTORY INFORMATION

Making Baking Consultants 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment

-

35% on reducing balance

Government grants

Government grants are recognised as income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Other forms of Government assistance from which the company has benefited are disclosed in the notes to the financial statements.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2020

and 31 May 2021

875

DEPRECIATION

At 1 June 2020

505

Charge for year

130

At 31 May 2021

635

NET BOOK VALUE

At 31 May 2021

240

At 31 May 2020

370

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

9,821

11,937

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

4,527

-

Taxation and social security

7,849

14,607

Other creditors

1,200

1,200

13,576

15,807

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

21,473

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2021 and 31 May 2020:

2021

2020

£

£

Mr R J Warren

Balance outstanding at start of year

11,936

13,048

Amounts advanced

86,030

41,244

Amounts repaid

(88,146

)

(42,356

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,820

11,936

The loan to the director is unsecured, interest free and repayable on demand.

9.	GOVERNMENT GRANTS

During the year, the company received a Government grant of £596 to cover interest on the initial period of a bank loan. This has been included within Other Operating Income.

During the year, the company took out a bank loan for which the Government have provided a 100% guarantee in respect of the outstanding balance. The balance outstanding at the Balance Sheet date is £26,000.