Company Registration No. 12981892 (England and Wales)
H's Bakery Ltd
Unaudited accounts
for the year ended 31 October 2023
H's Bakery Ltd
Unaudited accounts
Contents
H's Bakery Ltd
Company Information
for the year ended 31 October 2023
Directors
Alice Mary Fleming
Daniel John Fleming
Company Number
12981892 (England and Wales)
Registered Office
The Piece Hall
Halifax
West Yorkshire
HX1 1RE
England
Accountants
True North Accountancy Ltd
19 Forest Crescent
Illingworth
Halifax
West Yorkshire
HX2 8DS
H's Bakery Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
11,555
13,994
Cash at bank and in hand
12,625
5,522
Creditors: amounts falling due within one year
(22,652)
(39,462)
Net current assets/(liabilities)
4,792
(10,804)
Total assets less current liabilities
16,347
3,190
Provisions for liabilities
Deferred tax
(2,195)
(2,651)
Called up share capital
2
2
Profit and loss account
14,150
537
Shareholders' funds
14,152
539
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by
Alice Mary Fleming
Director
Company Registration No. 12981892
H's Bakery Ltd
Notes to the Accounts
for the year ended 31 October 2023
H's Bakery Ltd is a private company, limited by shares, registered in England and Wales, registration number 12981892. The registered office is The Piece Hall, Halifax, West Yorkshire, HX1 1RE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
H's Bakery Ltd
Notes to the Accounts
for the year ended 31 October 2023
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
9,352
11,794
920
22,066
Additions
1,157
255
-
1,412
At 31 October 2023
10,509
12,049
920
23,478
At 1 November 2022
3,361
4,542
169
8,072
Charge for the year
1,786
1,878
187
3,851
At 31 October 2023
5,147
6,420
356
11,923
At 31 October 2023
5,362
5,629
564
11,555
At 31 October 2022
5,991
7,252
751
13,994
Amounts falling due within one year
Other debtors
12,750
21,843
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
4,277
4,761
Taxes and social security
2,159
479
Other creditors
4,721
18,602
Loans from directors
516
4,674
H's Bakery Ltd
Notes to the Accounts
for the year ended 31 October 2023
7
Deferred taxation
2023
2022
Accelerated capital allowances
2,195
(2,651)
Tax losses carried forward
-
6,065
Other deferred taxation
-
(763)
Provision at start of year
2,651
3,309
Credited to the profit and loss account
(456)
(658)
Provision at end of year
2,195
2,651
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
Included in Other Creditors is an amount of £4,404 (2022: £18,399 ) owed to G's Cakes Ltd from H's Bakery Ltd, a company that Mr D Fleming and Mrs A Fleming are also directors of and have a controlling interest in.
Included in Other Debtors is an amount of £12,750 (2022: £21,843) owed to H's Bakery Ltd from The Northern Bakery Ltd a company that Mr D Fleming and Mrs A Fleming are also directors of and have a controlling interest in.
10
Average number of employees
During the year the average number of employees was 12 (2022: 13).
