Abbreviated Company Accounts - BREAD OF HEAVEN BAKERY LIMITED

Abbreviated Company Accounts - BREAD OF HEAVEN BAKERY LIMITED

BREAD OF HEAVEN BAKERY LIMITED - Company Information

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Registered Number 06969253

BREAD OF HEAVEN BAKERY LIMITED

Abbreviated Accounts

31 July 2014

BREAD OF HEAVEN BAKERY LIMITED Registered Number 06969253

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 25,200 28,000
Tangible assets 3 36,081 59,831
Investments - -
61,281 87,831
Current assets
Stocks 3,000 2,000
Debtors 101,856 97,114
Cash at bank and in hand 4,241 4,973
109,097 104,087
Prepayments and accrued income 6,039 -
Creditors: amounts falling due within one year (93,659) (111,715)
Net current assets (liabilities) 21,477 (7,628)
Total assets less current liabilities 82,758 80,203
Creditors: amounts falling due after more than one year (24,076) (48,375)
Total net assets (liabilities) 58,682 31,828
Capital and reserves
Called up share capital 100 100
Other reserves 31,728 27,356
Profit and loss account 26,854 4,372
Shareholders' funds 58,682 31,828
  • For the year ending 31 July 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 3 November 2014

And signed on their behalf by:
Nathan Kavanagh, Director
William Kavanagh, Director

BREAD OF HEAVEN BAKERY LIMITED Registered Number 06969253

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business

Tangible assets depreciation policy
Fixed assets are shown at historical cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life by the reducing balance method. Plant & Machinery - 25%. Equipment - 25%. Fixtures & Fittings - 25%. Morton Vehicles - 25%.

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

2Intangible fixed assets
£
Cost
At 1 August 2013 28,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2014 28,000
Amortisation
At 1 August 2013 -
Charge for the year 2,800
On disposals -
At 31 July 2014 2,800
Net book values
At 31 July 2014 25,200
At 31 July 2013 28,000
3Tangible fixed assets
£
Cost
At 1 August 2013 59,831
Additions 16,899
Disposals (13,555)
Revaluations -
Transfers -
At 31 July 2014 63,175
Depreciation
At 1 August 2013 -
Charge for the year 27,094
On disposals -
At 31 July 2014 27,094
Net book values
At 31 July 2014 36,081
At 31 July 2013 59,831