Bakerfresh Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08162666

Unaudited Financial Statements

For The Year Ended 31 July 2018

for

Bakerfresh Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Burgess

C Burgess

Mrs D Burgess

REGISTERED OFFICE:

64 Cranleigh

Standish

Wigan

Lancashire

WN6 0EU

REGISTERED NUMBER:

08162666

ACCOUNTANTS:

Elaine Horsley & Co

Ivy House

687 Ormskirk Road

Pemberton

Wigan

Lancashire

WN5 8AQ

FIXED ASSETS

Intangible assets

4

21,600

26,300

Tangible assets

5

31,644

40,208

53,244

66,508

CURRENT ASSETS

Debtors

6

18,642

22,054

Cash at bank and in hand

7,550

2,809

26,192

24,863

CREDITORS

Amounts falling due within one year

7

86,386

80,768

NET CURRENT LIABILITIES

(60,194

)

(55,905

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,950

)

10,603

CREDITORS

Amounts falling due after more than one year

8

-

(2,991

)

PROVISIONS FOR LIABILITIES

9

(6,012

)

(7,640

)

NET LIABILITIES

(12,962

)

(28

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

(13,062

)

(128

)

SHAREHOLDERS' FUNDS

(12,962

)

(28

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 April 2019 and were signed on its behalf by:

C Burgess - Director

1.	STATUTORY INFORMATION

Bakerfresh Limited is a private company, limited by shares , registered in Not specified/Other. The company's

registered number and registered office address can be found on the Company Information page.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% on reducing balance

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.

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.

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 6 (2017 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2017

and 31 July 2018

47,000

AMORTISATION

At 1 August 2017

20,700

Amortisation for year

4,700

At 31 July 2018

25,400

NET BOOK VALUE

At 31 July 2018

21,600

At 31 July 2017

26,300

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2017

83,939

-

83,939

Additions

-

1,425

1,425

At 31 July 2018

83,939

1,425

85,364

DEPRECIATION

At 1 August 2017

43,731

-

43,731

Charge for year

9,921

68

9,989

At 31 July 2018

53,652

68

53,720

NET BOOK VALUE

At 31 July 2018

30,287

1,357

31,644

At 31 July 2017

40,208

-

40,208

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade debtors

18,028

21,625

VAT

614

429

18,642

22,054

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Bank loans and overdrafts

14,943

13,352

Hire purchase contracts

2,991

8,527

Trade creditors

27,914

29,373

Tax

10,674

9,832

Social security and other taxes

1,199

628

Directors' current accounts

26,754

17,250

Accrued expenses

1,911

1,806

86,386

80,768

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.18

31.7.17

£

£

Hire purchase contracts

-

2,991

9.	PROVISIONS FOR LIABILITIES

31.7.18

31.7.17

£

£

Deferred tax

6,012

7,640

Deferred

tax

£

Balance at 1 August 2017

7,640

Credit to Income Statement during year

(1,628

)

Balance at 31 July 2018

6,012

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.18

31.7.17

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 August 2017

(128

)

Profit for the year

33,866

Dividends

(46,800

)

At 31 July 2018

(13,062

)