Brown Bear Bakery Limited - Accounts

BROWN BEAR BAKERY LIMITED - Company Information

Brown Bear Bakery Limited 09032009 bakery and related services false 1 June 2016 09032009 2016-06-01 2017-05-31 09032009 2016-05-31 09032009 2017-05-31 09032009 2015-06-01 2016-05-31 09032009 2015-05-31 09032009 2016-05-31 09032009 frs102-bus:FRS102 2016-06-01 2017-05-31 09032009 frs102-bus:PrivateLimitedCompanyLtd 2016-06-01 2017-05-31 09032009 frs102-bus:FullAccounts 2016-06-01 2017-05-31 09032009 frs102-bus:AuditExemptWithAccountantsReport 2016-06-01 2017-05-31 09032009 frs102-core:CurrentFinancialInstruments 2017-05-31 09032009 frs102-core:CurrentFinancialInstruments 2016-05-31 09032009 frs102-core:ShareCapital 2017-05-31 09032009 frs102-core:ShareCapital 2016-05-31 09032009 frs102-core:RetainedEarningsAccumulatedLosses 2017-05-31 09032009 frs102-core:RetainedEarningsAccumulatedLosses 2016-05-31 09032009 frs102-bus:Director1 2016-06-01 2017-05-31 09032009 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2016-06-01 2017-05-31 09032009 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2016-05-31 09032009 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2017-05-31 09032009 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2016-05-31 09032009 frs102-bus:OrdinaryShareClass1 2017-05-31 09032009 frs102-bus:OrdinaryShareClass1 2016-05-31 09032009 frs102-bus:OrdinaryShareClass1 2016-06-01 2017-05-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares

	Registered number
	09032009

	Brown Bear Bakery Limited
	Unaudited Accounts
	for the year ended
	31 May 2017

Brown Bear Bakery Limited Balance Sheet as at 31 May 2017
	Notes		2017 £		2016 £
Fixed assets
Tangible assets	3		8,490		9,673
			8,490		9,673

Current assets
Stocks		400		400
Debtors		5,488		5,714
Cash at bank and in hand		1,240		1,194
		7,128		7,308

Creditors: amounts falling due within one year		(68,775)		(48,528)

Net current assets / (liabilities)			(61,647)		(41,220)

Total assets less current liabilities			(53,157)		(31,547)

Total net assets (liabilities)			(53,157)		(31,547)

Capital and reserves
Called up share capital	4		100		100
Profit and loss account			(53,257)		(31,647)
Shareholders' funds			(53,157)		(31,547)

These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 May 2017 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.

Signed on behalf of the board of directors

...............................

Ms M Lewis

Director

Approved by the board on 21 February 2018

Company No: 09032009 (England and Wales)

1.	Accounting policies
	Basis of preparation of financial statements These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
	Changes in accounting standards, policies and estimates The transition to a new accounting standard has resulted to some changes in the accounting policies. The nature of these changes, and any impact on the values displayed for the comparative period, are explained in the notes below where applicable.

	Going concern basis
	The company was insolvent on the 31 May 2017. The financial statements have been prepared on a going concern basis which is dependent on the continued financial support of the directors.

	Revenue recognition
	Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.

Fixtures, fittings, tools & equipment

15% Reducing Balance

	Stocks
	Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

2.	Employees
		2017		2016

Tangible fixed assets
	Fixtures, fittings, tools & equipment	Total
Cost or valuation	£	£
At 1 June 2016	13,388	13,388
Additions	315	315
At 31 May 2017	13,703	13,703
Depreciation
At 1 June 2016	3,715	3,715
Charge for the period	1,498	1,498
At 31 May 2017	5,213	5,213
Net book value
At 31 May 2017	8,490	8,490
At 31 May 2016	9,673	9,673

Share capital
	2017	2016
	£	£
Allotted, called up and fully paid:
100 (2016: 100) Ordinary shares of £1.00 each	100	100

	100	100

5.	Commitments, guarantees and contingencies
	Notes Lease commitments At 31 May 2017 the company had an annual commitment of £11000 (2016 - £10000) under a five year operating lease commencing 25 March 2016 with a break clause on 13 November 2017. The company has given notice under this break clause. Capital pension and other financial commitments, guarantees and contingencies At 31 May 2017 the company had no capital, pension or other financial commitments, guarantees and contingencies .

Commitments, guarantees and contingencies

Notes

Lease commitments At 31 May 2017 the company had an annual commitment of £11000 (2016 - £10000) under a five year operating lease commencing 25 March 2016 with a break clause on 13 November 2017. The company has given notice under this break clause. Capital pension and other financial commitments, guarantees and contingencies At 31 May 2017 the company had no capital, pension or other financial commitments, guarantees and contingencies .

6.	Other information
	Brown Bear Bakery Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Hawkswick House, Hawkswick, Harpenden Road, St Albans, Hertfordshire AL3 6JG. The financial statements are presented in Sterling, which is the functional currency of the company. During the two years ended 31 May 2017, Michelle K. Lewis a director of the company, controlled the company as she owned all the issued ordinary share capital. The principal activity of the company in the year under review was that of a bakery and related services.

Other information

Brown Bear Bakery Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Hawkswick House, Hawkswick, Harpenden Road, St Albans, Hertfordshire AL3 6JG.

The financial statements are presented in Sterling, which is the functional currency of the company.

During the two years ended 31 May 2017, Michelle K. Lewis a director of the company, controlled the company as she owned all the issued ordinary share capital.

The principal activity of the company in the year under review was that of a bakery and related services.