The Northumbrian Bakehouse Limited 31/01/2018 iXBRL

The Northumbrian Bakehouse Limited 31/01/2018 iXBRL

THE NORTHUMBRIAN BAKEHOUSE LIMITED - Company Information

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31/01/2018 2018-01-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2017-02-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 08869762 2017-02-01 2018-01-31 08869762 2018-01-31 08869762 2016-02-01 2017-01-31 08869762 2017-01-31 08869762 bus:Director1 2017-02-01 2018-01-31 08869762 core:WithinOneYear 2018-01-31 08869762 core:WithinOneYear 2017-01-31 08869762 core:ShareCapital 2018-01-31 08869762 core:ShareCapital 2017-01-31 08869762 core:RetainedEarningsAccumulatedLosses 2018-01-31 08869762 core:RetainedEarningsAccumulatedLosses 2017-01-31 08869762 bus:SmallEntities 2017-02-01 2018-01-31 08869762 bus:AuditExempt-NoAccountantsReport 2017-02-01 2018-01-31 08869762 bus:FullAccounts 2017-02-01 2018-01-31 08869762 bus:SmallCompaniesRegimeForAccounts 2017-02-01 2018-01-31 08869762 bus:PrivateLimitedCompanyLtd 2017-02-01 2018-01-31
Company registration number: 08869762
The Northumbrian Bakehouse Limited
Pages for filing with Registrar
31 January 2018
The Northumbrian Bakehouse Limited
Contents
Statement of financial position
Notes to the financial statements
The Northumbrian Bakehouse Limited
Statement of financial position
31 January 2018
2018 2017
Note £ £ £ £
Current assets
Debtors 6 8,768 5,258
Cash at bank and in hand 17,419 14,829
_______ _______
26,187 20,087
Creditors: amounts falling due
within one year 7 ( 5,089) ( 18,817)
_______ _______
Net current assets 21,098 1,270
_______ _______
Total assets less current liabilities 21,098 1,270
_______ _______
Net assets 21,098 1,270
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 21,097 1,269
_______ _______
Shareholders funds 21,098 1,270
_______ _______
For the year ending 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 October 2018 , and are signed on behalf of the board by:
A S Laidlow
Director
Company registration number: 08869762
The Northumbrian Bakehouse Limited
Notes to the financial statements
Year ended 31 January 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cost Reduction Support Limited, West 2, Asama Court, Newcastle Business Park, Newcastle upon Tyne, NE4 7YD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Staff costs
The aggregate payroll costs incurred during the year were:
2018 2017
£ £
Wages and salaries 8,140 11,490
_______ _______
5. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).
6. Debtors
2018 2017
£ £
Trade debtors 8,379 4,792
Other debtors 389 466
_______ _______
8,768 5,258
_______ _______
7. Creditors: amounts falling due within one year
2018 2017
£ £
Trade creditors 507 403
Corporation tax 2,312 -
Social security and other taxes 1,902 2,183
Other creditors 368 16,231
_______ _______
5,089 18,817
_______ _______
8. Directors advances, credits and guarantees
The company has outstanding directors loan in the name of A S Laidlow of £368 (2017 £16,231). This is included in other creditors in note 6. This loan is interest free and repayable on demand.