Ravens Bakery (Essex) Limited - Accounts to registrar (filleted) - small 18.2

Ravens Bakery (Essex) Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10600498 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st January 2019

for

Ravens Bakery (Essex) Limited

Ravens Bakery (Essex) Limited (Registered number: 10600498)






Contents of the Financial Statements
For The Year Ended 31st January 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ravens Bakery (Essex) Limited

Company Information
For The Year Ended 31st January 2019







DIRECTORS: Mrs J Evans
Mr J Evans





SECRETARY:





REGISTERED OFFICE: Alpha 6
Masterlord Office Village
West Road
Ipswich
Suffolk
IP3 9SX





REGISTERED NUMBER: 10600498 (England and Wales)





ACCOUNTANTS: Aston Shaw Accountants
Alpha 6, Masterlord Office
West Road
Ransomes Europark
Ipswich
Suffolk
IP3 9SX

Ravens Bakery (Essex) Limited (Registered number: 10600498)

Balance Sheet
31st January 2019

31/1/19 31/1/18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,593 25,394

CURRENT ASSETS
Stocks 10,500 10,000
Debtors 5 123,078 67,394
Cash at bank and in hand 26,134 17,313
159,712 94,707
CREDITORS
Amounts falling due within one year 6 87,071 59,653
NET CURRENT ASSETS 72,641 35,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,234

60,448

CREDITORS
Amounts falling due after more than one
year

7

36,289

3,251
NET ASSETS 78,945 57,197

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 78,843 57,095
78,945 57,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2019 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 18th June 2019 and were signed on its behalf by:





Mrs J Evans - Director


Ravens Bakery (Essex) Limited (Registered number: 10600498)

Notes to the Financial Statements
For The Year Ended 31st January 2019

1. STATUTORY INFORMATION

Ravens Bakery (Essex) Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 33 (2018 - 33 ) .

Ravens Bakery (Essex) Limited (Registered number: 10600498)

Notes to the Financial Statements - continued
For The Year Ended 31st January 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2018 31,574
Additions 24,645
At 31st January 2019 56,219
DEPRECIATION
At 1st February 2018 6,180
Charge for year 7,446
At 31st January 2019 13,626
NET BOOK VALUE
At 31st January 2019 42,593
At 31st January 2018 25,394

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st February 2018 12,000
Additions 15,600
At 31st January 2019 27,600
DEPRECIATION
At 1st February 2018 2,400
Charge for year 3,740
At 31st January 2019 6,140
NET BOOK VALUE
At 31st January 2019 21,460
At 31st January 2018 9,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/19 31/1/18
£    £   
Trade debtors 25,729 14,094
Other debtors 97,349 53,300
123,078 67,394

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/19 31/1/18
£    £   
Hire purchase contracts 2,667 2,971
Trade creditors 29,190 32,082
Taxation and social security 23,088 20,835
Other creditors 32,126 3,765
87,071 59,653

Ravens Bakery (Essex) Limited (Registered number: 10600498)

Notes to the Financial Statements - continued
For The Year Ended 31st January 2019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/1/19 31/1/18
£    £   
Bank loans 21,917 -
Hire purchase contracts 1,076 3,251
Other creditors 13,296 -
36,289 3,251

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 21,917 -

Repayable by instalments
Motonovo Finance 13,296 -