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

REGISTERED NUMBER: 10600498 (England and Wales)

Unaudited Financial Statements For The Year Ended 31st January 2020

for

Ravens Bakery (Essex) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J Evans

Mr J Evans

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

FIXED ASSETS

Tangible assets

4

39,487

42,593

CURRENT ASSETS

Stocks

11,025

10,500

Debtors

5

134,429

123,078

Cash at bank and in hand

21,209

26,134

166,663

159,712

CREDITORS

Amounts falling due within one year

6

61,923

87,071

NET CURRENT ASSETS

104,740

72,641

TOTAL ASSETS LESS CURRENT LIABILITIES

144,227

115,234

CREDITORS

Amounts falling due after more than one year

7

29,477

36,289

NET ASSETS

114,750

78,945

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

114,648

78,843

114,750

78,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 26th January 2021 and were signed on its behalf by:

Mrs J Evans - Director

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 34 (2019 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2019

56,219

Additions

7,232

At 31st January 2020

63,451

DEPRECIATION

At 1st February 2019

13,626

Charge for year

10,338

At 31st January 2020

23,964

NET BOOK VALUE

At 31st January 2020

39,487

At 31st January 2019

42,593

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

Plant and

machinery

etc

£

COST

At 1st February 2019

and 31st January 2020

27,600

DEPRECIATION

At 1st February 2019

6,140

Charge for year

4,292

At 31st January 2020

10,432

NET BOOK VALUE

At 31st January 2020

17,168

At 31st January 2019

21,460

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/20

31/1/19

£

£

Trade debtors

13,636

25,729

Other debtors

120,793

97,349

134,429

123,078

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/20

31/1/19

£

£

Hire purchase contracts

1,041

2,667

Trade creditors

29,499

29,190

Taxation and social security

27,290

23,088

Other creditors

4,093

32,126

61,923

87,071

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/20

31/1/19

£

£

Bank loans

18,522

21,917

Hire purchase contracts

-

1,076

Other creditors

10,955

13,296

29,477

36,289

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

18,522

21,917

Repayable by instalments

Motonovo Finance

10,955

13,296