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

REGISTERED NUMBER: 10600498 (England and Wales)

Unaudited Financial Statements

For The Period 3rd February 2017 to 31st January 2018

for

Ravens Bakery (Essex) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J Evans

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

FIXED ASSETS

Tangible assets

3

25,394

CURRENT ASSETS

Stocks

10,000

Debtors

4

67,394

Cash at bank and in hand

17,313

94,707

CREDITORS

Amounts falling due within one year

5

59,653

NET CURRENT ASSETS

35,054

TOTAL ASSETS LESS CURRENT LIABILITIES

60,448

CREDITORS

Amounts falling due after more than one year

6

3,251

NET ASSETS

57,197

CAPITAL AND RESERVES

Called up share capital

102

Retained earnings

57,095

57,197

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st January 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 31st October 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 period 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 period 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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

31,574

At 31st January 2018

31,574

DEPRECIATION

Charge for period

6,180

At 31st January 2018

6,180

NET BOOK VALUE

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

Additions

12,000

At 31st January 2018

12,000

DEPRECIATION

Charge for period

2,400

At 31st January 2018

2,400

NET BOOK VALUE

At 31st January 2018

9,600

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

14,094

Other debtors

53,300

67,394

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

2,971

Trade creditors

32,085

Taxation and social security

20,835

Other creditors

3,762

59,653

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

3,251