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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019 |
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POPHAMS BAKERY LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019 |
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FOR |
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POPHAMS BAKERY LIMITED |
POPHAMS BAKERY LIMITED (REGISTERED NUMBER: 10839666) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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POPHAMS BAKERY LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Barn |
13-17 Margett Street |
Cottenham |
Cambridgeshire |
CB24 8QY |
POPHAMS BAKERY LIMITED (REGISTERED NUMBER: 10839666) |
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BALANCE SHEET |
30 JUNE 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 7 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Capital redemption reserve | ( |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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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. |
POPHAMS BAKERY LIMITED (REGISTERED NUMBER: 10839666) |
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BALANCE SHEET - continued |
30 JUNE 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
by: |
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POPHAMS BAKERY LIMITED (REGISTERED NUMBER: 10839666) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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1. | Statutory information |
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Pophams Bakery Limited is a
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number and registered office address can be found on the Company Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax |
and other sales taxes. |
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Tangible fixed assets |
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulation depreciation. |
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Depreciation |
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Depreciation is provided at the following rates in order to write off each asset over its estimated useful life. |
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Computer equipment | 25% Reducing balance |
Furniture | 25% Reducing balance |
Leasehold improvements | 20% Straight line |
Plant and machinery | 25% Reducing balance |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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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. |
POPHAMS BAKERY LIMITED (REGISTERED NUMBER: 10839666) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
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2. | Accounting policies - continued |
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Going concern |
The financial statements have been prepared on the going concern basis. The company has incurred losses during the period and |
the directors are aware that the statement of financial position shows net current liabilities. The directors will continue to support |
the company and on this basis the directors are of the opinion that the company should continue to adopt the going concern basis |
of accounting in preparing the financial statements. |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Tangible fixed assets |
Plant and |
machinery |
etc |
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Cost |
At 1 July 2018 |
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Additions |
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At 30 June 2019 |
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Depreciation |
At 1 July 2018 |
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Charge for year |
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At 30 June 2019 |
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Net book value |
At 30 June 2019 |
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At 30 June 2018 |
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5. | Debtors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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POPHAMS BAKERY LIMITED (REGISTERED NUMBER: 10839666) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
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6. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | Creditors: amounts falling due after more than one year |
2019 | 2018 |
£ | £ |
Other creditors |
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8. | Leasing agreements |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
Within one year |
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Between one and five years |
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9. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 200,100 | 50,100 |
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10. | Directors' advances, credits and guarantees |
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The following advances and credits to a director subsisted during the year ended 30 June 2019 and the period ended 30 June 2018: |
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2019 | 2018 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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POPHAMS BAKERY LIMITED (REGISTERED NUMBER: 10839666) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
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10. | Directors' advances, credits and guarantees - continued |
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The advance to the director is interest free and repayable on demand. |
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11. | Related party disclosures |
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During the year, shareholders provided loans of £50,000 to the company (2018: £NIL). There were no repayments during the year |
and no interest has been charged on these loans. |
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During the year, a directors family member provided a loan of £150,000 to the company (2018: £NIL). There were no repayments |
during the year. Interest is being charged on the loan at 1% per annum. |
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12. | Share-based payment transactions |
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On 8 April 2019, the Company commenced the operation of an Enterprise Management Incentive scheme (EMI). 15,035 share |
options were granted during the year and at 30 June 2019 15,035 share options remained in issue. |
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The total charge for the year relating to employee share based payment plans was £Nil in accordance with the provisions of FRS |
102 (Section 1A). |