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Unaudited Financial Statements |
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for the Period 5 May 2017 to 30 April 2018 |
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for |
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Beach House Bakery Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 5 May 2017 to 30 April 2018 |
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for |
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Beach House Bakery Ltd |
Beach House Bakery Ltd (Registered number: SC565172) |
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Contents of the Financial Statements |
for the Period 5 May 2017 to 30 April 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Beach House Bakery Ltd |
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Company Information |
for the Period 5 May 2017 to 30 April 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
6 Logie Mill |
Edinburgh |
Lothian |
EH7 4HG |
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BANKERS: |
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Edinburgh Head Office |
36 St Andrew Square |
Edinburgh |
EH2 2YB |
Beach House Bakery Ltd (Registered number: SC565172) |
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Balance Sheet |
30 April 2018 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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PROVISIONS FOR LIABILITIES | 7 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges her responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
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Beach House Bakery Ltd (Registered number: SC565172) |
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Notes to the Financial Statements |
for the Period 5 May 2017 to 30 April 2018 |
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1. | STATUTORY INFORMATION |
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Beach House Bakery Ltd is a
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registered 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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The accounts have been prepared on a going concern basis, the acceptability of which is dependant on the |
continuing support of the company's parent company. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for |
estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised |
when goods are delivered. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is |
provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of |
each asset on a straight line basis over its expected useful life, as follows: |
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Improvements to property | - | 2% on cost |
Plant and machinery | - | 25% on cost |
Fixtures and fittings | - | 20% on cost |
Computer equipment | - | 20% on cost |
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Residual value represents the estimated amount which would currently be obtained from the disposal of an asset, |
after deducting estimated costs of disposal, if the asset were already of age and in condition expected at the end |
of its useful life. |
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Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net |
realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate. |
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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. |
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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 period 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. |
Beach House Bakery Ltd (Registered number: SC565172) |
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Notes to the Financial Statements - continued |
for the Period 5 May 2017 to 30 April 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
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Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured |
at their settlement value. |
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Provisions |
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past |
event, it is probable that the company will be required to settle that obligation and a reliable estimate can be |
made of the amount of the obligation. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
Additions |
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At 30 April 2018 |
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DEPRECIATION |
Charge for period |
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At 30 April 2018 |
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NET BOOK VALUE |
At 30 April 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Intercompany loan |
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Directors' current accounts | 25,650 |
Accrued expenses |
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Beach House Bakery Ltd (Registered number: SC565172) |
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Notes to the Financial Statements - continued |
for the Period 5 May 2017 to 30 April 2018 |
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7. | PROVISIONS FOR LIABILITIES |
£ |
Deferred tax | 2,986 |
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Deferred |
tax |
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Provided during period |
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Balance at 30 April 2018 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 | 100 |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the period ended 30 April 2018: |
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£ |
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Balance outstanding at start of period |
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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 period | ( |
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10. | RELATED PARTY DISCLOSURES |
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Transactions with related parties during the year and balances outstanding at the year end were as follows: |
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Related Party |
Type of Transaction |
Amount |
Balance receivable from or
(payable to) related party as at 30.04.2018 |
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Beach House Cafe Limited | Loan | £39,326 | (£39,326) |
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Sales | £25,361 | £2,070 |
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Beach House Cafe Limited is the parent company. |
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11. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Beach House Cafe Limited. |
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The ultimate controlling party is
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