Company Registration No. 10295405 (England and Wales)
CAKEDROP LIMITED
Unaudited accounts
for the year ended 31 July 2021
CAKEDROP LIMITED
Unaudited accounts
Contents
CAKEDROP LIMITED
Company Information
for the year ended 31 July 2021
Directors
Anna Ward
Nicola Kate Ward
Francisco Javier Garcia Tosina
Company Number
10295405 (England and Wales)
Registered Office
Unit 7 Empire Arches
9 Watts Mews
London
SW16 6AA
Accountants
Cone Accounting Limited
85 Great Portland Street
First Floor
London
W1W 7LT
CAKEDROP LIMITED
Statement of financial position
as at
31 July 2021
Tangible assets
1,666
2,078
Cash at bank and in hand
20,260
8,533
Creditors: amounts falling due within one year
(17,625)
(50,228)
Net current assets/(liabilities)
25,970
(41,154)
Net assets/(liabilities)
27,636
(39,076)
Called up share capital
139
139
Profit and loss account
(73,095)
(39,215)
Shareholders' funds
27,636
(39,076)
For the year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2022 and were signed on its behalf by
Anna Ward
Director
Company Registration No. 10295405
CAKEDROP LIMITED
Notes to the Accounts
for the year ended 31 July 2021
CAKEDROP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10295405. The registered office is Unit 7 Empire Arches, 9 Watts Mews, London, SW16 6AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line 20%
Computer equipment
Straight Line 25%
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
CAKEDROP LIMITED
Notes to the Accounts
for the year ended 31 July 2021
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2020
496
4,352
4,848
At 31 July 2021
496
5,101
5,597
At 1 August 2020
256
2,514
2,770
Charge for the year
99
1,062
1,161
At 31 July 2021
355
3,576
3,931
At 31 July 2021
141
1,525
1,666
At 31 July 2020
240
1,838
2,078
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
42
-
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
6,230
36,472
Trade creditors
7,611
1,644
Taxes and social security
28
(213)
Other creditors
1,925
7,065
Loans from directors
715
5,011
7
Share capital
2021
2020
Allotted, called up and fully paid:
138,890 Ordinary shares of £0.001 each
138.89
138.89
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).