Company Registration No. SC416616 (Scotland)
Speciality Cakes Ltd
Unaudited accounts
for the year ended 29 February 2020
Speciality Cakes Ltd
Unaudited accounts
Contents
Speciality Cakes Ltd
Company Information
for the year ended 29 February 2020
Director
Mr Robert Cochrane
Company Number
SC416616 (Scotland)
Registered Office
214 Main Street
Cambuslang
Glasgow
G72 7EN
Accountants
Jenkins Dunbar Accountancy Limited
6 Daisy Drive
Cambuslang
Glasgow
G72 6WW
Speciality Cakes Ltd
Statement of financial position
as at
29 February 2020
Tangible assets
4,808
4,434
Cash at bank and in hand
6,895
14,844
Creditors: amounts falling due within one year
(16,949)
(2,653)
Net current (liabilities)/assets
(4,446)
13,469
Called up share capital
10
10
Profit and loss account
352
17,893
Shareholders' funds
362
17,903
For the year ending 29 February 2020 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 director acknowledges his 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 and authorised for issue on 8 October 2020 and were signed on its behalf by
Mr Robert Cochrane
Director
Company Registration No. SC416616
Speciality Cakes Ltd
Notes to the Accounts
for the year ended 29 February 2020
Speciality Cakes Ltd is a private company, limited by shares, registered in Scotland, registration number SC416616. The registered office is 214 Main Street, Cambuslang, Glasgow, G72 7EN.
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
10% reducing balance
Motor vehicles
10% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2019
2,566
2,361
4,927
At 29 February 2020
3,475
2,361
5,836
At 1 March 2019
257
236
493
Charge for the year
322
213
535
At 29 February 2020
579
449
1,028
At 29 February 2020
2,896
1,912
4,808
At 28 February 2019
2,309
2,125
4,434
Speciality Cakes Ltd
Notes to the Accounts
for the year ended 29 February 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
16,810
2,653
Loans from directors
74
-
7
Average number of employees
During the year the average number of employees was 7 (2019: 6).