4.1 Sandwich Master Ltd is a limited company that was established over seventy years ago in the Midlands area of the UK by a family with the name of ‘Graham’. In 2006 the medium sized local bakery by the name of ‘Graham’s Bakeries’ was sold and renamed ‘Sandwich Mater Ltd’. The company was bought by 4 shareholders, Courtney Chandler, George Bartlett, Jane Chung and Emma Pearson who each own 45%, 45%, 5% and 5% respectively. Sandwich Master Limited strives to be the number one choice for sandwiches and savouries with their handmade, in store goods being prepared daily by highly trained staff. With 80 shops and 6 national bakeries supplying local shops, Sandwich Master Ltd is unrivalled in terms of daily freshness at great value.
4.2 i) Sandwich Master Ltd follows a limited company structure – an organisation chart for can be viewed in appendix A. ii) An organisation chart for the accounts department of Sandwich Master Ltd can be viewed in appendix B. 4.3 Sandwich Master Limited’s heads office in Nottingham has 38 computers. All members of the Accounts team have their own dedicated personal computer. Each computer runs on the Windows Vista operating system and are also loaded with Microsoft Office 2007. The main financial accounting systems used by Sandwich Master Limited are an integrated General Accounts Payable and Accounts Receivable set of Ledgers and a costing package, which runs on the Windows Vista environment and holds data in a non-relational database.
4.4 The key external stakeholders of SML are:
Customers
Suppliers
The community
The Government
Competitors
Regulatory bodies
Landlords
i) Customers use financial information to ensure that a business is producing goods that are of a reliable quality, value for money and readily available. ii) Suppliers use financial information to ensure that a business is in a position to maintain long term contracts, make prompt payments and increase