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REGISTERED NUMBER: 04158167 (England and Wales)















DOUGHTY CAKES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






DOUGHTY CAKES LIMITED (REGISTERED NUMBER: 04158167)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


DOUGHTY CAKES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M Doughty
C A Doughty





SECRETARY: C A Doughty





REGISTERED OFFICE: Unit 5 Wavell Drive
Lincoln
Lincolnshire
LN3 4PL





REGISTERED NUMBER: 04158167 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

DOUGHTY CAKES LIMITED (REGISTERED NUMBER: 04158167)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 12,656 14,100
Tangible assets 5 133,521 126,798
146,177 140,898

CURRENT ASSETS
Stocks 55,720 56,142
Debtors 6 146,511 111,081
Cash at bank 41,842 40,481
244,073 207,704
CREDITORS
Amounts falling due within one year 7 227,229 192,662
NET CURRENT ASSETS 16,844 15,042
TOTAL ASSETS LESS CURRENT LIABILITIES 163,021 155,940

CREDITORS
Amounts falling due after more than one year 8 (132,396 ) (127,152 )

PROVISIONS FOR LIABILITIES (29,669 ) (27,376 )
NET ASSETS 956 1,412

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 856 1,312
SHAREHOLDERS' FUNDS 956 1,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

DOUGHTY CAKES LIMITED (REGISTERED NUMBER: 04158167)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





C A Doughty - Director


DOUGHTY CAKES LIMITED (REGISTERED NUMBER: 04158167)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Doughty Cakes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of cakes is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised at 6.5% on cost.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

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.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.


DOUGHTY CAKES LIMITED (REGISTERED NUMBER: 04158167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.


Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

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 the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 78,855
AMORTISATION
At 1 January 2024 64,755
Charge for year 1,444
At 31 December 2024 66,199
NET BOOK VALUE
At 31 December 2024 12,656
At 31 December 2023 14,100

DOUGHTY CAKES LIMITED (REGISTERED NUMBER: 04158167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 295,249
Additions 63,791
Disposals (42,266 )
At 31 December 2024 316,774
DEPRECIATION
At 1 January 2024 168,451
Charge for year 43,183
Eliminated on disposal (28,381 )
At 31 December 2024 183,253
NET BOOK VALUE
At 31 December 2024 133,521
At 31 December 2023 126,798

The net book value of tangible fixed assets includes £ 121,261 (2023 - £ 111,743 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 52,558 46,381
Amounts owed by group undertakings 58,384 40,420
Other debtors 35,569 24,280
146,511 111,081

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 4,760 5,190
Hire purchase contracts (see note 9) 33,348 25,949
Trade creditors 131,143 112,609
Taxation and social security 48,195 37,621
Other creditors 9,783 11,293
227,229 192,662

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 29,826 34,586
Hire purchase contracts (see note 9) 102,570 90,354
Other creditors - 2,212
132,396 127,152

DOUGHTY CAKES LIMITED (REGISTERED NUMBER: 04158167)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.24 31.12.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,510 14,201

9. LEASING AGREEMENTS

Total financial commitments, guarantees and contingencies which are not included in the statement of financial position amount to £12,600 (2023: £12,600).

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 34,586 39,776
Hire purchase contracts 135,918 116,303
170,504 156,079

The bank loans are secured by fixed and floating charges over the undertakings, property and assets of the company.

Hire purchase agreements are secured against the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have overdrawn directors loan accounts brought forward totalling £8,566 (2023: £5,945). During the year, the directors of the company borrowed £6,345 (2023: £8,566) from the company and repaid £8,570 (2023: £5,945). The overdrawn balance at the end of the year totalled £6,341 (2023: £8,566).