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REGISTERED NUMBER: 07834262 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2024

for

THE EXPLODING BAKERY LIMITED

THE EXPLODING BAKERY LIMITED (REGISTERED NUMBER: 07834262)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE EXPLODING BAKERY LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: O W Coysh
T L Oxford-Edwards





REGISTERED OFFICE: 4 Otter Court Manaton Close
Marsh Barton Trading Estate
Exeter
Devon
EX2 8PF





REGISTERED NUMBER: 07834262 (England and Wales)





ACCOUNTANTS: Gravita Western Limited
3 Southernhay West
Exeter
Devon
EX1 1JG

THE EXPLODING BAKERY LIMITED (REGISTERED NUMBER: 07834262)

Balance Sheet
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,714 4,954
Tangible assets 5 306,524 306,293
310,238 311,247

CURRENT ASSETS
Stocks 151,434 133,010
Debtors 6 214,398 235,679
Cash at bank 313,022 263,902
678,854 632,591
CREDITORS
Amounts falling due within one year 7 (222,366 ) (180,700 )
NET CURRENT ASSETS 456,488 451,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

766,726

763,138

CREDITORS
Amounts falling due after more than one
year

8

(91,876

)

(151,502

)

PROVISIONS FOR LIABILITIES (70,584 ) (69,155 )
NET ASSETS 604,266 542,481

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 604,141 542,356
604,266 542,481

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.

THE EXPLODING BAKERY LIMITED (REGISTERED NUMBER: 07834262)

Balance Sheet - 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 18 July 2025 and were signed on its behalf by:




T L Oxford-Edwards - Director



O W Coysh - Director


THE EXPLODING BAKERY LIMITED (REGISTERED NUMBER: 07834262)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024


1. COMPANY INFORMATION

The Exploding Bakery 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 (£).


The company's principal activities and nature of its operations are disclosed in the Directors' Report.

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" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Intangible assets
Intangible assets are being amortised evenly over their estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold improvements - Straight line over 6 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

THE EXPLODING BAKERY LIMITED (REGISTERED NUMBER: 07834262)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents
Financial instruments are classified and accounted for, accordingly to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under hire purchase contracts are depreciated over their useful lives.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 17 ) .

THE EXPLODING BAKERY LIMITED (REGISTERED NUMBER: 07834262)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 22,463
Additions 2,520
At 31 December 2024 24,983
AMORTISATION
At 1 January 2024 17,509
Charge for year 3,760
At 31 December 2024 21,269
NET BOOK VALUE
At 31 December 2024 3,714
At 31 December 2023 4,954

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 January 2024 52,878 283,275 121,936
Additions 51,932 12,522 -
Disposals - - -
At 31 December 2024 104,810 295,797 121,936
DEPRECIATION
At 1 January 2024 735 79,916 77,589
Charge for year 14,044 53,080 11,088
Eliminated on disposal - - -
At 31 December 2024 14,779 132,996 88,677
NET BOOK VALUE
At 31 December 2024 90,031 162,801 33,259
At 31 December 2023 52,143 203,359 44,347

THE EXPLODING BAKERY LIMITED (REGISTERED NUMBER: 07834262)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 3,650 8,929 470,668
Additions 19,995 458 84,907
Disposals (3,650 ) - (3,650 )
At 31 December 2024 19,995 9,387 551,925
DEPRECIATION
At 1 January 2024 3,376 2,759 164,375
Charge for year 4,582 1,608 84,402
Eliminated on disposal (3,376 ) - (3,376 )
At 31 December 2024 4,582 4,367 245,401
NET BOOK VALUE
At 31 December 2024 15,413 5,020 306,524
At 31 December 2023 274 6,170 306,293

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024
and 31 December 2024 193,768
DEPRECIATION
At 1 January 2024 17,140
Charge for year 44,158
At 31 December 2024 61,298
NET BOOK VALUE
At 31 December 2024 132,470
At 31 December 2023 176,628

THE EXPLODING BAKERY LIMITED (REGISTERED NUMBER: 07834262)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 146,046 138,415
Other debtors 6,300 6,670
Other debtor - intercompany (8,836 ) 19,538
Directors' loan accounts 33,605 -
VAT 22,485 54,186
Prepayments 14,798 16,870
214,398 235,679

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,273 17,575
Hire purchase contracts (see note 9) 52,612 53,795
Trade creditors 76,863 63,050
Tax 50,935 8,601
Social security and other taxes 14,139 13,170
Other creditors 1,050 6,394
Directors' loan accounts - 9,672
Accruals and deferred income 9,494 8,443
222,366 180,700

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,213 17,273
Bank loans - 2-5 years - 7,230
Hire purchase contracts (see note 9) 84,663 126,999
91,876 151,502

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 52,612 53,795
Between one and five years 84,663 126,999
137,275 180,794

THE EXPLODING BAKERY LIMITED (REGISTERED NUMBER: 07834262)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 50,000 50,000
Between one and five years 119,833 145,833
In more than five years - 22,000
169,833 217,833

10. ULTIMATE CONTROLLING PARTY

The company is controlled by William & Lyall Limited, a company registered in England and Wales.

The registered office and principal place of business is:

4 Otter Court Manaton Close
Marsh Barton Trading Estate
Exeter
EX2 8PF

Group accounts are not prepared by William & Lyall Limited.