UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

SPLITS BAKERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Edney

Mrs L H Edney

REGISTERED OFFICE:

C/o Evans Weir

The Victoria

25 St Pancras

Chichester

West Sussex

PO19 7LT

REGISTERED NUMBER:

06473838 (England and Wales)

ACCOUNTANTS:

Evans Weir

The Victoria

25 St Pancras

Chichester

West Sussex

PO19 7LT

FIXED ASSETS

Tangible assets

4

52,457

56,906

CURRENT ASSETS

Stocks

1,500

2,690

Debtors

5

556

1,067

Cash at bank and in hand

657

87

2,713

3,844

CREDITORS

Amounts falling due within one year

6

65,987

64,525

NET CURRENT LIABILITIES

(63,274

)

(60,681

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,817

)

(3,775

)

CREDITORS

Amounts falling due after more than one year

7

1,333

9,333

NET LIABILITIES

(12,150

)

(13,108

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(12,250

)

(13,208

)

SHAREHOLDERS' FUNDS

(12,150

)

(13,108

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd July 2025 and were signed on its behalf by:

C J Edney - Director

Mrs L H Edney - Director

1.	STATUTORY INFORMATION

Splits 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

959

119,324

120,283

Additions

-

578

578

At 31st March 2025

959

119,902

120,861

DEPRECIATION

At 1st April 2024

959

62,418

63,377

Charge for year

-

5,027

5,027

At 31st March 2025

959

67,445

68,404

NET BOOK VALUE

At 31st March 2025

-

52,457

52,457

At 31st March 2024

-

56,906

56,906

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

556

1,067

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,005

10,854

Trade creditors

6,012

4,032

Taxation and social security

3,266

1,558

Other creditors

46,704

48,081

65,987

64,525

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,333

9,333

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C J Edney.