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Registration number: 08695321

Rye Bakery Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Rye Bakery Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

Rye Bakery Ltd

Company Information

Directors | Miss Amy Macfadyen Mr Owen Postgate

Registered office | Whittox Lane Frome Somerset BA11 3BY

Accountants | Delphi Accounting Ltd Chartered Tax Advisers3 The Office Village Roman Way Bath Business Park Peasedown St John Bath BA2 8SG

Rye Bakery Ltd

(Registration number: 08695321)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,625 | 6,543
Current assets |  |  |
Stocks | 5 | 8,248 | 7,002
Debtors | 6 | 45,432 | 26,114
Cash at bank and in hand |  | 37,778 | 58,427
|  | 91,458 | 91,543
Creditors: Amounts falling due within one year | 7 | (91,140) | (85,329)
Net current assets |  | 318 | 6,214
Total assets less current liabilities |  | 2,943 | 12,757
Creditors: Amounts falling due after more than one year | 7 | (2,441) | (12,618)
Net assets |  | 502 | 139
Capital and reserves |  |  |
Called up share capital | 8 | 200 | 200
Retained earnings |  | 302 | (61)
Shareholders' funds |  | 502 | 139

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 September 2025 and signed on its behalf by:

......................................... Miss Amy Macfadyen Director

Rye Bakery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Whittox Lane
Frome
Somerset
BA11 3BY

These financial statements were authorised for issue by the Board on 15 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Rye Bakery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Rye Bakery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 18).

Rye Bakery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Fixtures and fittings £ | Total £
Cost or valuation
At 1 April 2024 | 75,229 | 75,229
Additions | 2,333 | 2,333
At 31 March 2025 | 77,562 | 77,562
Depreciation
At 1 April 2024 | 68,686 | 68,686
Charge for the year | 6,251 | 6,251
At 31 March 2025 | 74,937 | 74,937
Carrying amount
At 31 March 2025 | 2,625 | 2,625
At 31 March 2024 | 6,543 | 6,543

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 8,248 | 7,002

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 255 | 530
Other debtors | 45,177 | 25,584
| 45,432 | 26,114

Rye Bakery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 22,928 | 25,657
Trade creditors |  | 34,004 | 28,488
Taxation and social security |  | 31,928 | 28,364
Accruals and deferred income |  | 2,000 | 2,000
Other creditors |  | 280 | 820
|  | 91,140 | 85,329

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 2,441 | 12,618

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 200 | 200 | 200 | 200

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 2,441 | 12,618

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,648 | 10,648
Other borrowings | 12,280 | 15,009
| 22,928 | 25,657

Rye Bakery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £67.50 (2024 - £45.00) per each Ordinary shares |  | 13,500 |  | 9,000

11 | Related party transactions

Rye Bakery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 12,037 | 12,000

Summary of transactions with associates

Alfreds Bread Ltd The balances are interest free and payable on demand
Alfreds Wine Ltd The balances are interest free and payable on demand

Income and receivables from related parties

2025 | Associates £
Amounts receivable from related party | 12,731

2024 | Associates £
Amounts receivable from related party | 25,584

Expenditure with and payables to related parties

2025 | Associates £
Amounts payable to related party | 21,582

2024 | Associates £
Amounts payable to related party | 13,620