White's Bakery Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06399039

WHITE'S BAKERY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

WHITE'S BAKERY LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

WHITE'S BAKERY LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

Director	J D White

Registered office	10-12 High Street
	Barnes
	London
	SW13 9LW

Accountants	Wilkins Southworth
	Chartered Certified Accountants
	10-12 High Street
	Barnes
	London
	SW13 9LW

WHITE'S BAKERY LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	5		528,539	557,424

CURRENT ASSETS

Stocks		145,784	168,527
Debtors	6	557,487	373,641
Cash at bank and in hand		4,845	49,334
		-----------	-----------
		708,116	591,502

CREDITORS: amounts falling due within one year	7	( 458,364)		( 422,392)
		-----------		-----------
NET CURRENT ASSETS			249,752	169,110
			-----------	-----------
TOTAL ASSETS LESS CURRENT LIABILITIES			778,291	726,534

CREDITORS: amounts falling due after more than one year	8		( 70,599)	( 131,528)

PROVISIONS	( 109,471)	–
	-----------	-----------
NET ASSETS	598,221	595,006
	-----------	-----------

CAPITAL AND RESERVES

Called up share capital	100	100
Share premium account	–	( 15,000)
Profit and loss account	598,121	609,906
	-----------	-----------
SHAREHOLDERS FUNDS	598,221	595,006
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

WHITE'S BAKERY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

J D White
Director

Company registration number: 06399039

WHITE'S BAKERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10-12 High Street, Barnes, London, SW13 9LW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	10% straight line
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	25% straight line

	Motor vehicles	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 40 (2024: 44 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	127,945	1,016,674	97,820	320,011	1,562,450
Additions	–	86,514	–	82,586	169,100
	-----------	--------------	---------	-----------	--------------
At 31 March 2025	127,945	1,103,188	97,820	402,597	1,731,550
	-----------	--------------	---------	-----------	--------------
Depreciation
At 1 April 2024	68,129	628,673	58,460	249,764	1,005,026
Charge for the year	14,927	71,177	37,670	74,211	197,985
	-----------	--------------	---------	-----------	--------------
At 31 March 2025	83,056	699,850	96,130	323,975	1,203,011
	-----------	--------------	---------	-----------	--------------
Carrying amount
At 31 March 2025	44,889	403,338	1,690	78,622	528,539
	-----------	--------------	---------	-----------	--------------
At 31 March 2024	59,816	388,001	39,360	70,247	557,424
	-----------	--------------	---------	-----------	--------------

6. Debtors

	2025	2024
	£	£
Trade debtors	423,552	336,237
Other debtors	133,935	37,404
	-----------	-----------
	557,487	373,641
	-----------	-----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	38,363	38,364
Trade creditors	277,522	297,232
Corporation tax	31,219	–
Social security and other taxes	20,543	14,663
Other creditors	90,717	72,133
	-----------	-----------
	458,364	422,392
	-----------	-----------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	3,197	38,363
Other creditors	67,402	93,165
	---------	-----------
	70,599	131,528
	---------	-----------

9. Director's advances, credits and guarantees

The following is a summary of the director's transactions with the company during the year: -

		2025
		£
	Amount advanced	74,278
	Interest charged	1,671
		---------
	Balance due to the comapny as at 31 March 2025	75,949
		---------

The above loan was repaid in full on 6 April 2025.