Registration number: 11871413

Alfreds Bread Limited

Contents

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

Alfreds Bread Limited

Company Information

Directors

Miss Amy Macfadyen Mr Owen Postgate

Registered office

Alfreds Bread Unit 1 Station Approach Frome Somerset BA11 1RE

Accountants

Delphi Accounting Ltd Chartered Tax advisers3 The Office Village Roman Way Bath Business Park Peasedown St John Bath BA2 8SG

Alfreds Bread Limited

(Registration number: 11871413)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	29,791	33,559
Current assets
Stocks	5	17,177	7,595
Debtors	6	40,747	31,925
Cash at bank and in hand		70,497	52,092
		128,421	91,612
Creditors: Amounts falling due within one year	7	(149,284)	(95,198)
Net current liabilities		(20,863)	(3,586)
Total assets less current liabilities		8,928	29,973
Creditors: Amounts falling due after more than one year	7	(5,828)	(15,913)
Net assets		3,100	14,060
Capital and reserves
Called up share capital	8	2	2
Retained earnings		3,098	14,058
Shareholders' funds		3,100	14,060

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 24 September 2025 and signed on its behalf by:
 

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

Alfreds Bread Limited

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:
Alfreds Bread Unit 1
Station Approach
Frome
Somerset
BA11 1RE

These financial statements were authorised for issue by the Board on 24 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

Alfreds Bread Limited

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:

Asset class	Depreciation method and rate
Land & buildings	25% RB
Plant & machinery	25% SL

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.

Alfreds Bread Limited

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 28 (2024 - 17).

Alfreds Bread Limited

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

4	Tangible assets

	Land and buildings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 April 2024	2,195	112,173	2,574	3,000
Additions	-	15,407	1,780	1,800
Disposals	-	-	(284)	-
At 31 March 2025	2,195	127,580	4,070	4,800
Depreciation
At 1 April 2024	961	84,029	643	750
Charge for the year	309	20,016	1,017	1,200
Eliminated on disposal	-	-	(71)	-
At 31 March 2025	1,270	104,045	1,589	1,950
Carrying amount
At 31 March 2025	925	23,535	2,481	2,850
At 31 March 2024	1,234	28,144	1,931	2,250

	Total £
Cost or valuation
At 1 April 2024	119,942
Additions	18,987
Disposals	(284)
At 31 March 2025	138,645
Depreciation
At 1 April 2024	86,383
Charge for the year	22,542
Eliminated on disposal	(71)
At 31 March 2025	108,854
Carrying amount
At 31 March 2025	29,791
At 31 March 2024	33,559

Included within the net book value of land and buildings above is £925 (2024 - £1,234) in respect of freehold land and buildings.
 

Alfreds Bread Limited

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

5

Stocks

	2025 £	2024 £
Other inventories	17,177	7,595

6

Debtors

Current	2025 £	2024 £
Trade debtors	26,589	16,080
Prepayments	10,360	9,286
Other debtors	3,798	6,559
	40,747	31,925

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	10,648	10,648
Trade creditors		32,206	40,782
Taxation and social security		27,359	8,123
Accruals and deferred income		21,191	3,824
Other creditors		57,880	31,821
		149,284	95,198

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	5,828	15,913

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

Alfreds Bread Limited

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

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,828	15,913

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,648	10,648

10

Dividends

		2025		2024
		£		£
Interim dividend of £26,250.00 (2024 - £4,350.00) per ordinary share		52,500		8,700

11	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	12,000	12,000

Summary of transactions with other related parties

Rye Bakery 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 £	Other related parties £
Amounts receivable from related party	22,227	22,227

Alfreds Bread Limited

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

2024	Associates £	Other related parties £
Amounts receivable from related party	20,179	20,179

Expenditure with and payables to related parties

2025	Associates £	Other related parties £
Amounts payable to related party	18,577	18,577

2024	Associates £	Other related parties £
Amounts payable to related party	25,584	25,584