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Company No: 06114733 (England and Wales)

# PERFECT PIE LTD

### Unaudited Financial Statements
For the financial period from 01 March 2024 to 31 August 2025
Pages for filing with the registrar

PERFECT PIE LTD

## Unaudited Financial Statements

For the financial period from 01 March 2024 to 31 August 2025

Contents

PERFECT PIE LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 August 2025
PERFECT PIE LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2025

| Note | 31.08.2025 |  | 29.02.2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,207 |  | 7,958
|  | 2,207 |  | 7,958
Current assets |  |  |  |
Stocks |  | 5,275 |  | 3,738
Debtors | 4 | 20,859 |  | 23,934
Cash at bank and in hand |  | 15,793 |  | 4,001
|  | 41,927 |  | 31,673
Creditors: amounts falling due within one year | 5 | ( 39,955) |  | ( 38,121)
Net current assets/(liabilities) |  | 1,972 |  | (6,448)
Total assets less current liabilities |  | 4,179 |  | 1,510
Provision for liabilities |  | ( 419) |  | ( 1,231)
Net assets |  | 3,760 |  | 279
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 3,660 |  | 179
Total shareholders' funds |  | 3,760 |  | 279

For the financial period ending 31 August 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 financial statements for the financial period in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Perfect Pie Ltd (registered number: 06114733) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Sarah Pettegree Director |  | Derek Chapman Director

10 October 2025

PERFECT PIE LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 March 2024 to 31 August 2025
PERFECT PIE LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 March 2024 to 31 August 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Perfect Pie Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Bayfield Brecks, Bayfield, Holt, NR25 7DZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Reporting period length

These financial statements cover the eighteen month period from 1 March 2024 to 31 August 2025. The extended period reflects a change in the company's financial year end.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Income Statement in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | depreciated over the life of the lease
| 7 years straight line
Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance
Computer equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Income Statement over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

#### 2. Employees

| Period from 01.03.2024 to 31.08.2025 |  | Year ended 29.02.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the period, including directors | 8 |  | 9

#### 3. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 March 2024 | 2,485 |  | 45,737 |  | 16,950 |  | 3,059 |  | 68,231
Additions | 0 |  | 0 |  | 0 |  | 702 |  | 702
Disposals | 0 |  | ( 12,859) |  | ( 14,800) |  | ( 2,067) |  | ( 29,726)
At 31 August 2025 | 2,485 |  | 32,878 |  | 2,150 |  | 1,694 |  | 39,207
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 March 2024 | 2,485 |  | 41,851 |  | 13,348 |  | 2,589 |  | 60,273
Charge for the financial period | 0 |  | 1,457 |  | 1,351 |  | 395 |  | 3,203
Disposals | 0 |  | ( 11,874) |  | ( 12,605) |  | ( 1,997) |  | ( 26,476)
At 31 August 2025 | 2,485 |  | 31,434 |  | 2,094 |  | 987 |  | 37,000
Net book value |  |  |  |  |  |  |  |  |
At 31 August 2025 | 0 |  | 1,444 |  | 56 |  | 707 |  | 2,207
At 29 February 2024 | 0 |  | 3,886 |  | 3,602 |  | 470 |  | 7,958

#### 4. Debtors

| 31.08.2025 |  | 29.02.2024
| £ |  | £
Trade debtors | 18,882 |  | 18,870
Prepayments | 242 |  | 213
VAT recoverable | 1,735 |  | 2,351
Other debtors | 0 |  | 2,500
| 20,859 |  | 23,934

#### 5. Creditors: amounts falling due within one year

| 31.08.2025 |  | 29.02.2024
| £ |  | £
Trade creditors | 15,054 |  | 12,463
Amounts owed to directors | 10,568 |  | 9,017
Other loans | 0 |  | 533
Accruals | 3,182 |  | 5,684
Taxation and social security | 8,235 |  | 2,630
Other creditors | 2,916 |  | 7,794
| 39,955 |  | 38,121

There are no amounts included above in respect of which any security has been given by the small entity.

#### 6. Financial commitments

Pensions

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,308 (2024 - £1,024). Contributions totaling £10 (2024 - £239) were payable to the fund at the reporting date.

#### 7. Related party transactions

At the year end the directors were owed £10,568 (2024 : £9,017) which is repayable on demand. No interest is charged on amounts owed from the Company.