Company No: 10646063 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	8,585		12,882
Tangible assets	4	282,709		317,936
Investments	5	400		300
		291,694		331,118
Current assets
Stocks		38,141		45,684
Debtors	6	234,578		130,964
Cash at bank and in hand		19,971		114,247
		292,690		290,895
Creditors: amounts falling due within one year	7	( 282,331)		( 303,547)
Net current assets/(liabilities)		10,359		(12,652)
Total assets less current liabilities		302,053		318,466
Creditors: amounts falling due after more than one year	8	( 54,426)		( 105,433)
Provision for liabilities		( 70,146)		( 63,493)
Net assets		177,481		149,540
Capital and reserves
Called-up share capital	9	88		88
Fair value reserve		2,506		3,479
Profit and loss account		174,887		145,973
Total shareholders' funds		177,481		149,540

For the financial year ending 31 January 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 year 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 Profit and Loss Account has not been delivered.

The financial statements of Da Bara Limited (registered number: 10646063) were approved and authorised for issue by the Board of Directors on 23 October 2025. They were signed on its behalf by:

Benjamin Charles Hawkins Director

Timothy David Hawkins Director

1. Accounting policies

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

General information and basis of accounting

Da Bara Limited (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 Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom. The principal place of business is Da Bara Bakery, Unit9A A30 Business Park, Lodge Way, Indian Queens, Saint Columb, Cornwall, TR9 6FZ, 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 £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

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
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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 Balance Sheet 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Website costs	4 years straight line

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, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements	10 years straight line
Plant and machinery	2 - 20 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	15 % reducing balance
Office equipment	15 % 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.

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 Profit and Loss Account 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.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

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.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

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 Balance Sheet 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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	40		41

3. Intangible assets

	Goodwill		Website costs		Total
	£		£		£
Cost
At 01 February 2024	23,000		7,210		30,210
At 31 January 2025	23,000		7,210		30,210
Accumulated amortisation
At 01 February 2024	15,717		1,611		17,328
Charge for the financial year	2,300		1,997		4,297
At 31 January 2025	18,017		3,608		21,625
Net book value
At 31 January 2025	4,983		3,602		8,585
At 31 January 2024	7,283		5,599		12,882

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£
Cost
At 01 February 2024	73,856		5,738		91,829		365,734		18,713		555,870
Additions	1,457		3,855		0		11,481		0		16,793
Disposals	0		( 733)		0		( 6,714)		( 807)		( 8,254)
At 31 January 2025	75,313		8,860		91,829		370,501		17,906		564,409
Accumulated depreciation
At 01 February 2024	33,771		5,217		47,978		142,052		8,916		237,934
Charge for the financial year	7,482		560		10,964		28,113		1,422		48,541
Disposals	0		( 732)		0		( 3,573)		( 470)		( 4,775)
At 31 January 2025	41,253		5,045		58,942		166,592		9,868		281,700
Net book value
At 31 January 2025	34,060		3,815		32,887		203,909		8,038		282,709
At 31 January 2024	40,085		521		43,851		223,682		9,797		317,936

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 February 2024	300
Additions	100
At 31 January 2025	400
Carrying value at 31 January 2025	400
Carrying value at 31 January 2024	300

6. Debtors

	2025		2024
	£		£
Trade debtors	71,835		40,182
Amounts owed by Group undertakings	123,183		38,378
Prepayments	31,328		29,870
VAT recoverable	3,922		20,731
Other debtors	4,310		1,803
	234,578		130,964

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	20,000		20,000
Trade creditors	41,113		40,025
Amounts owed to Group undertakings	54,658		0
Amounts owed to directors	8,794		15,264
Accruals and deferred income	63,670		115,539
Corporation tax	19,885		24,029
Obligations under finance leases and hire purchase contracts (secured)	31,007		48,286
Other creditors	43,204		40,404
	282,331		303,547

The hire purchase contracts are secured against those assets of which they relate to.

The bank loan is secured by a debenture over all of the company's assets and undertakings. It also has a cross guarantee in the form of a debenture from Da Bara (RHL) Limited over all of its assets and undertakings.

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

	2025		2024
	£		£
Bank loans (secured)	8,333		28,333
Obligations under finance leases and hire purchase contracts (secured)	46,093		77,100
	54,426		105,433

The hire purchase contracts are secured against those assets of which they relate to.

The bank loan is secured by a debenture over all of the company's assets and undertakings. It also has a cross guarantee in the form of a debenture from Da Bara (RHL) Limited over all of its assets and undertakings.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
84 Ordinary shares of £ 1.00 each	84		84
1 Ordinary A share of £ 1.00	1		1
1 Ordinary B share of £ 1.00	1		1
1 Ordinary C share of £ 1.00	1		1
1 Ordinary D share of £ 1.00	1		1
	88		88

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	52,000		52,000
between one and five years	156,000		208,000
	208,000		260,000