Registration number: SC465263

Clarks' Bakery Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Financial Statements	3 to 9

Clarks' Bakery Limited

(Registration number: SC465263)
Statement of Financial Position as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	624,866	490,008
Current assets
Stocks	6	34,050	33,058
Debtors	7	691,834	571,393
Cash at bank and in hand		52,889	18,279
		778,773	622,730
Creditors: Amounts falling due within one year	8	(614,395)	(554,733)
Net current assets		164,378	67,997
Total assets less current liabilities		789,244	558,005
Creditors: Amounts falling due after more than one year	8	(232,275)	(203,184)
Provisions for liabilities		(113,323)	(87,717)
Net assets		443,646	267,104
Capital and reserves
Called up share capital		100	100
Retained earnings		443,546	267,004
Shareholders' funds		443,646	267,104

For the financial year ending 31 July 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Income Statement.

Clarks' Bakery Limited

(Registration number: SC465263)
Statement of Financial Position as at 31 July 2025

Approved and authorised by the Board on 23 October 2025 and signed on its behalf by:
 

......................................... Mr Jonathon Clark Director

Clarks' Bakery Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Unit3, Annfield Row
Peddie Street
DUNDEE
DD1 5JH

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 and deferred 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.

Clarks' Bakery Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Plant & Machinery	15% reducing balance
Computers & Equipment	50% reducing balance
Motor vehicles	25% reducing balance
Furniture & Fittings	15% reducing balance
Property	2% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

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.

Clarks' Bakery Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

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.

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 income statement 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Clarks' Bakery Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 135 (2024 - 130).

Clarks' Bakery Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 August 2024	365,684	365,684
At 31 July 2025	365,684	365,684
Amortisation
At 1 August 2024	365,684	365,684
At 31 July 2025	365,684	365,684
Carrying amount
At 31 July 2025	-	-

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 August 2024	28,783	129,285	433,300	65,855	294,138
Additions	4,463	22,752	99,031	4,071	115,226
Disposals	-	-	-	-	(30,800)
At 31 July 2025	33,246	152,037	532,331	69,926	378,564
Depreciation
At 1 August 2024	4,269	84,957	185,370	59,280	127,477
Charge for the year	545	7,122	42,061	3,128	40,209
Eliminated on disposal	-	-	-	-	(13,180)
At 31 July 2025	4,814	92,079	227,431	62,408	154,506
Carrying amount
At 31 July 2025	28,432	59,958	304,900	7,518	224,058
At 31 July 2024	24,514	44,328	247,930	6,575	166,661

Clarks' Bakery Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

	Total £
Cost or valuation
At 1 August 2024	951,361
Additions	245,543
Disposals	(30,800)
At 31 July 2025	1,166,104
Depreciation
At 1 August 2024	461,353
Charge for the year	93,065
Eliminated on disposal	(13,180)
At 31 July 2025	541,238
Carrying amount
At 31 July 2025	624,866
At 31 July 2024	490,008

Included within the net book value of land and buildings above is £28,433 (2024 - £24,514) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	34,050	33,058

7

Debtors

Current	2025 £	2024 £
Trade debtors	161,326	126,273
Prepayments	19,336	18,013
Other debtors	511,172	427,107
	691,834	571,393

Clarks' Bakery Limited

Notes to the Financial Statements for the Year Ended 31 July 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	38,757	34,924
Trade creditors		323,152	269,255
Taxation and social security		152,480	155,428
Accruals and deferred income		28,224	35,010
Other creditors		71,782	60,116
		614,395	554,733

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	232,275	203,184

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	133,766	148,262
Hire purchase contracts	98,509	54,922
	232,275	203,184

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	20,061	20,061
Hire purchase contracts	18,696	14,863
	38,757	34,924