Welbournes Bakery Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04043033

WELBOURNES BAKERY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

WELBOURNES BAKERY LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	77,762	103,171

Current assets

Stocks		32,403	30,139
Debtors	6	21,767	22,513
Cash at bank and in hand		17,649	7,886
		---------	---------
		71,819	60,538

Creditors: amounts falling due within one year	7	394,375	359,845
		----------	----------
Net current liabilities		322,556	299,307
		----------	----------
Total assets less current liabilities		( 244,794)	( 196,136)

Creditors: amounts falling due after more than one year	8	138,202	173,946

Provisions	16,964	22,896
	----------	----------
Net liabilities	( 399,960)	( 392,978)
	----------	----------

WELBOURNES BAKERY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 400,060)	( 393,078)
	----------	----------
Shareholders deficit	( 399,960)	( 392,978)
	----------	----------

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 income and retained earnings has not been delivered.

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 December 2025 , and are signed on behalf of the board by:

S Hancock
Director

Company registration number: 04043033

WELBOURNES 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 Tower House, Lucy Tower Street, Lincoln, LN1 1XW, England.

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.

Going concern

The company has made a loss during the accounting period and has a Statement of Financial Position deficit at the period end. The company can continue to rely on financial support from within the group and is able to continue to settle its external liabilities as and when they fall due. The company is expected to return to profitability in the short term. On that basis the director considers that the going concern basis remains appropriate for the production of the financial statements.

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.

Income tax

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:

Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	15% reducing balance
Equipment	-	10% reducing balance

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 17 (2024: 18 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	201,023	29,928	10,044	240,995
Additions	183	–	–	183
Disposals	( 15,246)	–	–	( 15,246)
	----------	---------	---------	----------
At 31 March 2025	185,960	29,928	10,044	225,932
	----------	---------	---------	----------
Depreciation
At 1 April 2024	129,182	5,338	3,304	137,824
Charge for the year	8,937	3,688	674	13,299
Disposals	( 2,953)	–	–	( 2,953)
	----------	---------	---------	----------
At 31 March 2025	135,166	9,026	3,978	148,170
	----------	---------	---------	----------
Carrying amount
At 31 March 2025	50,794	20,902	6,066	77,762
	----------	---------	---------	----------
At 31 March 2024	71,841	24,590	6,740	103,171
	----------	---------	---------	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	5,780	12,308
Other debtors	15,987	10,205
	---------	---------
	21,767	22,513
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,000	5,000
Trade creditors	59,908	65,385
Amounts owed to group undertakings and undertakings in which the company has a participating interest	201,410	185,284
Social security and other taxes	98,656	68,694
Other creditors	29,401	35,482
	----------	----------
	394,375	359,845
	----------	----------

Included within creditors under 1 year is an amount totalling £9,209 (2024: £17,320) held under Hire Purchase agreements. These are secured creditors.

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

	2025	2024
	£	£
Bank loans and overdrafts	31,446	38,101
Other creditors	106,756	135,845
	----------	----------
	138,202	173,946
	----------	----------

Included within creditors more than 1 year is an amount totalling £1,534 (2024: £10,743) held under Hire Purchase agreements. These are secured creditors.

9. Related party transactions

The company is a 100% subsidiary of Wild Jacks Limited, a company registered in England & Wales, company number 12801539. During the period, the company made sales and incurred costs on an arms length basis with companies within the group. Unsecured loans were also made to and from group companies as are disclosed in note 9 to the accounts. No other transactions with related parties subsisted during the year, such as are required to be disclosed under FRS102.

10. Controlling party

The ultimate controlling party is Mr S Hancock .