Poveys Oatcakes Limited

Registered number

09130316

Report and Accounts

31 July 2025

Poveys Oatcakes Limited
Registered number:		09130316
Directors' Report

The directors present their report and accounts for the year ended 31 July 2025.

Principal activities
The company's principal activity during the year continued to be that of the manufacture of food products.

Directors
The following persons served as directors during the year:

	Alex Povey

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 14 April 2026 and signed by its order.





Alex Povey
Secretary

Poveys Oatcakes Limited

Report to the directors on the preparation of the unaudited statutory accounts of Poveys Oatcakes Limited for the year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Poveys Oatcakes Limited for the year ended 31 July 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

LSGK Accountants Ltd
Chartered Certified Accountants Ltd
19/21 Talbot Street
Leek
England
ST13 5JT


14 April 2026

Poveys Oatcakes Limited
Profit and Loss Account
for the year ended 31 July 2025


	2025		2024
£		£

Turnover	1,137,019		1,063,480

Cost of sales	(234,010)		(217,912)

Gross profit	903,009		845,568

Distribution costs	-		-
Administrative expenses	(649,370)		(563,174)
Other operating income	-		-

Operating profit	253,639		282,394

Interest receivable	3,692		3,280
Interest payable	(1,314)		(1,531)

Profit before taxation	256,017		284,143

Tax on profit	(63,708)		(74,080)

Profit for the financial year	192,309		210,063

Poveys Oatcakes Limited
Registered number:		09130316
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		107,395			106,212
			107,395			106,212

Current assets
Stocks		3,640			3,640
Debtors	5	508,695			180,154
Cash at bank and in hand		108,636			280,429
		620,971			464,223

Creditors: amounts falling due within one year	6	(86,352)			(84,730)

Net current assets			534,619			379,493

Total assets less current liabilities			642,014			485,705

Creditors: amounts falling due after more than one year	7		-			-

Provisions for liabilities			-			-


Net assets			642,014			485,705

Capital and reserves
Called up share capital			100			100
Profit and loss account			641,914			485,605

Shareholders' funds			642,014			485,705

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Alex Povey
Director
Approved by the board on 14 April 2026

Poveys Oatcakes Limited
Statement of Changes in Equity
for the year ended 31 July 2025

Share		Share		Re-		Profit		Total
capital		premium		valuation		and loss
reserve						account
£		£		£		£		£

At 1 August 2023	100		-		-		311,542		311,642

Profit for the financial year							210,063		210,063

Gain on revaluation of land and buildings					-				-
Deferred taxation arising on the revaluation of land and buildings					-				-
Other comprehensive income for the financial year	-		-		-		-		-
Total comprehensive income for the financial year	-		-		-		210,063		210,063

Dividends							(36,000)		(36,000)
Shares issued	-		-						-
Shares redeemed	-								-

At 31 July 2024	100		-		-		485,605		485,705
Correction of prior year errors							-		-
Effect of retrospective changes in accounting policies							-		-
At 31 July 2024 as restated	100		-		-		485,605		485,705



At 1 August 2024	100		-		-		485,605		485,705

Profit for the financial year							192,309		192,309

Gain on revaluation of land and buildings					-				-
Deferred taxation arising on the revaluation of land and buildings					-				-
Other comprehensive income for the financial year	-		-		-		-		-
Total comprehensive income for the financial year	-		-		-		192,309		192,309

Dividends							(36,000)		(36,000)
Shares issued	-		-						-
Shares redeemed	-								-

At 31 July 2025	100		-		-		641,914		642,014

Poveys Oatcakes Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Vehicles			25% Reducing balance
	Plant and machinery			20% Reducing balance
	Fixtures, fittings, tools and equipment			20% Reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Exceptional items					2025		2024
£							£




						-		-


3	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					18		15


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 August 2024	60,854		141,541		78,342		280,737
	Additions	-		13,692		-		13,692
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		-		-
	At 31 July 2025	60,854		155,233		78,342		294,429

	Depreciation
	At 1 August 2024	-		110,155		64,370		174,525
	Charge for the year	-		9,016		3,493		12,509
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		-		-
	At 31 July 2025	-		119,171		67,863		187,034

	Net book value
	At 31 July 2025	60,854		36,062		10,479		107,395
	At 31 July 2024	60,854		31,386		13,972		106,212


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					-		-
	Cumulative depreciation based on historical cost					-		-
						-		-


5	Debtors					2025		2024
£							£

	Trade debtors					111,782		75,168
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					-		-
	Deferred tax asset					-		-
	Other debtors					396,913		104,986
						508,695		180,154

	Amounts due after more than one year included above					-		-


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Non-equity preference shares					-		-
	Bank loans and overdrafts					-		825
	Obligations under finance lease and hire purchase contracts					-		911
	Trade creditors					23,713		15,144
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-
	Taxation and social security costs					70,754		78,932
	Other creditors					(8,115)		(11,082)
						86,352		84,730


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Non-equity preference shares					-		-
	Bank loans					-		-
	Obligations under finance lease and hire purchase contracts					-		-
	Trade creditors					-		-
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		-
	Other creditors					-		-
						-		-


8	Other information

	Poveys Oatcakes Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 Brindley Court Prospect Way,
	Knypersley,
	Stoke-On-Trent,
	England,
	ST8 7PP