REGISTERED NUMBER: 04158167 (England and Wales)

DOUGHTY CAKES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

M P Doughty

C A Doughty

SECRETARY:

C A Doughty

REGISTERED OFFICE:

Unit 5 Wavell Drive

Lincoln

Lincolnshire

LN3 4PL

REGISTERED NUMBER:

04158167 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Intangible assets

4

11,437

12,656

Tangible assets

5

184,321

133,521

195,758

146,177

CURRENT ASSETS

Stocks

52,182

55,720

Debtors

6

193,785

146,511

Cash at bank

28,089

41,842

274,056

244,073

CREDITORS

Amounts falling due within one year

7

272,408

227,229

NET CURRENT ASSETS

1,648

16,844

TOTAL ASSETS LESS CURRENT LIABILITIES

197,406

163,021

CREDITORS

Amounts falling due after more than one year

8

(161,680

)

(132,396

)

PROVISIONS FOR LIABILITIES

(33,389

)

(29,669

)

NET ASSETS

2,337

956

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

2,237

856

SHAREHOLDERS' FUNDS

2,337

956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by:

C A Doughty - Director

1.	STATUTORY INFORMATION

Doughty Cakes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of cakes is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised at 6.5% on cost.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

Dividends

At the time the dividends were paid the director was not aware that there were insufficient profits available for distribution and the director acknowledges that no further distributions can be made until there are sufficient profits available for that purpose.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

78,855

AMORTISATION

At 1 January 2025

66,199

Charge for year

1,219

At 31 December 2025

67,418

NET BOOK VALUE

At 31 December 2025

11,437

At 31 December 2024

12,656

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

316,774

Additions

108,566

Disposals

(27,277

)

At 31 December 2025

398,063

DEPRECIATION

At 1 January 2025

183,253

Charge for year

47,954

Eliminated on disposal

(17,465

)

At 31 December 2025

213,742

NET BOOK VALUE

At 31 December 2025

184,321

At 31 December 2024

133,521

The net book value of tangible fixed assets includes £ 171,237 (2024 - £ 121,261 ) in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

73,963

52,558

Amounts owed by group undertakings

73,873

58,384

Other debtors

45,949

35,569

193,785

146,511

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,978

4,760

Hire purchase contracts (see note 9)

44,985

33,348

Trade creditors

109,427

131,143

Taxation and social security

58,215

48,195

Other creditors

54,803

9,783

272,408

227,229

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

24,848

29,826

Hire purchase contracts (see note 9)

136,832

102,570

161,680

132,396

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,559

8,510

9.	LEASING AGREEMENTS

Total financial commitments, guarantees and contingencies which are not included in the statement of financial position amount to £13,200 (2024: £12,600).

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

29,826

34,586

Hire purchase contracts

181,817

135,918

211,643

170,504

The bank loans are secured by fixed and floating charges over the undertakings, property and assets of the company.

Hire purchase agreements are secured against the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have overdrawn directors loan accounts brought forward totalling £6,342 (2024: £8,566). During the year, the directors of the company borrowed £21,658 (2024: £6,345) from the company and repaid £6,345 (2024: £8,570). Interest was charged on the overdrawn amount in the year of £298. The overdrawn balance at the end of the year totalled £21,953 (2024: £6,342).