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Company No: 13629011 (England and Wales)

# GLUTEN FREE BAKERS LTD

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

GLUTEN FREE BAKERS LTD

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

GLUTEN FREE BAKERS LTD

## BALANCE SHEET

As at 30 September 2025
GLUTEN FREE BAKERS LTD

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 31,402 |  | 19,513
Tangible assets | 4 | 110,147 |  | 111,397
|  | 141,549 |  | 130,910
Current assets |  |  |  |
Stocks |  | 65,681 |  | 61,859
Debtors | 5 | 96,704 |  | 72,141
Cash at bank and in hand |  | 67,524 |  | 50,587
|  | 229,909 |  | 184,587
Creditors: amounts falling due within one year | 6 | ( 219,792) |  | ( 225,455)
Net current assets/(liabilities) |  | 10,117 |  | (40,868)
Total assets less current liabilities |  | 151,666 |  | 90,042
Creditors: amounts falling due after more than one year | 7 | ( 396,394) |  | ( 275,667)
Provision for liabilities |  | ( 27,000) |  | ( 25,000)
Net liabilities |  | ( 271,728) |  | ( 210,625)
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Profit and loss account |  | ( 271,828 ) |  | ( 210,725 )
Total shareholder's deficit |  | ( 271,728) |  | ( 210,625)

For the financial year ending 30 September 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 Gluten Free Bakers Ltd (registered number: 13629011) were approved and authorised for issue by the Director on 22 June 2026. They were signed on its behalf by:

Mr S A Bryon-Edmond Director |

GLUTEN FREE BAKERS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
GLUTEN FREE BAKERS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 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

Gluten Free Bakers Ltd (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 Unit 4-8 Finnimore Industrial Estate, Ottery St. Mary, EX11 1NR, 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 £.

##### Going concern

The balance sheet shows a deficiency of assets totalling £271,728. The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for at least one year from the date of approval of the accounts. This depends on the continued financial support of the parent company.

##### 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:

Development costs | 5 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 reducing balance basis over its expected useful life, as follows:

Plant and machinery | 10 years straight line
Fixtures and fittings | 5 years straight line
Office equipment | 5 years straight line

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
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.

##### 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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

##### 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 the director | 14 |  | 14

#### 3. Intangible assets

| Development costs |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 34,774 |  | 34,774
Additions | 18,844 |  | 18,844
At 30 September 2025 | 53,618 |  | 53,618
Accumulated amortisation |  |  |
At 01 October 2024 | 15,261 |  | 15,261
Charge for the financial year | 6,955 |  | 6,955
At 30 September 2025 | 22,216 |  | 22,216
Net book value |  |  |
At 30 September 2025 | 31,402 |  | 31,402
At 30 September 2024 | 19,513 |  | 19,513

#### 4. Tangible assets

| Plant and machinery |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 October 2024 | 125,283 |  | 5,788 |  | 5,112 |  | 136,183
Additions | 14,169 |  | 0 |  | 200 |  | 14,369
At 30 September 2025 | 139,452 |  | 5,788 |  | 5,312 |  | 150,552
Accumulated depreciation |  |  |  |  |  |  |
At 01 October 2024 | 21,796 |  | 1,535 |  | 1,455 |  | 24,786
Charge for the financial year | 13,437 |  | 1,157 |  | 1,025 |  | 15,619
At 30 September 2025 | 35,233 |  | 2,692 |  | 2,480 |  | 40,405
Net book value |  |  |  |  |  |  |
At 30 September 2025 | 104,219 |  | 3,096 |  | 2,832 |  | 110,147
At 30 September 2024 | 103,487 |  | 4,253 |  | 3,657 |  | 111,397

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 72,233 |  | 47,711
Prepayments and accrued income | 12,881 |  | 12,735
VAT recoverable | 4,890 |  | 4,995
Other debtors | 6,700 |  | 6,700
| 96,704 |  | 72,141

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 93,483 |  | 58,830
Other loans | 23,395 |  | 68,395
Accruals | 61,525 |  | 63,844
Other taxation and social security | 4,215 |  | 3,272
Other creditors | 37,174 |  | 31,114
| 219,792 |  | 225,455

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to Group undertakings | 396,394 |  | 275,667

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
85 Ordinary A shares of £ 1.00 each | 85 |  | 85
15 Ordinary B shares of £ 1.00 each | 15 |  | 15
| 100 |  | 100

#### 9. Financial commitments

Commitments

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

| 2025 |  | 2024
| £ |  | £
Within one year | 26,750 |  | 26,750
Between one and five years | 30,850 |  | 57,600
Total future minimum lease payments under non-cancellable operating leases | 57,600 |  | 84,350

#### 10. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Loan due to parent undertaking | 396,394 |  | 275,667

No interest has been charged on this balance and there are no fixed dates for repayment.