WILD HEARTH BAKERY LIMITED


Directors	J J Castley
	C A Rogers


Company Secretary	ROGERS, Caroline Anne


Registered Address	42 Comrie Street
	Crieff
	PH7 4AX


Registered Number	SC543706 (Scotland)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the provisions of Section 1A' Small Entitles' (FRS102 section 1A) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

	Going concern
	After reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	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.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue 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 transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue 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 transition can be measured reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Foreign currency translation
	Transactions in currencies other than the functional currency are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated to the functional currency at the exchange rate prevailing at the balance sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction. All exchange differences are taken into profit and loss

Foreign currency translation

Transactions in currencies other than the functional currency are recorded at the rate of exchange on the date the transaction occurred.  Monetary items denominated in other currencies are translated to the functional currency at the exchange rate prevailing at the balance sheet date.  Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction.  All exchange differences are taken into profit and loss

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured as 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
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.

	Finance leases and hire purchase contracts
	Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term. Assets held under finance leases (which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company) and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of the useful lives or the term of the lease.

Finance leases and hire purchase contracts

Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
Assets held under finance leases (which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company) and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of the useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, freight, irrecoverable taxes and other directly attributable costs which are incurred by the entity in bringing the stock to its present location and condition. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, freight, irrecoverable taxes and other directly attributable costs which are incurred by the entity in bringing the stock to its present location and condition. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	37		35

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 25	125	125
At 31 December 25	125	125
Net book value
At 31 December 25	125	125
At 31 December 24	125	125

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 25	357,652	459,340	127,220	6,618	950,830
Additions	544	55,075	51,690	-	107,309
Disposals	-	-	(25,490)	-	(25,490)
At 31 December 25	358,196	514,415	153,420	6,618	1,032,649
Depreciation and impairment
At 01 January 25	11,760	194,170	47,471	2,849	256,250
Charge for year	40,053	44,163	27,455	1,299	112,970
On disposals	-	-	(11,005)	-	(11,005)
At 31 December 25	51,813	238,333	63,921	4,148	358,215
Net book value
At 31 December 25	306,383	276,082	89,499	2,470	674,434
At 31 December 24	345,892	265,170	79,749	3,769	694,580


	Included in the net book value of land and buildings above is £259,221 (2024: £259,211) in respect of freehold land and buildings.

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	20,000	15,000
Total	20,000	15,000

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	30,457	23,782
Bank borrowings and overdrafts	41,947	45,157
Taxation and social security	74,057	14,462
Finance lease and HP contracts	61,923	50,811
Other creditors	36,167	64,245
Accrued liabilities and deferred income	-	461
Total	244,551	198,918

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	68,557
Other creditors	87,697	108,179
Total	87,697	176,736


	The bank borrowings and overdrafts relate to a Business Bounce Back Loan from Royal Bank of Scotland, guaranteed by the UK Government and is unsecured. It bears interest at 2.5% and is repayable over a 5 year term. They also include a loan from Shawbrook Bank Limited of £70,000 drawn down in March 2024. This loan is unsecured bears interest at 18.36% and is repayable over 3 years. The other creditors comprise liabilities under finance leases and hire purchase contracts falling due after one year which are secured over the individual assets in respect of which the finance was taken.

The bank borrowings and overdrafts relate to a Business Bounce Back Loan from Royal Bank of Scotland, guaranteed by the UK Government and is unsecured.  It bears interest at 2.5% and is repayable over a 5 year term.

They also include a loan from Shawbrook Bank Limited of £70,000 drawn down in March 2024.  This loan is unsecured bears interest at 18.36% and is repayable over 3 years.

The other creditors comprise liabilities under finance leases and hire purchase contracts falling due after one year which are secured over the individual assets in respect of which the finance was taken.

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	149,620		158,990

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	47,587	78,671
Total	47,587	78,671

10.	Operating lease commitments
	At 31/12/2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £14,495 (2024: £26,675).

11.	Related party transactions
	At the year end the company owed the director £32,326 (2024: £61,214).

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		125		125
Tangible assets	4		674,434		694,580
			674,559		694,705
Current assets
Stocks	5	20,000		15,000
Debtors		35,731		43,063
Cash at bank and on hand		134,700		59,291
		190,431		117,354
Creditors amounts falling due within one year	6	(244,551)		(198,918)
Net current assets (liabilities)			(54,120)		(81,564)
Total assets less current liabilities			620,439		613,141
Creditors amounts falling due after one year	7		(87,697)		(176,736)
Provisions for liabilities	9		(47,587)		(78,671)
Net assets			485,155		357,734
Capital and reserves
Called up share capital			10		10
Profit and loss account			485,145		357,724
Shareholders' funds			485,155		357,734