Company registration number SC194364
STAG BAKERIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
STAG BAKERIES LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
STAG BAKERIES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,048
3,628
Tangible assets
4
300,896
321,312
304,944
324,940
Current assets
Stocks
411,265
423,887
Debtors
5
342,617
299,905
Cash at bank and in hand
686
766
754,568
724,558
Creditors: amounts falling due within one year
6
(378,240)
(399,364)
Net current assets
376,328
325,194
Total assets less current liabilities
681,272
650,134
Creditors: amounts falling due after more than one year
7
(275,766)
(246,010)
Net assets
405,506
404,124
Capital and reserves
Allotted, called up and fully paid share capital
9
400,000
400,000
Profit and loss reserves
5,506
4,124
Total equity
405,506
404,124

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

STAG BAKERIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 20 July 2026 and are signed on its behalf by:
Mr C R MacDonald
Director
Company Registration No. SC194364
STAG BAKERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Stag Bakeries Limited is a private company limited by shares incorporated in Scotland. The registered office is 8 Cannery Road, Stornoway, Isle of Lewis, HS1 2SF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business as a bakery, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which was 20 years.

Goodwill was fully amortised in 2020.

1.4
Intangible fixed assets other than goodwill

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Design & copyright costs
over 5 years
Website
over 3 years
STAG BAKERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies (Continued)
- 4 -
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Long leasehold property
2% on cost
Tenant improvements
10% on cost
Plant and equipment
15% reducing balance
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

STAG BAKERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies (Continued)
- 5 -
1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

STAG BAKERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies (Continued)
- 6 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.14
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
56
62
STAG BAKERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
3
Intangible fixed assets
Goodwill
Design & copyright costs
Website
Total
£
£
£
£
Cost
At 1 April 2025
56,000
73,727
8,100
137,827
Additions
-
0
2,000
-
0
2,000
At 31 March 2026
56,000
75,727
8,100
139,827
Amortisation and impairment
At 1 April 2025
56,000
70,099
8,100
134,199
Amortisation charged for the year
-
0
1,580
-
0
1,580
At 31 March 2026
56,000
71,679
8,100
135,779
Carrying amount
At 31 March 2026
-
0
4,048
-
0
4,048
At 31 March 2025
-
0
3,628
-
0
3,628
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2025
1,109,339
1,476,172
2,585,511
Additions
-
0
17,746
17,746
At 31 March 2026
1,109,339
1,493,918
2,603,257
Depreciation and impairment
At 1 April 2025
966,919
1,297,280
2,264,199
Depreciation charged in the year
8,014
30,148
38,162
At 31 March 2026
974,933
1,327,428
2,302,361
Carrying amount
At 31 March 2026
134,406
166,490
300,896
At 31 March 2025
142,420
178,892
321,312
STAG BAKERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
324,633
271,963
Other debtors
17,984
27,942
342,617
299,905
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
183,374
253,365
Trade creditors
161,329
108,013
Other creditors
33,537
37,986
378,240
399,364

7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
275,766
246,010
8
Loans and overdrafts
2026
2025
£
£
Bank overdrafts
183,374
253,365
Other loans
55,614
19,769
238,988
273,134
Payable within one year
191,045
255,944
Payable after one year
47,943
17,190

The Clydesdale bank holds a standard security and floating charge in respect of the bank overdraft.

STAG BAKERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 9 -
9
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
399,000
399,000
399,000
399,000
Ordinary B of £1 each
1,000
1,000
1,000
1,000
400,000
400,000
400,000
400,000
10
Related party transactions

Other creditors include a loan of £168,575 (2025 - £181,627) from the directors on which interest is paid at 1.25% over bank base rate.

2026-03-31 2025-04-01 false false false 20 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr C MacDonald Mr C R MacDonald Mrs K Graham SC194364 2025-04-01 2026-03-31 SC194364 2026-03-31 SC194364 2025-03-31 SC194364 core:Goodwill 2026-03-31 SC194364 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2026-03-31 SC194364 core:Non-standardIntangibleAssetClass2ComponentIntangibleAssetsOtherThanGoodwill 2026-03-31 SC194364 core:Goodwill 2025-03-31 SC194364 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-03-31 SC194364 core:Non-standardIntangibleAssetClass2ComponentIntangibleAssetsOtherThanGoodwill 2025-03-31 SC194364 core:LandBuildings 2026-03-31 SC194364 core:OtherPropertyPlantEquipment 2026-03-31 SC194364 core:LandBuildings 2025-03-31 SC194364 core:OtherPropertyPlantEquipment 2025-03-31 SC194364 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 SC194364 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 SC194364 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 SC194364 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 SC194364 core:CurrentFinancialInstruments 2026-03-31 SC194364 core:CurrentFinancialInstruments 2025-03-31 SC194364 core:ShareCapital 2026-03-31 SC194364 core:ShareCapital 2025-03-31 SC194364 core:RetainedEarningsAccumulatedLosses 2026-03-31 SC194364 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC194364 core:ShareCapitalOrdinaryShareClass2 2026-03-31 SC194364 core:ShareCapitalOrdinaryShareClass2 2025-03-31 SC194364 core:ShareCapitalOrdinaryShareClass3 2026-03-31 SC194364 core:ShareCapitalOrdinaryShareClass3 2025-03-31 SC194364 core:ShareCapitalOrdinaryShares 2026-03-31 SC194364 core:ShareCapitalOrdinaryShares 2025-03-31 SC194364 bus:Director2 2025-04-01 2026-03-31 SC194364 core:Goodwill 2025-04-01 2026-03-31 SC194364 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-04-01 2026-03-31 SC194364 core:Non-standardIntangibleAssetClass2ComponentIntangibleAssetsOtherThanGoodwill 2025-04-01 2026-03-31 SC194364 core:LandBuildings core:LongLeaseholdAssets 2025-04-01 2026-03-31 SC194364 core:LeaseholdImprovements 2025-04-01 2026-03-31 SC194364 core:PlantMachinery 2025-04-01 2026-03-31 SC194364 core:MotorVehicles 2025-04-01 2026-03-31 SC194364 2024-04-01 2025-03-31 SC194364 core:Goodwill 2025-03-31 SC194364 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-03-31 SC194364 core:Non-standardIntangibleAssetClass2ComponentIntangibleAssetsOtherThanGoodwill 2025-03-31 SC194364 2025-03-31 SC194364 core:Goodwill core:ExternallyAcquiredIntangibleAssets 2025-04-01 2026-03-31 SC194364 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:ExternallyAcquiredIntangibleAssets 2025-04-01 2026-03-31 SC194364 core:Non-standardIntangibleAssetClass2ComponentIntangibleAssetsOtherThanGoodwill core:ExternallyAcquiredIntangibleAssets 2025-04-01 2026-03-31 SC194364 core:ExternallyAcquiredIntangibleAssets 2025-04-01 2026-03-31 SC194364 core:LandBuildings 2025-03-31 SC194364 core:OtherPropertyPlantEquipment 2025-03-31 SC194364 core:LandBuildings 2025-04-01 2026-03-31 SC194364 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 SC194364 core:Non-currentFinancialInstruments 2026-03-31 SC194364 core:Non-currentFinancialInstruments 2025-03-31 SC194364 core:WithinOneYear 2026-03-31 SC194364 core:WithinOneYear 2025-03-31 SC194364 bus:OrdinaryShareClass2 2025-04-01 2026-03-31 SC194364 bus:OrdinaryShareClass3 2025-04-01 2026-03-31 SC194364 bus:OrdinaryShareClass2 2026-03-31 SC194364 bus:OrdinaryShareClass2 2025-03-31 SC194364 bus:OrdinaryShareClass3 2026-03-31 SC194364 bus:OrdinaryShareClass3 2025-03-31 SC194364 bus:AllOrdinaryShares 2026-03-31 SC194364 bus:AllOrdinaryShares 2025-03-31 SC194364 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC194364 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 SC194364 bus:FRS102 2025-04-01 2026-03-31 SC194364 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 SC194364 bus:Director1 2025-04-01 2026-03-31 SC194364 bus:CompanySecretary1 2025-04-01 2026-03-31 SC194364 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP