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Company No: 07834262 (England and Wales)

# THE EXPLODING BAKERY LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

THE EXPLODING BAKERY LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

THE EXPLODING BAKERY LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2025
THE EXPLODING BAKERY LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

DIRECTORS | Oliver William Coysh
| Thomas Lyall Oxford-Edwards

REGISTERED OFFICE | 4 Otter Court Manaton Close
| Marsh Barton Trading Estate
| Exeter
| EX2 8PF
| United Kingdom

COMPANY NUMBER | 07834262 (England and Wales)

ACCOUNTANT | Gravita Western Limited
| Keble House
| Southernhay Gardens
| Exeter
| EX1 1NT
| United Kingdom

THE EXPLODING BAKERY LIMITED

## BALANCE SHEET

As at 31 December 2025
THE EXPLODING BAKERY LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 4 | 3,473 |  | 4,682
Tangible assets | 5 | 245,593 |  | 306,524
|  | 249,066 |  | 311,206
Current assets |  |  |  |
Stocks | 6 | 165,833 |  | 151,434
Debtors | 7 | 187,368 |  | 214,398
Cash at bank and in hand | 8 | 386,807 |  | 312,054
|  | 740,008 |  | 677,886
Creditors: amounts falling due within one year | 9 | ( 228,257) |  | ( 222,366)
Net current assets |  | 511,751 |  | 455,520
Total assets less current liabilities |  | 760,817 |  | 766,726
Creditors: amounts falling due after more than one year | 10 | ( 27,556) |  | ( 91,876)
Provision for liabilities | 11, 12 | ( 55,529) |  | ( 70,584)
Net assets |  | 677,732 |  | 604,266
Capital and reserves |  |  |  |
Called-up share capital | 13 | 125 |  | 125
Profit and loss account |  | 677,607 |  | 604,141
Total shareholder's funds |  | 677,732 |  | 604,266

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 The Exploding Bakery Limited (registered number: 07834262) were approved and authorised for issue by the Board of Directors on 09 July 2026. They were signed on its behalf by:

Thomas Lyall Oxford-Edwards Director |  | Oliver William Coysh Director

THE EXPLODING BAKERY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
THE EXPLODING BAKERY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

The Exploding Bakery Limited (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 4 Otter Court Manaton Close, Marsh Barton Trading Estate, Exeter, EX2 8PF, 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

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

##### Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

##### Employee benefits

Defined benefit schemes
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The cost of providing benefits under defined benefit plans is determined separately for each plan using the projected unit credit method, and is based on actuarial valuations.
The change in the net defined benefit liability arising from employee service during the year is recognised as an employee cost. The cost of plan introductions, benefit changes, settlements and curtailments are recognised as an expense in measuring profit or loss in the period in which they arise.

The net defined benefit pension asset or liability in the balance sheet comprises the total for each plan of the present value of the defined benefit obligation (using a discount rate based on high quality corporate bonds), less the fair value of plan assets out of which the obligations are to be settled directly. Fair value is based on market price information, and in the case of quoted securities is the published bid price. The value of a net pension benefit asset is limited to the amount that may be recovered either through reduced contributions or agreed refunds from the scheme.

##### 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

##### 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:

Other intangible assets | 3 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 straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 6 years straight line
Plant and machinery etc. | 25 % reducing balance

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.
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.

##### Leases

The Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under hire purchase contracts are depreciated over their useful lives.
The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.
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.

##### Stocks

Stocks are stated at the lower of cost and net realisable value. 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. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

##### Cash and cash equivalents

Financial instruments are classified and accounted for, accordingly to the substance of the contractualarrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 32 |  | 20

#### 3. Dividends on equity shares

| 2025 |  | 2024
| £ |  | £
Amounts recognised as distributions to equity holders in the financial year: |  |  |
Interim dividend for the financial year ended 31 December 2025 of £120,000(2024: £100,000) per ordinary share | 120,000 |  | 100,000

#### 4. Intangible assets

| Other intangible assets |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 25,951 |  | 25,951
Additions | 1,350 |  | 1,350
Impairment | ( 240) |  | ( 240)
At 31 December 2025 | 27,061 |  | 27,061
Accumulated amortisation |  |  |
At 01 January 2025 | 21,269 |  | 21,269
Charge for the financial year | 2,319 |  | 2,319
At 31 December 2025 | 23,588 |  | 23,588
Net book value |  |  |
At 31 December 2025 | 3,473 |  | 3,473
At 31 December 2024 | 4,682 |  | 4,682

#### 5. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2025 | 104,810 |  | 447,115 |  | 551,925
Additions | 0 |  | 12,410 |  | 12,410
At 31 December 2025 | 104,810 |  | 459,525 |  | 564,335
Accumulated depreciation |  |  |  |  |
At 01 January 2025 | 14,779 |  | 230,622 |  | 245,401
Charge for the financial year | 17,468 |  | 55,873 |  | 73,341
At 31 December 2025 | 32,247 |  | 286,495 |  | 318,742
Net book value |  |  |  |  |
At 31 December 2025 | 72,563 |  | 173,030 |  | 245,593
At 31 December 2024 | 90,031 |  | 216,493 |  | 306,524

#### 6. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks (secured) | 165,833 |  | 151,434

#### 7. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 156,513 |  | 146,046
Amounts owed by Group undertakings (note 15) | ( 10,062) |  | ( 8,836)
Other debtors | 40,917 |  | 77,188
| 187,368 |  | 214,398

#### 8. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 386,807 |  | 312,054

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 7,200 |  | 17,273
Trade creditors | 72,195 |  | 76,863
Taxation and social security | 81,328 |  | 62,741
Obligations under finance leases and hire purchase contracts | 57,107 |  | 52,612
Other creditors | 10,427 |  | 12,877
| 228,257 |  | 222,366

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 7,213
Obligations under finance leases and hire purchase contracts | 27,556 |  | 84,663
| 27,556 |  | 91,876

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

#### 11. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 55,529 |  | 70,584

#### 12. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 70,584) |  | ( 69,154)
Credited/(charged) to the Profit and Loss Account | 15,055 |  | ( 1,430)
At the end of financial year | ( 55,529) |  | ( 70,584)

#### 13. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
125 Ordinary shares of £ 1.00 each | 125 |  | 125

#### 14. Financial commitments

Commitments

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

| 2025 |  | 2024
| £ |  | £
Within one year | 47,833 |  | 50,000
Between one and five years | 72,000 |  | 119,833
Total future minimum lease payments under non-cancellable operating leases | 119,833 |  | 169,833

#### 15. Related party transactions

The Company has availed of the exemption provided in FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a wholly owned member.

#### 16. Ultimate controlling party

Parent Company:

William & Lyall Limited
4 Otter Court Manaton Close Marsh Barton Trading Estate Exeter EX2 8PF

Group accounts are not prepared by William & Lyall Limited