Company Registration number: 09763004

Pettigrew Bakeries Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 10

Pettigrew Bakeries Limited

(Registration number: 09763004)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	1,333	2,333
Tangible assets	5	207,302	186,799
		208,635	189,132
Current assets
Stocks	6	29,200	26,500
Debtors	7	38,544	30,559
Cash at bank and in hand		352,182	207,407
		419,926	264,466
Creditors: Amounts falling due within one year	8	(328,071)	(270,954)
Net current assets/(liabilities)		91,855	(6,488)
Total assets less current liabilities		300,490	182,644
Provisions for liabilities		(42,109)	(35,978)
Net assets		258,381	146,666
Capital and reserves
Called up share capital	9	100	100
Retained earnings		258,281	146,566
Shareholders' funds		258,381	146,666

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Pettigrew Bakeries Limited

(Registration number: 09763004)
Balance Sheet as at 28 February 2026

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 July 2026 and signed on its behalf by:
 

......................................... Mr D Le Masurier Director

......................................... Mr L S Le Masurier Director

Pettigrew Bakeries Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Pettigrew Bakeries
Cowbridge Road East
Cardiff
CF5 1BE
Wales

These financial statements were authorised for issue by the Board on 30 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Pettigrew Bakeries Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	5% on cost
Plant and machinery	10% on cost
Motor vehicles	20% reducing balance
Fixtures and fittings	10% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Pettigrew Bakeries Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 44 (2025 - 37).

Pettigrew Bakeries Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 March 2025	5,000	5,000
At 28 February 2026	5,000	5,000
Amortisation
At 1 March 2025	2,667	2,667
Amortisation charge	1,000	1,000
At 28 February 2026	3,667	3,667
Carrying amount
At 28 February 2026	1,333	1,333
At 28 February 2025	2,333	2,333

Pettigrew Bakeries Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

5	Tangible assets

	Leasehold improvements £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 March 2025	80,399	75,033	198,834	3,234
Additions	-	15,360	40,484	-
At 28 February 2026	80,399	90,393	239,318	3,234
Depreciation
At 1 March 2025	37,514	43,824	100,375	1,291
Charge for the year	4,020	8,703	19,348	809
At 28 February 2026	41,534	52,527	119,723	2,100
Carrying amount
At 28 February 2026	38,865	37,866	119,595	1,134
At 28 February 2025	42,885	31,209	98,459	1,943

	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2025	30,038	387,538
Additions	-	55,844
At 28 February 2026	30,038	443,382
Depreciation
At 1 March 2025	17,735	200,739
Charge for the year	2,461	35,341
At 28 February 2026	20,196	236,080
Carrying amount
At 28 February 2026	9,842	207,302
At 28 February 2025	12,303	186,799

6

Stocks

	2026 £	2025 £
Stock	29,200	26,500

Pettigrew Bakeries Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

7

Debtors

Current	2026 £	2025 £
Trade debtors	19,390	16,519
Prepayments	14,904	4,040
Other debtors	4,250	10,000
	38,544	30,559

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	38,397	33,198
Taxation and social security	90,786	68,465
Accruals and deferred income	10,817	6,530
Other creditors	188,071	162,761
	328,071	270,954

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

Pettigrew Bakeries Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

10	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2026 £	2025 £
Not later than one year	37,979	19,500
Later than one year and not later than five years	138,875	103,125
	176,854	122,625

The amount of non-cancellable operating lease payments recognised as an expense during the year was £33,606 (2025 - £24,500).

11	Related party transactions

Transactions with directors

As at the year end the company owed the directors an amount of £180,897 (2025 - £157,397). This balance was unsecured, interest free and repayable upon demand.

Income and receivables from related parties

2026	Other related parties £
Sale of goods	10,897

2025	Other related parties £
Sale of goods	50,115
Amounts receivable from related party	1,400

Loans to related parties

2026	Other related parties £	Total £
At start of period	10,000	10,000
Advanced	58,212	58,212
Repaid	(2,500)	(2,500)
Expenses recognised as bad debt	(65,712)	(65,712)
At end of period	-	-

Pettigrew Bakeries Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

2025	Other related parties £	Total £
Advanced	10,000	10,000
At end of period	10,000	10,000

Terms of loans to related parties

The unsecured loan was made to a related company, by way of common control. This balance was interest free and repayable upon demand.