REGISTERED NUMBER: 14655849 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

On the Solent Bakery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A M Meggison

REGISTERED OFFICE:

17 Churcher Close

Gosport

Hampshire

PO12 2SL

REGISTERED NUMBER:

14655849 (England and Wales)

ACCOUNTANTS:

AM-PM Accounting Solutions Limited

Building 6000

Langstone Technology Park

Langstone Road

Havant

Hampshire

PO9 1SA

FIXED ASSETS

Intangible assets

4

4,000

6,000

Tangible assets

5

3,639

4,853

7,639

10,853

CURRENT ASSETS

Stocks

3,433

2,965

Debtors

6

10,850

14,843

Cash at bank and in hand

12,346

10,993

26,629

28,801

CREDITORS

Amounts falling due within one year

7

75,920

74,465

NET CURRENT LIABILITIES

(49,291

)

(45,664

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,652

)

(34,811

)

CREDITORS

Amounts falling due after more than one year

8

(7,194

)

(10,008

)

PROVISIONS FOR LIABILITIES

(222

)

(389

)

NET LIABILITIES

(49,068

)

(45,208

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(49,070

)

(45,210

)

(49,068

)

(45,208

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 May 2026 and were signed by:

A M Meggison - Director

1.	STATUTORY INFORMATION

On the Solent Bakery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.

Going concern

The financial statements for the year ended 28th February 2026 have been prepared on a going concern basis. In making this going concern assessment, the directors have not considered a period of greater than 12 months from the date of approval of these financial statements.

Despite net liabilities exceeding net assets for the period ending 28th February 2026, the directors feel that as the majority of net liabilities are directors loan accounts, the going concern basis of preparation remains appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2025 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

10,000

AMORTISATION

At 1 March 2025

4,000

Charge for year

2,000

At 28 February 2026

6,000

NET BOOK VALUE

At 28 February 2026

4,000

At 28 February 2025

6,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2025

and 28 February 2026

5,000

3,495

100

8,595

DEPRECIATION

At 1 March 2025

2,188

1,529

25

3,742

Charge for year

703

492

19

1,214

At 28 February 2026

2,891

2,021

44

4,956

NET BOOK VALUE

At 28 February 2026

2,109

1,474

56

3,639

At 28 February 2025

2,812

1,966

75

4,853

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

-

(98

)

Other debtors

10,850

14,941

10,850

14,843

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade creditors

(1

)

1

Taxation and social security

2,002

1,815

Other creditors

73,919

72,649

75,920

74,465

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Other creditors

7,194

10,008

9.	RELATED PARTY DISCLOSURES

Included within other creditors at 28th February 2026 is a loan balance totalling £70,169 (2025 £66,767), owed to Mr A Meggison, a director. This loan is provided interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

These is no single ultimate controlling party.