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Registered number: 00416192
Shephards (Bakers) Limited
Unaudited Financial Statements
For The Year Ended 5 April 2026
MACRO ACCOUNTANCY LTD
Willows Holt Yard, Willows Holt
Willows Lane, Sibsey,
Boston
Lincolnshire
PE22 0TG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00416192
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 399,133 395,800
399,133 395,800
CURRENT ASSETS
Debtors 5 173,360 173,360
Cash at bank and in hand 7,396 6,923
180,756 180,283
Creditors: Amounts Falling Due Within One Year 6 (198,421 ) (261,823 )
NET CURRENT ASSETS (LIABILITIES) (17,665 ) (81,540 )
TOTAL ASSETS LESS CURRENT LIABILITIES 381,468 314,260
Creditors: Amounts Falling Due After More Than One Year 7 (261,333 ) (175,729 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,154 ) (11,342 )
NET ASSETS 107,981 127,189
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Capital redemption reserve (199,000 ) (199,000 )
Profit and Loss Account 305,981 325,189
SHAREHOLDERS' FUNDS 107,981 127,189
Page 1
Page 2
For the year ending 5 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Scuffham
Director
11/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Shephards (Bakers) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00416192 . The registered office is 21 Wide Bargate, Boston, Lincolnshire, PE21 6SR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Leasehold 0%
Plant & Machinery 10% reducing balance basis
Fixtures & Fittings 15% reducing balance basis
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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Page 4
2.4. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2025: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 6 April 2025 330,494 4,669 431,608 3,219 769,990
Additions - - 3,333 - 3,333
As at 5 April 2026 330,494 4,669 434,941 3,219 773,323
Depreciation
As at 6 April 2025 - - 372,003 2,187 374,190
As at 5 April 2026 - - 372,003 2,187 374,190
Net Book Value
As at 5 April 2026 330,494 4,669 62,938 1,032 399,133
As at 6 April 2025 330,494 4,669 59,605 1,032 395,800
5. Debtors
2026 2025
£ £
Due within one year
Other debtors 173,360 173,360
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 1,890 320
Bank loans and overdrafts 19,600 30,000
Other taxes and social security 748 330
VAT 260 514
Other creditors 3,165 2,712
Accruals and deferred income 1,800 1,100
Director's loan account 170,958 226,847
198,421 261,823
The company had taken out a bank loan which was secured by assets held by the director personally.
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 261,333 175,729
The company had taken out a bank loan which was secured by assets held by the director personally.
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 6 April 2025 11,342 11,342
Utilised 812 812
Balance at 5 April 2026 12,154 12,154
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5