Holtwhites Bakery Limited - Filleted accounts

Registered number

07533067

Holtwhites Bakery Limited

Filleted Accounts

31 December 2025

Holtwhites Bakery Limited
Registered number:		07533067
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		261,310			275,189

Current assets
Stocks		26,250			26,250
Debtors	4	18,598			37,940
Undeposited funds		26,550			-
Paypal		187			-
Cash at bank deposit		202,231			-
Cash at bank and in hand		185,986			216,272
		459,802			280,462

Creditors: amounts falling due within one year	5	(301,286)			(345,065)

Net current assets/(liabilities)			158,516			(64,603)

Total assets less current liabilities			419,826			210,586

Creditors: amounts falling due after more than one year	6		(212,441)			(97,974)

Provisions for liabilities			(63,000)			(50,129)


Net assets			144,385			62,483

Capital and reserves
Called up share capital			2			2
Profit and loss account			144,383			62,481

Shareholders' funds			144,385			62,483

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



K. L. Smith
Director
Approved by the board on 8 September 2026

Holtwhites Bakery Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Depreciation of fixed assets is calculated using the “reducing balance method”, whereby depreciation is charged at a constant annual rate on the net book value of each asset at the beginning of the financial year. Depreciation shall commence when the asset is available for use and shall cease when the asset is fully depreciated, disposed of, or classified as held for sale, whichever occurs first. The applicable depreciation rates shall be based on management’s estimate of the useful lives and residual values of the assets and shall be reviewed at each reporting date. The depreciation expense shall be recognised in the profit and loss statement, unless it is included in the carrying amount of another asset in accordance with the applicable accounting standards. Gains or losses arising from the disposal of fixed assets shall be recognised in the profit and loss statement and calculated as the difference between the disposal proceeds and the asset’s carrying amount.

	Freehold buildings			over 20 years
	Plant and machinery			over 10 years
	Fixtures, fittings, tools and equipment			over 10 years
	Motor vehicles			Between 2 and 3 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					65		60


3	Tangible fixed assets
		Land and buildings		Plant, machinery, fixtures & fittings		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	129,857		436,621		31,291		597,769
	Additions	-		17,266		-		17,266
	At 31 December 2025	129,857		453,887		31,291		615,035

	Depreciation
	At 1 January 2025	81,170		224,566		16,844		322,580
	Charge for the year	2,434		22,932		5,779		31,145
	At 31 December 2025	83,604		247,498		22,623		353,725

	Net book value
	At 31 December 2025	46,253		206,389		8,668		261,310
	At 31 December 2024	48,687		212,055		14,447		275,189


4	Debtors					2025		2024
£							£

	Trade debtors					6,373		14,811
	Prepayments					8,959		15,886
	Bad debt provision					(2,000)		(2,000)
	Rent deposit					15,000		15,000
	Other debtors - VAT					(9,734)		(5,757)
						18,598		37,940


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					117,164		199,448
	Taxation and social security costs					72,403		44,453
	Staff holiday pay accrual					12,000		10,000
	Credit card					3,071		-
	Accruals					11,768		6,612
	Peoples Pension					4,479		-
	Other creditors					80,401		84,552
						301,286		345,065


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Directors' account					64,441		48,974
	Creditors					111,000		-
	Other creditors					37,000		49,000
						212,441		97,974


7	Controlling party

	Ultimate control of the Company is held by K. L. Smith & R. J. Copsey, the Directors of the Company


8	Other information

	Holtwhites Bakery Limited is a private company limited by shares and incorporated in England. Its registered office is:
	28 Bycullah Avenue
	Enfield
	Middlesex
	EN2 8DN