REGISTERED NUMBER: 11728863 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

HONESTLY TASTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss B L Moore

M Moore

REGISTERED OFFICE:

40 Borden Avenue

Enfield

Middlesex

EN1 2BY

REGISTERED NUMBER:

11728863 (England and Wales)

ACCOUNTANTS:

Cook & Partners Limited

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Intangible assets

4

196,044

2,000

Tangible assets

5

236,615

330,587

432,659

332,587

CURRENT ASSETS

Stocks

6

53,436

71,114

Debtors

7

759,015

560,243

Cash at bank

14,373

11,815

826,824

643,172

CREDITORS

Amounts falling due within one year

8

921,981

419,594

NET CURRENT (LIABILITIES)/ASSETS

(95,157

)

223,578

TOTAL ASSETS LESS CURRENT LIABILITIES

337,502

556,165

CREDITORS

Amounts falling due after more than one year

9

130,587

452,241

NET ASSETS

206,915

103,924

CAPITAL AND RESERVES

Called up share capital

2

2

Share premium

2,185,904

2,185,904

Retained earnings

(1,978,991

)

(2,081,982

)

206,915

103,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th October 2026 and were signed on its behalf by:

M Moore - Director

1.	STATUTORY INFORMATION

Honestly Tasty 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.

Going Concern Justification

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31st March 2026 have been prepared using the going concern basis of accounting.

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 2019, is being amortised

evenly over its estimated useful life of ten years.

Goodwill was paid on a separate business acquisition during 2026 and is being amortised evenly over its estimated useful life of ten 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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% 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 Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1st April 2025

5,000

-

5,000

Additions

124,997

91,163

216,160

At 31st March 2026

129,997

91,163

221,160

AMORTISATION

At 1st April 2025

3,000

-

3,000

Amortisation for year

13,000

9,116

22,116

At 31st March 2026

16,000

9,116

25,116

NET BOOK VALUE

At 31st March 2026

113,997

82,047

196,044

At 31st March 2025

2,000

-

2,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st April 2025

138,063

551,767

21,345

Additions

31,375

3,937

-

Disposals

-

-

-

At 31st March 2026

169,438

555,704

21,345

DEPRECIATION

At 1st April 2025

12,258

370,699

14,078

Charge for year

4,330

104,914

3,618

Eliminated on disposal

-

-

-

Transfer to ownership

-

(61,407

)

-

At 31st March 2026

16,588

414,206

17,696

NET BOOK VALUE

At 31st March 2026

152,850

141,498

3,649

At 31st March 2025

125,805

181,068

7,267

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2025

44,835

2,996

759,006

Additions

-

-

35,312

Disposals

(16,995

)

-

(16,995

)

At 31st March 2026

27,840

2,996

777,323

DEPRECIATION

At 1st April 2025

28,696

2,688

428,419

Charge for year

12,821

283

125,966

Eliminated on disposal

(13,677

)

-

(13,677

)

Transfer to ownership

-

61,407

-

At 31st March 2026

27,840

64,378

540,708

NET BOOK VALUE

At 31st March 2026

-

(61,382

)

236,615

At 31st March 2025

16,139

308

330,587

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2025

277,463

44,835

322,298

Disposals

-

(16,995

)

(16,995

)

Transfer to ownership

(71,378

)

(27,840

)

(99,218

)

At 31st March 2026

206,085

-

206,085

DEPRECIATION

At 1st April 2025

194,468

28,696

223,164

Charge for year

55,262

12,821

68,083

Eliminated on disposal

-

(13,677

)

(13,677

)

Transfer to ownership

(61,407

)

(27,840

)

(89,247

)

At 31st March 2026

188,323

-

188,323

NET BOOK VALUE

At 31st March 2026

17,762

-

17,762

At 31st March 2025

82,995

16,139

99,134

6.

STOCKS

2026

2025

£

£

Stocks

53,436

71,114

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

124,705

88,444

Other debtors

16,805

12,619

Deferred tax asset

617,505

459,180

759,015

560,243

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 10)

10,333

5,662

Other loans (see note 10)

268,715

172,580

Hire purchase contracts

22,829

37,197

Trade creditors

58,287

41,005

Social security and other taxes

26,887

8,647

VAT

3,186

6,592

Other creditors

182,716

84,359

Directors' current accounts

269,343

5,156

Deferred income

1,970

-

Accrued expenses

77,715

58,396

921,981

419,594

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 10)

7,006

17,633

Other loans (see note 10)

100,000

415,866

Hire purchase contracts

23,581

18,742

130,587

452,241

10.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

10,333

5,662

Other loans

268,715

172,580

279,048

178,242

Amounts falling due between one and two years:

Bank loans - 1-2 years

7,006

10,325

Other loans - 1-2 years

100,000

-

107,006

10,325

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

7,308

Other loans - 2-5 years

-

415,866

-

423,174

11.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

46,410

55,939

Other Creditors

51,623

-

98,033

55,939

Hire purchase contracts are secured on the tangible fixed assets to which they relate.

Included within Other creditors are loans secured on the company's trade receivables.

12.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the year end of £119,761 (2025: £119,761)