GROUNDED BAKERY LTD

GROUNDED BAKERY LTD
Contents Page
For the Period 18 October 2024 to 31 October 2025

Statement of Financial Position	1
Notes to the Financial Statements	2

GROUNDED BAKERY LTD
Statement of Financial Position
As at 31 October 2025

	Notes	2025 £
Fixed assets
Tangible fixed assets	3	58,240
		58,240
Current assets
Stocks		15,400
Debtors		30,049
Cash at bank and in hand		60,198
		105,647
Creditors: amount falling due within one year		(193,391)
Net current assets		(87,744)

Total assets less current liabilities		(29,504)
Net assets		(29,504)

Capital and reserves
Called up share capital		100
Profit and loss account		(29,604)
Shareholders' funds		(29,504)

For the period ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 18 October 2026 and were signed on its behalf by:

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Smail BELHOUARI
Director

1

GROUNDED BAKERY LTD
Notes to the Abridged Financial Statements
For the Period 18 October 2024 to 31 October 2025

General Information

GROUNDED BAKERY LTD is a private company, limited by shares, registered in , registration number 16026819, registration address 9 WHITECHAPEL ROAD, LONDON, E1 1DU.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

20% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the period was 32.

3.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 18 October 2024	-	-
Additions	72,799	72,799
Disposals	-	-
At 31 October 2025	72,799	72,799
Depreciation
At 18 October 2024	-	-
Charge for period	14,559	14,559
On disposals	-	-
At 31 October 2025	14,559	14,559
Net book values
Closing balance as at 31 October 2025	58,240	58,240
Opening balance as at 18 October 2024	-	-

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