Flourish Craft Bakery Ltd Accounts






Flourish Craft Bakery Ltd

	Company No. 03986982
		Information for Filing with The Registrar
		31 May 2026

at	31 May 2026
Company No.		03986982	Notes	2026	2025
				£	£
Fixed assets

	Tangible assets		5	147,708	1,204,062


				147,708	1,204,062
Current assets
	Stocks		6	63,000	63,000
	Debtors		7	379,419	324,541

	Cash at bank and in hand			509,745	500,654
				952,164	888,195
Creditors: Amount falling due within one year			8	(504,762)	(551,476)
Net current assets				447,402	336,719
Total assets less current liabilities				595,110	1,540,781
Creditors: Amounts falling due after more than one year			9	(2,494)	(497,568)
Provisions for liabilities
	Deferred taxation		11	(32,079)	(52,504)

Net assets				560,537	990,709

Capital and reserves
	Called up share capital			125	125



	Profit and loss account		13	560,412	990,584

Total equity				560,537	990,709



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 06 October 2026 and signed on its behalf by:
Paul O'Connell
Director
06 October 2026

for the year ended 31 May 2026

General information

Flourish Craft Bakery Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 03986982

Its registered office is:

Unit 2

Garnett Close

Watford

WD24 7GL

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, net of estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, which is when the goods are delivered and legal title has passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Freehold buildings

2% straight line

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Furniture, fittings and equipment

25% reducing balance

Leased assets

Leases which transfer substantially all the risks and rewards of ownership to the company, including hire purchase contracts, are treated as finance leases. The assets are recognised at the lower of fair value and the present value of the minimum lease payments and are depreciated in the same way as owned assets; the finance charge is allocated to the profit and loss account over the term so as to give a constant rate on the outstanding obligation. All other leases are operating leases and the rentals are charged to the profit and loss account on a straight-line basis over the lease term.

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 profit and loss account because of items of income or expense that are taxable or deductible in other years 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employee benefits

Defined contribution pensions

The company operates a defined contribution pension plan for its employees and contributes to the personal pension plans of its directors. Contributions are charged to the profit and loss account as they fall due; amounts not paid at the balance sheet date are included in accruals. The assets of the plans are held separately from those of the company in independently administered funds.

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	79	98

4	Taxation
		(a) Tax on profit on ordinary activities	2026	2025
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	63,498	24,132

		Total corporation tax	63,498	24,132

		Origination and reversal of timing differences	(20,425)	3,409

		Total deferred tax	(20,425)	3,409

		Tax on profit on ordinary activities	43,073	27,541

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2026	2025
		147	£	£
		Profit on ordinary activities before tax	171,703	91,138

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	42,926	22,785
		Expenses not deductible for tax purposes	147	4,756




		Tax on profit on ordinary activities	43,073	27,541

5	Tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£	£
		Cost or revaluation
		At 1 June 2025	1,211,780	1,031,449	160,421	244,300	2,647,950
		Additions	-	5,247	13,250	-	18,497


		Disposals	(1,211,780)	-	(31,990)	(204,685)	(1,448,455)
		At 31 May 2026	-	1,036,696	141,681	39,615	1,217,992
		Depreciation
		At 1 June 2025	258,447	923,976	76,826	184,639	1,443,888
		Charge for the year	-	28,177	19,713	1,340	49,230


		Disposals	(258,447)	-	(13,996)	(150,391)	(422,834)
		At 31 May 2026	-	952,153	82,543	35,588	1,070,284
		Net book values
		At 31 May 2026	-	84,543	59,138	4,027	147,708
		At 31 May 2025	953,333	107,473	83,595	59,661	1,204,062

6	Stocks
			2026	2025
			£	£
		Raw materials and consumables	63,000	63,000


			63,000	63,000

7	Debtors
			2026	2025
			£	£
		Trade debtors	267,349	225,926
		Amounts owed by group undertakings	-	5,000




		Other debtors	30,235	22,466
		Prepayments and accrued income	81,835	71,149
			379,419	324,541

8	Creditors:
		amounts falling due within one year
			2026	2025
			£	£

		Bank loans and overdrafts	-	120,688

		Obligations under finance lease and hire purchase contracts	28,368	25,478
		Trade creditors	165,053	149,687
		Amounts owed to group undertakings	-	2,400
		Taxes and social security	124,332	96,106
		Loans from directors	7,886	7,886
		Other creditors	135,171	139,584
		Accruals and deferred income	43,952	9,647
			504,762	551,476

9	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£

		Bank loans and overdrafts	-	466,706

		Obligations under finance lease and hire purchase contracts	2,494	30,862




			2,494	497,568

		Liabilities repayable in more than five years after the balance sheet date
		Amount repayable by instalments	-	366,569

			-	366,569

10	Creditors: secured liabilities
			2026	2025
			£	£
		The aggregate amount of secured liabilities included within creditors	30,862	543,735

		Hire purchase liabilities are secured on the assets to which they relate.

11	Deferred taxation
			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 June 2025	52,504	52,504
		Charge to the profit and loss account for the period	(20,425)	(20,425)

		At 31 May 2026	32,079	32,079


			2026	2025
			£	£
		Accelerated capital allowances	32,079	52,504



			32,079	52,504

Share Capital

Allotted, called up and fully paid: 125 Ordinary shares of £1 each.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

14	Guarantees and commitments
			2026	2025
			£	£
		Total of guarantees and commitments	2,013,841	-













		The company occupies its premises at Unit 2, Garnett Close, Watford under a non-cancellable operating lease from Flourish Commercial Property Limited, a related party, for a term of ten years from 5 June 2025 at an annual rent of £168,000, subject to upward-only rent reviews every three years. The total above is the future minimum lease payments under that lease at 31 May 2026: £168,000 falls due within one year, £672,000 between two and five years and £673,841 after more than five years. The company has also guaranteed the bank loan of Flourish Commercial Property Limited, which is secured on those premises, up to a maximum of £500,000, supported by a debenture over the company's assets. The amount outstanding under that loan at 31 May 2026 was £477,762 and no loss is expected to arise.

Related party disclosures

Transactions with related parties

On 5 June 2025, as part of a group reorganisation, the company distributed its freehold property at Unit 2, Garnett Close, Watford, together with the related bank loan of £495,660, to its then ultimate parent company, Flourish Commercial Property Limited, as a dividend in specie. The distribution was recorded at the net book value of the assets transferred of £1,007,628 less the loan assumed, a net distribution of £511,968. Flourish Commercial Property Limited is controlled by the company's directors. Since the reorganisation the company has occupied the property under a ten-year lease from Flourish Commercial Property Limited at an annual rent of £168,000; rent of £165,967 was charged in the year, of which £15,613 was accrued at 31 May 2026. Cash dividends of £46,833 declared to the company's parent undertakings in the year were paid directly to the directors on the parents' behalf. At 31 May 2026 Flourish Commercial Property Limited owed the company £10,000 (2025: £5,000) and the company owed Flourish Craft Bakery Holdings Limited £2,400 (2025: £2,400).

Parent undertaking and controlling party

Until 5 June 2025 the company's immediate parent was Flourish Craft Bakery Holdings Ltd and its ultimate parent was Flourish Commercial Property Limited. On 5 June 2025, as part of a group reorganisation, the company's entire share capital was transferred to Flourish Holdings Ltd, which from that date is the company's immediate and ultimate parent. Flourish Holdings Ltd's registered office is Unit 2 Garnett Close, Watford WD24 7GL. The company is controlled by its directors, Paul O'Connell and Helen O'Connell, who together own the whole of the share capital of Flourish Holdings Ltd.