REGISTERED NUMBER: 10854568 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Knead Pizza Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

A P Skitt

Miss H J Smith

REGISTERED OFFICE:

Wadstray House

Blackawton

Totnes

TQ9 7DE

REGISTERED NUMBER:

10854568 (England and Wales)

ACCOUNTANTS:

DKR Chartered Accountants

36 Lichfield Street

Walsall

West Midlands

WS1 1TJ

FIXED ASSETS

Tangible assets

4

46,445

55,502

CURRENT ASSETS

Stocks

12,549

6,702

Debtors

5

27,045

26,544

Cash at bank

24,716

30,178

64,310

63,424

CREDITORS

Amounts falling due within one year

6

75,395

74,378

NET CURRENT LIABILITIES

(11,085

)

(10,954

)

TOTAL ASSETS LESS CURRENT LIABILITIES

35,360

44,548

CREDITORS

Amounts falling due after more than one year

7

(20,911

)

(27,312

)

PROVISIONS FOR LIABILITIES

10

(6,632

)

(6,538

)

NET ASSETS

7,817

10,698

CAPITAL AND RESERVES

Called up share capital

11

1

1

Retained earnings

7,816

10,697

SHAREHOLDERS' FUNDS

7,817

10,698

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 and authorised for issue by the Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

A P Skitt - Director

1.	STATUTORY INFORMATION

Knead Pizza Ltd 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.

The financial statements have been prepared on the going concern basis as the directors have confirmed that related parties will not request repayment of the monies advanced to the detriment of the company's ability to trade. The directors have also reviewed the after-date records which show an increase in trade coupled with an increase in profitability aided by the reduction in energy prices.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on 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.

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

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 16 (2025 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

97,926

Additions

5,881

At 31 January 2026

103,807

DEPRECIATION

At 1 February 2025

42,424

Charge for year

14,938

At 31 January 2026

57,362

NET BOOK VALUE

At 31 January 2026

46,445

At 31 January 2025

55,502

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

7,656

1,325

Other debtors

19,389

25,219

27,045

26,544

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

3,031

2,956

Hire purchase contracts (see note 8)

3,370

2,833

Taxation and social security

40,376

30,029

Other creditors

28,618

38,560

75,395

74,378

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

10,999

14,030

Hire purchase contracts (see note 8)

9,912

13,282

20,911

27,312

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

10,999

14,030

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.1.26

31.1.25

£

£

Net obligations repayable:

Within one year

3,370

2,833

Between one and five years

9,912

13,282

13,282

16,115

Non-cancellable

operating leases

31.1.26

31.1.25

£

£

Within one year

4,121

7,378

Between one and five years

-

3,257

4,121

10,635

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

14,030

16,986

Hire purchase contracts

13,282

16,115

27,312

33,101

The Bank loan is provided under the Covid-19 Bounce Back Loan Scheme and as such is secured by HM Government.

Hire Purchase agreements are secured against the asset to which they relate.

10.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

£

Deferred tax

Accelerated capital allowances

6,632

6,538

Deferred

tax

£

Balance at 1 February 2025

6,538

Charge to Statement of Income and Retained Earnings during year

94

Balance at 31 January 2026

6,632

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

100

Ordinary

0.01

1

1

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

A P Skitt and Miss H J Smith

Balance outstanding at start of year

2,447

-

Amounts advanced

6,617

2,447

Amounts repaid

(2,447

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,617

2,447

13.	RELATED PARTY DISCLOSURES

Other debtors includes the following amounts:-

31.1.26

31.1.25

£

£

Amounts repayable by related parties

42,085

42,835

These amounts represent interest free loans repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Knead Pizza Ltd for the year ended 31 January 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Knead Pizza Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Knead Pizza Ltd and state those matters that we have agreed to state to the Board of Directors of Knead Pizza Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Knead Pizza Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Knead Pizza Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Knead Pizza Ltd. You consider that Knead Pizza Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Knead Pizza Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

DKR Chartered Accountants

36 Lichfield Street

Walsall

West Midlands

WS1 1TJ

30 October 2026