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REGISTERED NUMBER: 01650221 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

R BAKER (ELECTRICAL) LIMITED

R BAKER (ELECTRICAL) LIMITED (REGISTERED NUMBER: 01650221)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R BAKER (ELECTRICAL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: B A Baker
G Baker
E Baker





SECRETARY: B A Baker





REGISTERED OFFICE: Trunker Park
Evans Road
Speke
Liverpool
L24 9PB





REGISTERED NUMBER: 01650221 (England and Wales)





ACCOUNTANTS: Additions
Chartered Accountants
One Derby Square
Liverpool
L2 9QR

R BAKER (ELECTRICAL) LIMITED (REGISTERED NUMBER: 01650221)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 286,794 263,842
Investment property 5 370,000 330,000
656,794 593,842

CURRENT ASSETS
Stocks 47,103 75,526
Debtors 6 240,263 159,554
Cash at bank and in hand 363,855 454,454
651,221 689,534
CREDITORS
Amounts falling due within one year 7 133,625 239,928
NET CURRENT ASSETS 517,596 449,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,174,390

1,043,448

PROVISIONS FOR LIABILITIES 57,617 45,266
NET ASSETS 1,116,773 998,182

CAPITAL AND RESERVES
Called up share capital 8 900 900
Revaluation reserve 152,421 158,784
Fair value reserve 64,156 31,756
Retained earnings 899,296 806,742
SHAREHOLDERS' FUNDS 1,116,773 998,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:



G Baker - Director


R BAKER (ELECTRICAL) LIMITED (REGISTERED NUMBER: 01650221)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

R Baker (Electrical) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract. Revenue for the sale of goods is recognised upon delivery.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over 50 years
Plant and machinery - 10% on cost
Fixtures, fittings and equipment - 10% - 20% on cost
Motor vehicles - 25% on cost

Freehold land is not depreciated.

The part of the annual depreciation charge on revalued assets (and assets at deemed cost) which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.

Investment property
Investment properties for which fair value can be measured reliably are measured at fair value at each reporting date with changes in fair value recognised in profit and loss.

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

R BAKER (ELECTRICAL) LIMITED (REGISTERED NUMBER: 01650221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2020 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2021 450,745 47,867 498,612
Additions - 35,726 35,726
At 31 December 2021 450,745 83,593 534,338
DEPRECIATION
At 1 January 2021 189,908 44,862 234,770
Charge for year 9,907 2,867 12,774
At 31 December 2021 199,815 47,729 247,544
NET BOOK VALUE
At 31 December 2021 250,930 35,864 286,794
At 31 December 2020 260,837 3,005 263,842

The company applied the transitional arrangements of FRS 102 and used a previous valuation as the deemed cost for land and buildings. The property is being depreciated from the valuation date. As the assets are depreciated or sold an appropriate transfer is made from the revaluation reserve to retained earnings.

Analysis of the land and buildings valued at the date of transition to FRS 102 using the deemed cost exemption:
20212020
££
Historical cost equivalent62,76364,815
Revaluation188,167196.022
Net book value250,930260,837

Land and buildings were valued on an open market basis on 28 September 2012 by a firm of independent Chartered Surveyors.

R BAKER (ELECTRICAL) LIMITED (REGISTERED NUMBER: 01650221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 330,000
Fair value adjustment 40,000
At 31 December 2021 370,000
NET BOOK VALUE
At 31 December 2021 370,000
At 31 December 2020 330,000

Investment properties have been measured at fair value which is the open market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 209,453 139,295
Other debtors 30,810 20,259
240,263 159,554

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 62,785 78,158
Taxation and social security 14,739 41,717
Other creditors 56,101 120,053
133,625 239,928

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
900 Ordinary £1 900 900

9. FINANCIAL COMMITMENTS

At 31 December 2021 the company had commitments under non-cancellable operating leases over the remaining life of the leases of £27,913 (2020: £31,163). The amount payable within one year in respect of these leases was £16,888 (2020: £12,465).

R BAKER (ELECTRICAL) LIMITED (REGISTERED NUMBER: 01650221)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2021 and 31 December 2020:

2021 2020
£    £   
R Baker
Balance outstanding at start of year 2,353 2,101
Amounts advanced - 2,353
Amounts repaid (2,353 ) (2,101 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,353

B A Baker
Balance outstanding at start of year - 48
Amounts repaid - (48 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above loans are interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

Dividends paid to directors in their capacity as shareholders during the year included £28,900 (2020 - £42,900) to R Baker and £28,900 (2020 - £42,900) to B A Baker.

12. ULTIMATE CONTROLLING PARTY

The directors are the controlling party.