Registered number
06220008
John Baldwin Tavistock Ltd
Filleted Accounts
30 April 2023
John Baldwin Tavistock Ltd
Registered number: 06220008
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 34,074 34,124
Current assets
Stocks 490,377 427,279
Debtors 4 10,632 20,314
Cash at bank and in hand 96,880 79,766
597,889 527,359
Creditors: amounts falling due within one year 5 (211,062) (185,575)
Net current assets 386,827 341,784
Total assets less current liabilities 420,901 375,908
Creditors: amounts falling due after more than one year 6 (22,507) (32,500)
Provisions for liabilities (5,084) (5,074)
Net assets 393,310 338,334
Capital and reserves
Called up share capital 200 200
Profit and loss account 393,110 338,134
Shareholders' funds 393,310 338,334
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr John Baldwin
Director
Approved by the board on 16 October 2023
John Baldwin Tavistock Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Reducing Balance
Computer equipment 33% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Computer Equipment Total
£ £ £ £
Cost
At 1 May 2022 1,190 143,636 20,951 165,777
Additions - 6,118 - 6,118
At 30 April 2023 1,190 149,754 20,951 171,895
Depreciation
At 1 May 2022 - 112,425 19,228 131,653
Charge for the year - 5,599 569 6,168
At 30 April 2023 - 118,024 19,797 137,821
Net book value
At 30 April 2023 1,190 31,730 1,154 34,074
At 30 April 2022 1,190 31,211 1,723 34,124
4 Debtors 2023 2022
£ £
Other debtors 10,632 20,314
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 118,910 68,936
Taxation and social security costs 36,124 53,245
Other creditors 46,028 53,394
211,062 185,575
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,507 32,500
7 Other information
John Baldwin Tavistock Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Woodford House
Coxpark Chilsworthy
Gunnislake
Cornwall
PL18 9BA
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