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REGISTERED NUMBER: 06533773 (England and Wales)











Financial Statements

for the period

1st January 2022 to 30th December 2022

for

BAKER WILKINS AND SMITH LIMITED

BAKER WILKINS AND SMITH LIMITED (REGISTERED NUMBER: 06533773)






Contents of the Financial Statements
for the period 1st January 2022 to 30th December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAKER WILKINS AND SMITH LIMITED

Company Information
for the period 1st January 2022 to 30th December 2022







DIRECTOR: T Siddons





SECRETARY: T Siddons





REGISTERED OFFICE: Chapter House
33 London Road
Reigate
Surrey
RH2 9HZ





REGISTERED NUMBER: 06533773 (England and Wales)





ACCOUNTANTS: Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ

BAKER WILKINS AND SMITH LIMITED (REGISTERED NUMBER: 06533773)

Balance Sheet
30th December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,546,874
Tangible assets 5 - 7,519
- 1,554,393

CURRENT ASSETS
Debtors 6 439,269 952,156
Cash at bank 50 18,189
439,319 970,345
CREDITORS
Amounts falling due within one year 7 216,183 1,036,450
NET CURRENT ASSETS/(LIABILITIES) 223,136 (66,105 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,136

1,488,288

CREDITORS
Amounts falling due after more than one
year

8

-

1,265,000
NET ASSETS 223,136 223,288

CAPITAL AND RESERVES
Called up share capital 1,100,000 1,100,000
Retained earnings (876,864 ) (876,712 )
SHAREHOLDERS' FUNDS 223,136 223,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BAKER WILKINS AND SMITH LIMITED (REGISTERED NUMBER: 06533773)

Balance Sheet - continued
30th December 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th October 2023 and were signed by:





T Siddons - Director


BAKER WILKINS AND SMITH LIMITED (REGISTERED NUMBER: 06533773)

Notes to the Financial Statements
for the period 1st January 2022 to 30th December 2022

1. STATUTORY INFORMATION

Baker Wilkins and Smith 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.

Turnover
Turnover represents amounts receivable for goods and services provided during the course of the year in the normal course of business, net of trade discounts, VAT and other sales and related taxes.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Foreign currencies
UK head office

Transactions in foreign currencies are translated at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date.

Exchange differences arising on the settlement of monetary items are taken to profit and loss account.

Overseas branches

For the purposes of preparing financial statements incorporating all branches, the assets and liabilities of foreign branches are translated at the average exchange rates for the year, unless exchange rates fluctuated significantly during the year, in which case the exchange rates ruling at the dates of the transaction are used. Exchange differences are taken to the foreign currency reserve.

BAKER WILKINS AND SMITH LIMITED (REGISTERED NUMBER: 06533773)

Notes to the Financial Statements - continued
for the period 1st January 2022 to 30th December 2022

2. ACCOUNTING POLICIES - continued

Finance lease agreements
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated in accordance with the depreciation policy shown above. Future instalments under such leases, net of finance charges, are included in creditors. Lease payments are apportioned between the finance element, which is charged to the profit and loss account on a straight line basis, and the capital element which reduces the outstanding obligation for future instalments.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - 20 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2022 4,950,000
Disposals (4,950,000 )
At 30th December 2022 -
AMORTISATION
At 1st January 2022 3,403,126
Eliminated on disposal (3,403,126 )
At 30th December 2022 -
NET BOOK VALUE
At 30th December 2022 -
At 31st December 2021 1,546,874

BAKER WILKINS AND SMITH LIMITED (REGISTERED NUMBER: 06533773)

Notes to the Financial Statements - continued
for the period 1st January 2022 to 30th December 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2022 155,929 81,000 20,106 144,809 401,844
Disposals (155,929 ) (81,000 ) (20,106 ) (144,809 ) (401,844 )
At 30th December 2022 - - - - -
DEPRECIATION
At 1st January 2022 155,929 81,000 20,106 137,290 394,325
Eliminated on disposal (155,929 ) (81,000 ) (20,106 ) (137,290 ) (394,325 )
At 30th December 2022 - - - - -
NET BOOK VALUE
At 30th December 2022 - - - - -
At 31st December 2021 - - - 7,519 7,519

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 439,269 745,051
Amounts owed by associates - 141,165
Amounts recoverable on contract - 19,234
Other debtors - 46,706
439,269 952,156

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 4,093 25,950
Amounts owed to associates 164,881 -
VAT 516 1,486
Other creditors 43,990 -
Directors' current accounts 3 930,609
Accrued expenses 2,700 78,405
216,183 1,036,450

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other loans - 1-2 years - 1,265,000

BAKER WILKINS AND SMITH LIMITED (REGISTERED NUMBER: 06533773)

Notes to the Financial Statements - continued
for the period 1st January 2022 to 30th December 2022

9. RELATED PARTY DISCLOSURES

The company was held under the control of T Siddons, the director and shareholder of the company.

At the balance sheet date the company owed a company in which Mr Siddons is the majority shareholder £164,885.