REGISTERED NUMBER: |
Financial Statements |
for the period |
1st January 2022 to 30th December 2022 |
for |
BAKER WILKINS AND SMITH LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 - |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st January 2022 |
Disposals | ( |
) |
At 30th December 2022 |
AMORTISATION |
At 1st January 2022 |
Eliminated on disposal | ( |
) |
At 30th December 2022 |
NET BOOK VALUE |
At 30th December 2022 |
At 31st December 2021 |
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 |
Disposals | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
At 30th December 2022 |
DEPRECIATION |
At 1st January 2022 |
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
At 30th December 2022 |
NET BOOK VALUE |
At 30th December 2022 |
At 31st December 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Amounts owed by associates |
Amounts recoverable on contract |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Amounts owed to associates | 164,881 | - |
VAT | 516 | 1,486 |
Other creditors |
Directors' current accounts | 3 | 930,609 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Other loans - 1-2 years |
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. |