Registered number
12404554
Baker Roofing Limited
Filleted Accounts
31 March 2023
Baker Roofing Limited
Registered number: 12404554
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 34,799 20,357
Current assets
Debtors 4 15,000 29,000
Cash at bank and in hand 32,650 24,447
47,650 53,447
Creditors: amounts falling due within one year 5 (61,926) (59,937)
Net current liabilities (14,276) (6,490)
Net assets 20,523 13,867
Capital and reserves
Called up share capital 1 1
Profit and loss account 20,522 13,866
Shareholder's funds 20,523 13,867
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 F N Baker
Director
Approved by the board on 14 August 2023
Baker Roofing Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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:
Motor van 18% straight line
Tools and equipment 18% straight line
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Tools and equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2022 8,693 17,219 25,912
Additions 200 36,000 36,200
Disposals - (17,219) (17,219)
At 31 March 2023 8,893 36,000 44,893
Depreciation
At 1 April 2022 2,455 3,100 5,555
Charge for the year 1,159 6,480 7,639
On disposals - (3,100) (3,100)
At 31 March 2023 3,614 6,480 10,094
Net book value
At 31 March 2023 5,279 29,520 34,799
At 31 March 2022 6,238 14,119 20,357
4 Debtors 2023 2022
£ £
Trade debtors 15,000 29,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 7,050 11,219
Other creditors 54,876 48,718
61,926 59,937
6 Other information
Baker Roofing Limited is a private company limited by shares and incorporated in England. Its registered office is:
66 Glenlea Road
Eltham
London
SE9 1DZ
7 Controlling party
The controlling party is Mr F N Baker who owns 100% of the issued ordinary share capital of
the company.
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