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REGISTERED NUMBER: 00569293














BAXTER HART & ABRAHAM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






BAXTER HART & ABRAHAM LIMITED (REGISTERED NUMBER: 00569293)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BAXTER HART & ABRAHAM LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: R C Horn ACA
N T A Horn





REGISTERED OFFICE: 141 New Bedford Road
Luton
Bedfordshire
LU3 1LF





REGISTERED NUMBER: 00569293





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

BAXTER HART & ABRAHAM LIMITED (REGISTERED NUMBER: 00569293)

STATEMENT OF FINANCIAL POSITION
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 49,962 30,337
Investments 6 10,220 10,220
60,182 40,557

CURRENT ASSETS
Stocks 86,698 54,323
Debtors 7 32,902 33,563
Cash at bank and in hand 42,243 93,948
161,843 181,834
CREDITORS
Amounts falling due within one year 8 34,422 54,298
NET CURRENT ASSETS 127,421 127,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,603

168,093

CAPITAL AND RESERVES
Called up, paid and allotted share capital 1,000 1,000
Retained earnings 186,603 167,093
SHAREHOLDERS' FUNDS 187,603 168,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

BAXTER HART & ABRAHAM LIMITED (REGISTERED NUMBER: 00569293)

STATEMENT OF FINANCIAL POSITION - continued
30 June 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





R C Horn ACA - Director


BAXTER HART & ABRAHAM LIMITED (REGISTERED NUMBER: 00569293)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Baxter Hart & Abraham 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

BAXTER HART & ABRAHAM LIMITED (REGISTERED NUMBER: 00569293)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 July 2022 125,634 19,817 145,451
Additions 21,705 - 21,705
At 30 June 2023 147,339 19,817 167,156
DEPRECIATION
At 1 July 2022 95,297 19,817 115,114
Charge for year 2,080 - 2,080
At 30 June 2023 97,377 19,817 117,194
NET BOOK VALUE
At 30 June 2023 49,962 - 49,962
At 30 June 2022 30,337 - 30,337

Included in cost of land and buildings is freehold land of £ 3,000 (2022 - £ 3,000 ) which is not depreciated.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 10,220
NET BOOK VALUE
At 30 June 2023 10,220
At 30 June 2022 10,220

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,265 29,819
Other debtors 1,637 3,744
32,902 33,563

BAXTER HART & ABRAHAM LIMITED (REGISTERED NUMBER: 00569293)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,995 33,705
Taxation and social security 10,247 8,857
Other creditors 12,180 11,736
34,422 54,298

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
R C Horn ACA
Balance outstanding at start of year 2,171 1,358
Amounts advanced - 813
Amounts repaid (1,845 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 326 2,171

N T A Horn
Balance outstanding at start of year 381 -
Amounts advanced - 381
Amounts repaid (683 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (302 ) 381

10. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company, which are interest free and repayable on demand. Transactions of which can be found above.