Company Registration No. 10915250 (England and Wales)
PATRICK BAKER LTD
Unaudited accounts
for the year ended 31 August 2023
PATRICK BAKER LTD
Unaudited accounts
Contents
PATRICK BAKER LTD
Company Information
for the year ended 31 August 2023
Directors
P D Baker
H L Baker
Company Number
10915250 (England and Wales)
Registered Office
9 MOUNTBATTEN DRIVE
DEREHAM
NORFOLK
NR19 2SN
UNITED KINGDOM
PATRICK BAKER LTD
Statement of financial position
as at 31 August 2023
Tangible assets
11,827
4,154
Cash at bank and in hand
12,967
13,609
Creditors: amounts falling due within one year
(5,987)
(4,440)
Net current assets
9,256
11,687
Total assets less current liabilities
21,083
15,841
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
18,835
15,055
Shareholders' funds
18,836
15,056
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by
P D Baker
Director
Company Registration No. 10915250
PATRICK BAKER LTD
Notes to the Accounts
for the year ended 31 August 2023
PATRICK BAKER LTD is a private company, limited by shares, registered in England and Wales, registration number 10915250. The registered office is 9 MOUNTBATTEN DRIVE, DEREHAM, NORFOLK, NR19 2SN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
20% on reducing balance
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.
PATRICK BAKER LTD
Notes to the Accounts
for the year ended 31 August 2023
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 year 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
5,230
-
911
6,141
Additions
221
10,000
383
10,604
At 31 August 2023
5,451
10,000
1,294
16,745
At 1 September 2022
1,842
-
145
1,987
Charge for the year
714
2,000
217
2,931
At 31 August 2023
2,556
2,000
362
4,918
At 31 August 2023
2,895
8,000
932
11,827
At 31 August 2022
3,388
-
766
4,154
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,708
3,298
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
PATRICK BAKER LTD
Notes to the Accounts
for the year ended 31 August 2023
8
Transactions with related parties
At the balance sheet date included in creditors is £414 (2022 £235) payable to the Directors. This is interest free and there are no fixed repayment terms.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).