Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-08-0110No description of principal activityfalse9truetrue 04028929 2022-08-01 2023-07-31 04028929 2021-08-01 2022-07-31 04028929 2023-07-31 04028929 2022-07-31 04028929 c:Director1 2022-08-01 2023-07-31 04028929 d:Buildings 2022-08-01 2023-07-31 04028929 d:Buildings 2023-07-31 04028929 d:Buildings 2022-07-31 04028929 d:Buildings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04028929 d:Buildings d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 04028929 d:PlantMachinery 2022-08-01 2023-07-31 04028929 d:PlantMachinery 2023-07-31 04028929 d:PlantMachinery 2022-07-31 04028929 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04028929 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 04028929 d:MotorVehicles 2022-08-01 2023-07-31 04028929 d:MotorVehicles 2023-07-31 04028929 d:MotorVehicles 2022-07-31 04028929 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04028929 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 04028929 d:FurnitureFittings 2022-08-01 2023-07-31 04028929 d:FurnitureFittings 2023-07-31 04028929 d:FurnitureFittings 2022-07-31 04028929 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04028929 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 04028929 d:ComputerEquipment 2022-08-01 2023-07-31 04028929 d:ComputerEquipment 2023-07-31 04028929 d:ComputerEquipment 2022-07-31 04028929 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04028929 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 04028929 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04028929 d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 04028929 d:CurrentFinancialInstruments 2023-07-31 04028929 d:CurrentFinancialInstruments 2022-07-31 04028929 d:Non-currentFinancialInstruments 2023-07-31 04028929 d:Non-currentFinancialInstruments 2022-07-31 04028929 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04028929 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 04028929 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 04028929 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 04028929 d:ShareCapital 2023-07-31 04028929 d:ShareCapital 2022-07-31 04028929 d:SharePremium 2023-07-31 04028929 d:SharePremium 2022-07-31 04028929 d:RetainedEarningsAccumulatedLosses 2023-07-31 04028929 d:RetainedEarningsAccumulatedLosses 2022-07-31 04028929 c:FRS102 2022-08-01 2023-07-31 04028929 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 04028929 c:FullAccounts 2022-08-01 2023-07-31 04028929 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Company registration number: 04028929







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023


BAKERS INSTRUMENT BROKERS LIMITED






































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BAKERS INSTRUMENT BROKERS LIMITED
REGISTERED NUMBER:04028929



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
343,740
347,532

  
343,740
347,532

Current assets
  

Stocks
  
552,796
708,751

Debtors: amounts falling due within one year
 5 
271,325
288,336

Cash at bank and in hand
  
2,190,424
1,839,755

  
3,014,545
2,836,842

Creditors: amounts falling due within one year
 6 
(1,073,602)
(1,525,882)

Net current assets
  
 
 
1,940,943
 
 
1,310,960

Total assets less current liabilities
  
2,284,683
1,658,492

Creditors: amounts falling due after more than one year
 7 
(4,858)
(19,577)

  

Net assets
  
2,279,825
1,638,915


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
19,700
19,700

Profit and loss account
  
2,259,125
1,618,215

  
2,279,825
1,638,915


Page 1

 


BAKERS INSTRUMENT BROKERS LIMITED
REGISTERED NUMBER:04028929


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T H M Baker
Director

Date: 8 February 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


BAKERS INSTRUMENT BROKERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Bakers Instrument Brokers 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 (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


BAKERS INSTRUMENT BROKERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
20%
Fixtures and fittings
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Page 4

 


BAKERS INSTRUMENT BROKERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 9).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 August 2022
319,734
100,274
50,850
63,511
22,942
557,311


Additions
-
-
3,484
-
-
3,484



At 31 July 2023

319,734
100,274
54,334
63,511
22,942
560,795



Depreciation


At 1 August 2022
-
99,867
33,691
63,511
12,710
209,779


Charge for the year on owned assets
-
114
174
-
3,498
3,786


Charge for the year on financed assets
-
-
3,490
-
-
3,490



At 31 July 2023

-
99,981
37,355
63,511
16,208
217,055



Net book value



At 31 July 2023
319,734
293
16,979
-
6,734
343,740



At 31 July 2022
319,734
407
17,159
-
10,232
347,532


5.


Debtors

2023
2022
£
£


Trade debtors
245,448
224,480

Other debtors
25,877
63,856

271,325
288,336


Page 5

 


BAKERS INSTRUMENT BROKERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,073
14,076

Trade creditors
193,351
1,075,298

Amounts owed to group undertakings
161,787
159,265

Taxation and social security
469,615
140,847

Other creditors
234,476
131,096

Obligations under finance lease and hire purchase contracts
5,300
5,300

1,073,602
1,525,882


The following liabilities were secured:

2023
2022
£
£



Bank Loans
9,073
14,076

Obligations under finance lease and hire purchase contracts
5,300
5,300

14,373
19,376

Details of security provided:

Bank loans and other facilities are secured by a fixed and floating charge over the assets of the company.
Obligations under finance lease and hire purchase contracts are secured against the asset concerned.

Page 6

 


BAKERS INSTRUMENT BROKERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
9,419

Obligations under finance lease and hire purchase contracts
4,858
10,158

4,858
19,577


The following liabilities were secured:

2023
2022
£
£



Bank loans
-
9,419

Obligations under finance lease and hire purchase contracts
4,858
10,158

4,858
19,577

Details of security provided:

Bank loans and other facilities are secured by a fixed and floating charge over the assets of the company.
Obligations under finance lease and hire purchase contracts are secured against the asset concerned.


8.


Controlling party

The parent undertaking and ultimate holding company is BIB Group Holdings Limited, incorporated in England and Wales at Richmond House, Walkern Road, Stevenage SG1 3QP.

 
Page 7