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Company Registration No. 04835673 (England and Wales)
BAXTER & BAXTER LIMITED Unaudited accounts for the year ended 31 July 2023
BAXTER & BAXTER LIMITED Unaudited accounts Contents
Page
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BAXTER & BAXTER LIMITED Company Information for the year ended 31 July 2023
Director
Mr M Baxter
Company Number
04835673 (England and Wales)
Registered Office
Midshires House Smeaton Close Aylesbury Buckinghamshire HP19 8HL
Accountants
MJ Bookkeeping Services Limited Unit 6 The Courtyard Milton Road Aylesbury Buckinghamshire HP21 7LZ
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BAXTER & BAXTER LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,919 
33,028 
Investments
8,000 
8,000 
33,919 
41,028 
Current assets
Debtors
44,472 
42,713 
Cash at bank and in hand
176,491 
133,912 
220,963 
176,625 
Creditors: amounts falling due within one year
(60,834)
(61,996)
Net current assets
160,129 
114,629 
Total assets less current liabilities
194,048 
155,657 
Creditors: amounts falling due after more than one year
(13,598)
(17,504)
Net assets
180,450 
138,153 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
180,446 
138,149 
Shareholders' funds
180,450 
138,153 
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 16 April 2024 and were signed on its behalf by
Mr M Baxter Director Company Registration No. 04835673
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BAXTER & BAXTER LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
BAXTER & BAXTER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04835673. The registered office is Midshires House, Smeaton Close, Aylesbury, Buckinghamshire, HP19 8HL.
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.
3
Accounting policies
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.
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Reducing balance method
Motor vehicles
25% on Reducing balance method
Computer equipment
25% on Reducing balance method
Investments
Investments are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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BAXTER & BAXTER LIMITED Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
12,937 
81,441 
4,891 
99,269 
Additions
292 
- 
1,173 
1,465 
At 31 July 2023
13,229 
81,441 
6,064 
100,734 
Depreciation
At 1 August 2022
12,218 
50,264 
3,759 
66,241 
Charge for the year
204 
7,794 
576 
8,574 
At 31 July 2023
12,422 
58,058 
4,335 
74,815 
Net book value
At 31 July 2023
807 
23,383 
1,729 
25,919 
At 31 July 2022
719 
31,177 
1,132 
33,028 
5
Investments
Other investments 
£ 
Valuation at 1 August 2022
8,000 
Valuation at 31 July 2023
8,000 
Investments were valued on an open market basis on 31 July 2021 by the director.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
44,472 
16,306 
Accrued income and prepayments
- 
10,040 
Other debtors
- 
16,367 
44,472 
42,713 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,906 
3,043 
Trade creditors
5,300 
16,845 
Taxes and social security
42,033 
32,711 
Other creditors
7,020 
3,322 
Loans from directors
575 
4,075 
Accruals
2,000 
2,000 
60,834 
61,996 
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BAXTER & BAXTER LIMITED Notes to the Accounts for the year ended 31 July 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
13,598 
17,504 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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