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REGISTERED NUMBER: 05921337 (England and Wales)











RICK BAKER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2023






RICK BAKER LIMITED (REGISTERED NUMBER: 05921337)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 7

RICK BAKER LIMITED

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTOR: D P Morgan





SECRETARY: D P Morgan





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 05921337 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

RICK BAKER LIMITED (REGISTERED NUMBER: 05921337)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,864 33,358

CURRENT ASSETS
Stocks 33,169 23,838
Debtors 5 256,546 215,208
Cash at bank and in hand 845,988 997,910
1,135,703 1,236,956
CREDITORS
Amounts falling due within one year 6 159,125 237,259
NET CURRENT ASSETS 976,578 999,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,001,442

1,033,055

PROVISIONS FOR LIABILITIES 6,216 6,338
NET ASSETS 995,226 1,026,717

CAPITAL AND RESERVES
Called up share capital 49 49
Capital redemption reserve 51 51
Retained earnings 995,126 1,026,617
995,226 1,026,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RICK BAKER LIMITED (REGISTERED NUMBER: 05921337)

BALANCE SHEET - continued
31 October 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 director and authorised for issue on 24 July 2024 and were signed by:





D P Morgan - Director


RICK BAKER LIMITED (REGISTERED NUMBER: 05921337)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Rick Baker 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 company`s principal place of business is Unit 4, 8 Eley Road, Eley Business Park, Edmonton, London, N18 3DB.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Turnover comprises the fair value of consideration received or receivable for the sale of goods in the ordinary course of the company`s activities.

Turnover is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer and the amount of turnover can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at their historic cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use. The asset`s residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Equipment - 20% on cost

On disposal the difference between the net proceeds and carrying amount of the item sold is recognised in the profit and loss account, and included in administrative expenses.

Stocks 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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

RICK BAKER LIMITED (REGISTERED NUMBER: 05921337)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Deferred tax
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 77,559 13,294 24,995 24,078 139,926
Additions 1,414 - - 1,293 2,707
At 31 October 2023 78,973 13,294 24,995 25,371 142,633
DEPRECIATION
At 1 November 2022 75,176 4,771 6,249 20,372 106,568
Charge for year 1,913 1,493 6,249 1,546 11,201
At 31 October 2023 77,089 6,264 12,498 21,918 117,769
NET BOOK VALUE
At 31 October 2023 1,884 7,030 12,497 3,453 24,864
At 31 October 2022 2,383 8,523 18,746 3,706 33,358

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 163,536 137,692
Other debtors 93,010 77,516
256,546 215,208

RICK BAKER LIMITED (REGISTERED NUMBER: 05921337)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 17,370 21,820
Taxation and social security 76,576 94,351
Other creditors 65,179 121,088
159,125 237,259

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 52,500 52,500
Between one and five years 126,875 179,375
179,375 231,875

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RICK BAKER LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rick Baker Limited for the year ended 31 October 2023 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Rick Baker Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rick Baker Limited and state those matters that we have agreed to state to the director of Rick Baker Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rick Baker Limited and its director for our work or for this report.

It is your duty to ensure that Rick Baker Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rick Baker Limited. You consider that Rick Baker Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rick Baker Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


24 July 2024