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Company Registration No. 08376243 (England and Wales)
Bakers Television & Electrical Ltd Unaudited accounts for the year ended 31 July 2023
Bakers Television & Electrical Ltd Unaudited accounts Contents
Page
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Bakers Television & Electrical Ltd Company Information for the year ended 31 July 2023
Director
Nicholas Barnard
Company Number
08376243 (England and Wales)
Registered Office
Bakers Television & Electrical 51-53 Bridgend Road Aberkenfig Bridgend Mid Glamorgan CF32 9BG Wales
Accountants
Richlands Accountancy Ltd Richlands Maesteg Road Tondu Bridgend CF32 9BT
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Bakers Television & Electrical Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,589 
11,500 
Investments
1,390 
1,390 
11,979 
12,890 
Current assets
Inventories
25,000 
47,267 
Debtors
15,526 
9,840 
Cash at bank and in hand
13,875 
- 
54,401 
57,107 
Creditors: amounts falling due within one year
(216,520)
(68,396)
Net current liabilities
(162,119)
(11,289)
Total assets less current liabilities
(150,140)
1,601 
Creditors: amounts falling due after more than one year
(41,460)
(41,200)
Net liabilities
(191,600)
(39,599)
Capital and reserves
Called up share capital
200,100 
200,100 
Profit and loss account
(391,700)
(239,699)
Shareholders' funds
(191,600)
(39,599)
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 29 July 2024 and were signed on its behalf by
Nicholas Barnard Director Company Registration No. 08376243
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Bakers Television & Electrical Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Bakers Television & Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 08376243. The registered office is Bakers Television & Electrical, 51-53 Bridgend Road, Aberkenfig, Bridgend, Mid Glamorgan, CF32 9BG, Wales.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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
15% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Investments
Investments in shares are included at cost.
Going concern
The company continues to trade with the support of the director.
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Bakers Television & Electrical Ltd Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
3,228 
12,141 
4,485 
1,792 
21,646 
Additions
- 
2,525 
- 
- 
2,525 
At 31 July 2023
3,228 
14,666 
4,485 
1,792 
24,171 
Depreciation
At 1 August 2022
1,008 
6,266 
1,171 
1,701 
10,146 
Charge for the year
484 
2,100 
829 
23 
3,436 
At 31 July 2023
1,492 
8,366 
2,000 
1,724 
13,582 
Net book value
At 31 July 2023
1,736 
6,300 
2,485 
68 
10,589 
At 31 July 2022
2,220 
5,875 
3,314 
91 
11,500 
5
Investments
Other investments 
£ 
Valuation at 1 August 2022
1,390 
Valuation at 31 July 2023
1,390 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,695 
290 
Accrued income and prepayments
1,831 
- 
Other debtors
10,000 
9,550 
15,526 
9,840 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
94,346 
29,208 
VAT
63,008 
3,661 
Trade creditors
22,172 
23,170 
Taxes and social security
1,144 
8,996 
Other creditors
25,000 
- 
Loans from directors
4,702 
1,513 
Accruals
6,148 
1,848 
216,520 
68,396 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
41,460 
41,200 
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Bakers Television & Electrical Ltd Notes to the Accounts for the year ended 31 July 2023
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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