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REGISTERED NUMBER: 01756232 (England and Wales)















BAKER FLOORING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






BAKER FLOORING LIMITED (REGISTERED NUMBER: 01756232)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAKER FLOORING LIMITED

COMPANY INFORMATION
for the Year Ended 31 MAY 2024







DIRECTORS: Mr T G Baker
Mr P S Baker
Mrs J M Evans





SECRETARY: Mrs J M Evans





REGISTERED OFFICE: Unit D4 - D5
Guy Motors Industrial Park
Park Lane
Wolverhampton
West Midlands
WV10 9QF





REGISTERED NUMBER: 01756232 (England and Wales)





ACCOUNTANTS: Wallace Crooke
College House
St Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

BAKER FLOORING LIMITED (REGISTERED NUMBER: 01756232)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,566 27,997

CURRENT ASSETS
Stocks 15,460 14,000
Debtors 5 252,190 260,205
Cash at bank 251,855 361,852
519,505 636,057
CREDITORS
Amounts falling due within one year 6 186,643 236,659
NET CURRENT ASSETS 332,862 399,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,428

427,395

CREDITORS
Amounts falling due after more than one
year

7

(3,748

)

-

PROVISIONS FOR LIABILITIES 8 (7,257 ) (4,895 )
NET ASSETS 352,423 422,500

CAPITAL AND RESERVES
Called up share capital 9 104 100
Retained earnings 352,319 422,400
SHAREHOLDERS' FUNDS 352,423 422,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BAKER FLOORING LIMITED (REGISTERED NUMBER: 01756232)

BALANCE SHEET - continued
31 MAY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by:





Mr P S Baker - Director


BAKER FLOORING LIMITED (REGISTERED NUMBER: 01756232)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2024

1. STATUTORY INFORMATION

Baker Flooring 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.

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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold premises - 20% on cost
Motor vehicles - 25% reducing balance
Equipment - 25% reducing balance

Stocks
Stocks 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 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.

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.

BAKER FLOORING LIMITED (REGISTERED NUMBER: 01756232)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Motor
premises vehicles Equipment Totals
£    £    £    £   
COST
At 1 June 2023 54,406 74,103 38,145 166,654
Additions - 13,995 581 14,576
Disposals - (9,350 ) - (9,350 )
At 31 May 2024 54,406 78,748 38,726 171,880
DEPRECIATION
At 1 June 2023 54,405 55,456 28,796 138,657
Charge for year - 7,706 2,482 10,188
Eliminated on disposal - (7,531 ) - (7,531 )
At 31 May 2024 54,405 55,631 31,278 141,314
NET BOOK VALUE
At 31 May 2024 1 23,117 7,448 30,566
At 31 May 2023 1 18,647 9,349 27,997

BAKER FLOORING LIMITED (REGISTERED NUMBER: 01756232)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 32,563
Additions 13,995
Transfer to ownership (32,563 )
At 31 May 2024 13,995
DEPRECIATION
At 1 June 2023 20,651
Charge for year 4,243
Transfer to ownership (21,395 )
At 31 May 2024 3,499
NET BOOK VALUE
At 31 May 2024 10,496
At 31 May 2023 11,912

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 208,156 227,513
Other debtors 44,034 32,692
252,190 260,205

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,082 48,555
Hire purchase contracts 4,497 2,366
Trade creditors 61,538 99,331
Taxation and social security 39,953 48,308
Other creditors 40,573 38,099
186,643 236,659

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 3,748 -

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 7,257 4,895

BAKER FLOORING LIMITED (REGISTERED NUMBER: 01756232)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 4,895
Provided during year 2,362
Balance at 31 May 2024 7,257

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 -
1 Ordinary B £1 1 -
1 Ordinary C £1 1 -
1 Ordinary D £1 1 -
104 100

The following shares were issued during the year for cash at par :

1 Ordinary A share of £1
1 Ordinary B share of £1
1 Ordinary C share of £1
1 Ordinary D share of £1