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REGISTERED NUMBER: 02894430 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BAKER THOMPSON (DAVENTRY) LIMITED

BAKER THOMPSON (DAVENTRY) LIMITED (REGISTERED NUMBER: 02894430)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BAKER THOMPSON (DAVENTRY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M T J Wright





SECRETARY: E A Wright





REGISTERED OFFICE: 5 Everdon Park
Heartlands Industrial Park
Daventry
Northamptonshire
NN11 8YJ





REGISTERED NUMBER: 02894430 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Eagle House
28 Billing Road
Northampton
NN1 5AJ

BAKER THOMPSON (DAVENTRY) LIMITED (REGISTERED NUMBER: 02894430)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 239,382 79,044

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 306,762 265,998
Cash at bank and in hand 163,601 259,694
480,363 535,692
CREDITORS
Amounts falling due within one year 6 255,180 229,784
NET CURRENT ASSETS 225,183 305,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

464,565

384,952

CREDITORS
Amounts falling due after more than one
year

7

(113,072

)

(30,093

)

PROVISIONS FOR LIABILITIES (57,295 ) (16,707 )
NET ASSETS 294,198 338,152

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 293,198 337,152
SHAREHOLDERS' FUNDS 294,198 338,152

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

BAKER THOMPSON (DAVENTRY) LIMITED (REGISTERED NUMBER: 02894430)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 June 2024 and were signed by:





M T J Wright - Director


BAKER THOMPSON (DAVENTRY) LIMITED (REGISTERED NUMBER: 02894430)

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


1. STATUTORY INFORMATION

Baker Thompson (Daventry) 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

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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

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 improvements - over the life of the lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

BAKER THOMPSON (DAVENTRY) LIMITED (REGISTERED NUMBER: 02894430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

BAKER THOMPSON (DAVENTRY) LIMITED (REGISTERED NUMBER: 02894430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates money purchase schemes for individual employees. Contributions payable for the year are charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 January 2023 23,109 97,683 14,598
Additions 13,190 103,122 -
At 31 December 2023 36,299 200,805 14,598
DEPRECIATION
At 1 January 2023 23,109 61,926 5,740
Charge for year 1,319 23,172 2,214
At 31 December 2023 24,428 85,098 7,954
NET BOOK VALUE
At 31 December 2023 11,871 115,707 6,644
At 31 December 2022 - 35,757 8,858

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 90,922 21,384 247,696
Additions 82,480 2,239 201,031
At 31 December 2023 173,402 23,623 448,727
DEPRECIATION
At 1 January 2023 63,897 13,980 168,652
Charge for year 11,912 2,076 40,693
At 31 December 2023 75,809 16,056 209,345
NET BOOK VALUE
At 31 December 2023 97,593 7,567 239,382
At 31 December 2022 27,025 7,404 79,044

The net book value of tangible fixed assets includes £ 164,059 (2022 - £ 22,383 ) in respect of assets held under hire purchase contracts.

BAKER THOMPSON (DAVENTRY) LIMITED (REGISTERED NUMBER: 02894430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 214,410 140,886
Amounts owed by group undertakings 43,611 43,805
Other debtors 2,798 3,444
Tax - 31,310
Prepayments and accrued income 45,943 46,553
306,762 265,998

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,084 5,934
Hire purchase contracts (see note 8) 25,361 9,420
Trade creditors 147,628 110,135
Tax 39,228 49,125
Social security and other taxes 23,703 13,767
VAT 5,895 26,853
Directors' current accounts 1,248 1,248
Accruals and deferred income 6,033 13,302
255,180 229,784

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 8,884 14,968
Hire purchase contracts (see note 8) 104,188 15,125
113,072 30,093

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 25,361 9,420
Between one and five years 104,188 15,125
129,549 24,545

BAKER THOMPSON (DAVENTRY) LIMITED (REGISTERED NUMBER: 02894430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 75,232 51,473
Between one and five years 226,916 38,478
302,148 89,951

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 14,968 20,902
Hire purchase contracts 129,549 24,545
144,517 45,447

Obligations under hire purchase agreements are secured against the relevant assets.

Bank loans are secured by a fixed charge against the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Share capital £1 1,000 1,000