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REGISTERED NUMBER: 00504295 (England and Wales)















T.BAKER & SONS(TRANSPORT)LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






T.BAKER & SONS(TRANSPORT)LIMITED (REGISTERED NUMBER: 00504295)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

T.BAKER & SONS(TRANSPORT)LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: PM Baker
E Baker
GO Baker





REGISTERED OFFICE: Cakemore Road
Rowley Regis
West Midlands
B65 0QW





REGISTERED NUMBER: 00504295 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

T.BAKER & SONS(TRANSPORT)LIMITED (REGISTERED NUMBER: 00504295)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,073,633 2,142,557

CURRENT ASSETS
Stocks 30,227 28,043
Debtors 5 309,231 325,357
Cash at bank and in hand 18,035 54,499
357,493 407,899
CREDITORS
Amounts falling due within one year 6 461,147 407,587
NET CURRENT (LIABILITIES)/ASSETS (103,654 ) 312
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,969,979

2,142,869

CREDITORS
Amounts falling due after more than one
year

7

(624,497

)

(656,802

)

PROVISIONS FOR LIABILITIES (97,542 ) (112,900 )
NET ASSETS 1,247,940 1,373,167

CAPITAL AND RESERVES
Called up share capital 2,531 2,531
Capital redemption reserve 6,377 6,377
Fair value reserve 8 939,112 939,112
Retained earnings 299,920 425,147
1,247,940 1,373,167

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 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.

T.BAKER & SONS(TRANSPORT)LIMITED (REGISTERED NUMBER: 00504295)

Balance Sheet - 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 Board of Directors and authorised for issue on 6 June 2024 and were signed on its behalf by:





Ms E Baker - Director


T.BAKER & SONS(TRANSPORT)LIMITED (REGISTERED NUMBER: 00504295)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

T.baker & Sons(Transport)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 as modified by the revaluation of certain assets.

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.
Land and buildings - 25% Straight Line
Plant and machinery etc - 33.33% on cost, 10% on reducing balance and Straight line over the life of the lease

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.

T.BAKER & SONS(TRANSPORT)LIMITED (REGISTERED NUMBER: 00504295)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


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.

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 34 (2022 - 37 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 1,680,000 1,429,726 3,109,726
Additions - 16,354 16,354
Disposals - (29,000 ) (29,000 )
At 31 December 2023 1,680,000 1,417,080 3,097,080
DEPRECIATION
At 1 January 2023 - 967,169 967,169
Charge for year - 77,278 77,278
Eliminated on disposal - (21,000 ) (21,000 )
At 31 December 2023 - 1,023,447 1,023,447
NET BOOK VALUE
At 31 December 2023 1,680,000 393,633 2,073,633
At 31 December 2022 1,680,000 462,557 2,142,557

T.BAKER & SONS(TRANSPORT)LIMITED (REGISTERED NUMBER: 00504295)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2005 370,808 - 370,808
Valuation in 2010 (125,000 ) - (125,000 )
Valuation in 2016 325,000 - 325,000
Valuation in 2021 480,000 - 480,000
Cost 629,192 1,417,080 2,046,272
1,680,000 1,417,080 3,097,080

If Cakemore Road had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 629,192 629,192

Value of land in freehold land and buildings 1,680,000 1,680,000

Freehold land and buildings were valued on an open market basis on 8 March 2022 by Bruton Knowles .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2023 174,153
Transfer to ownership (56,600 )
Reclassification/transfer 51,500
At 31 December 2023 169,053
DEPRECIATION
At 1 January 2023 97,203
Charge for year 19,888
Transfer to ownership (32,747 )
Reclassification/transfer 18,326
At 31 December 2023 102,670
NET BOOK VALUE
At 31 December 2023 66,383
At 31 December 2022 76,950

T.BAKER & SONS(TRANSPORT)LIMITED (REGISTERED NUMBER: 00504295)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 255,614 278,016
Other debtors 7,088 15,993
Corporation tax 17,570 -
Prepayments 28,959 31,348
309,231 325,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 37,036 33,562
Hire purchase contracts 29,712 29,374
Trade creditors 114,916 84,177
Social security and other taxes 59,804 80,821
Other creditors 26,697 21,739
Sales financing account 150,959 118,734
Accrued expenses 42,023 39,180
461,147 407,587

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 15,314 37,036
Bank loans - 2-5 years 36,186 38,587
Bank loans more 5 yr by instal 502,290 515,282
Hire purchase contracts 20,387 18,988
Other creditors 25,160 23,454
Directors' loan accounts 25,160 23,455
624,497 656,802

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 502,290 515,282

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 939,112

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
T.baker & Sons(Transport)Limited


The following reproduces the text of the report prepared for the directors 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 Directors 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 T.baker & Sons(Transport)Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Board of Directors of T.baker & Sons(Transport)Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T.baker & Sons(Transport)Limited and state those matters that we have agreed to state to the Board of Directors of T.baker & Sons(Transport)Limited, as a body, 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 T.baker & Sons(Transport)Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that T.baker & Sons(Transport)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 loss of T.baker & Sons(Transport)Limited. You consider that T.baker & Sons(Transport)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 T.baker & Sons(Transport)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.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


23 August 2024