Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Bruce Robert Baker 22/09/2023 26/02/1991 Richard John Baker 26/02/1991 Sacha Kate Livingstone 17/03/2000 06 September 2024 The principle activity of the company is mixed farming. 00455450 2023-12-31 00455450 bus:Director1 2023-12-31 00455450 bus:Director2 2023-12-31 00455450 bus:Director3 2023-12-31 00455450 2022-12-31 00455450 core:CurrentFinancialInstruments 2023-12-31 00455450 core:CurrentFinancialInstruments 2022-12-31 00455450 core:ShareCapital 2023-12-31 00455450 core:ShareCapital 2022-12-31 00455450 core:RetainedEarningsAccumulatedLosses 2023-12-31 00455450 core:RetainedEarningsAccumulatedLosses 2022-12-31 00455450 core:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 00455450 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 00455450 core:LandBuildings 2022-12-31 00455450 core:PlantMachinery 2022-12-31 00455450 core:Vehicles 2022-12-31 00455450 core:OtherPropertyPlantEquipment 2022-12-31 00455450 core:LandBuildings 2023-12-31 00455450 core:PlantMachinery 2023-12-31 00455450 core:Vehicles 2023-12-31 00455450 core:OtherPropertyPlantEquipment 2023-12-31 00455450 core:CostValuation 2022-12-31 00455450 core:CostValuation 2023-12-31 00455450 2023-01-01 2023-12-31 00455450 bus:FilletedAccounts 2023-01-01 2023-12-31 00455450 bus:SmallEntities 2023-01-01 2023-12-31 00455450 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 00455450 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00455450 bus:Director1 2023-01-01 2023-12-31 00455450 bus:Director2 2023-01-01 2023-12-31 00455450 bus:Director3 2023-01-01 2023-12-31 00455450 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-01-01 2023-12-31 00455450 core:LandBuildings 2023-01-01 2023-12-31 00455450 core:PlantMachinery 2023-01-01 2023-12-31 00455450 core:Vehicles 2023-01-01 2023-12-31 00455450 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 00455450 2022-01-01 2022-12-31 00455450 core:PatentsTrademarksLicencesConcessionsSimilar 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 00455450 (England and Wales)

JACK BAKER LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

JACK BAKER LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

JACK BAKER LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
JACK BAKER LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Bruce Robert Baker (Resigned 22 September 2023)
Richard John Baker
Sacha Kate Livingstone
SECRETARY Richard John Baker
REGISTERED OFFICE Thanes
East Martin
Fordingbridge
SP6 3LJ
United Kingdom
COMPANY NUMBER 00455450 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
JACK BAKER LIMITED

BALANCE SHEET

As at 31 December 2023
JACK BAKER LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 525 1,025
Tangible assets 4 28,472 30,436
Investments 5 75 75
29,072 31,536
Current assets
Stocks 336,951 309,061
Debtors 6 38,876 33,873
Cash at bank and in hand 377,378 381,481
753,205 724,415
Creditors: amounts falling due within one year 7 ( 112,617) ( 134,796)
Net current assets 640,588 589,619
Total assets less current liabilities 669,660 621,155
Provision for liabilities ( 1,551) ( 2,028)
Net assets 668,109 619,127
Capital and reserves
Called-up share capital 501 501
Profit and loss account 667,608 618,626
Total shareholders' funds 668,109 619,127

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Jack Baker Limited (registered number: 00455450) were approved and authorised for issue by the Board of Directors on 06 September 2024. They were signed on its behalf by:

Richard John Baker
Director
JACK BAKER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
JACK BAKER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jack Baker Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Thanes, East Martin, Fordingbridge, SP6 3LJ, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings 10 % reducing balance
Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Other property, plant and equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 4

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 January 2023 5,025 5,025
At 31 December 2023 5,025 5,025
Accumulated amortisation
At 01 January 2023 4,000 4,000
Charge for the financial year 500 500
At 31 December 2023 4,500 4,500
Net book value
At 31 December 2023 525 525
At 31 December 2022 1,025 1,025

4. Tangible assets

Land and buildings Plant and machinery Vehicles Other property, plant
and equipment
Total
£ £ £ £ £
Cost
At 01 January 2023 61,334 9,271 24,500 14,700 109,805
At 31 December 2023 61,334 9,271 24,500 14,700 109,805
Accumulated depreciation
At 01 January 2023 39,010 8,062 18,236 14,061 79,369
Charge for the financial year 57 181 1,566 160 1,964
At 31 December 2023 39,067 8,243 19,802 14,221 81,333
Net book value
At 31 December 2023 22,267 1,028 4,698 479 28,472
At 31 December 2022 22,324 1,209 6,264 639 30,436

Included within the net book value of land and buildings above is £21,754 (2022 - £21,754) in respect of freehold land and buildings and £513 (2022 - £570) in respect of property improvements.

5. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2023 75 75
At 31 December 2023 75 75
Carrying value at 31 December 2023 75 75
Carrying value at 31 December 2022 75 75

6. Debtors

2023 2022
£ £
Amounts owed by directors 2,062 4,281
Prepayments 5,412 4,944
VAT recoverable 30,109 24,648
Other debtors 1,293 0
38,876 33,873

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 470 12,930
Amounts owed to directors 31,777 20,092
Accruals 67,435 81,653
Corporation tax 12,935 18,554
Other taxation and social security 0 1,567
112,617 134,796