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REGISTERED NUMBER: 07908951 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

DAVID BAARDA LIMITED

DAVID BAARDA LIMITED (REGISTERED NUMBER: 07908951)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID BAARDA LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: C D Hillaby





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 07908951 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

DAVID BAARDA LIMITED (REGISTERED NUMBER: 07908951)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 994,334 1,192,441

CURRENT ASSETS
Stocks 8,550 21,000
Debtors 5 388,533 496,795
Cash at bank 1,877 30,544
398,960 548,339
CREDITORS
Amounts falling due within one year 6 908,849 1,054,373
NET CURRENT LIABILITIES (509,889 ) (506,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,445

686,407

CREDITORS
Amounts falling due after more than one year 7 (376,708 ) (601,592 )

PROVISIONS FOR LIABILITIES (21,713 ) (16,520 )
NET ASSETS 86,024 68,295

CAPITAL AND RESERVES
Called up share capital 118 118
Retained earnings 85,906 68,177
SHAREHOLDERS' FUNDS 86,024 68,295

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

DAVID BAARDA LIMITED (REGISTERED NUMBER: 07908951)

BALANCE SHEET - continued
31 January 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 director and authorised for issue on 1 July 2024 and were signed by:





C D Hillaby - Director


DAVID BAARDA LIMITED (REGISTERED NUMBER: 07908951)

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


1. STATUTORY INFORMATION

David Baarda Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office at Beckside Court, Annie Reed Road, Beverley, HU17 0LF. Its principal place of business is at Underhill, Low Mills, Farndale, YO62 7XH.

The principal activity of the company is of a freight company.

The presentational currency of the financial statements is 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

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 services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

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.
Plant and machinery etc - 25% on cost, 20% on cost, 10% on cost and 4% on cost excluding land

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost 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. Stock is calculated on the first in first out basis.


DAVID BAARDA LIMITED (REGISTERED NUMBER: 07908951)

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


2. ACCOUNTING POLICIES - continued
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.

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 16 (2023 - 19 ) .

DAVID BAARDA LIMITED (REGISTERED NUMBER: 07908951)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 1,611,919
Additions 65,096
Disposals (226,960 )
At 31 January 2024 1,450,055
DEPRECIATION
At 1 February 2023 419,478
Charge for year 120,892
Eliminated on disposal (84,649 )
At 31 January 2024 455,721
NET BOOK VALUE
At 31 January 2024 994,334
At 31 January 2023 1,192,441

The net book value of tangible fixed assets includes £ 775,150 (2023 - £ 1,061,861 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 351,065 457,399
Other debtors 37,468 39,396
388,533 496,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,176 20,000
Hire purchase contracts 197,243 236,157
Trade creditors 183,333 279,590
Taxation and social security 262,639 193,795
Other creditors 239,458 324,831
908,849 1,054,373

DAVID BAARDA LIMITED (REGISTERED NUMBER: 07908951)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 18,175 49,942
Hire purchase contracts 358,533 551,650
376,708 601,592

8. SECURED DEBTS

The hire purchase liabilities are secured on the assets to which they relate.

Other creditors includes an invoice financing facility which has both fixed and floating charges over the company. The floating charge covers all the property or undertaking of the company.

The bank loan comprises a CBILs loan held with the bank.