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REGISTERED NUMBER: 04239112 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

P.S.BAKER LIMITED

P.S.BAKER LIMITED (REGISTERED NUMBER: 04239112)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P.S.BAKER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P S Baker





SECRETARY: G M Baker





REGISTERED OFFICE: 4th Floor
Tuition House
27/37 St Georges Road
Wimbledon
London
SW19 4EU





REGISTERED NUMBER: 04239112 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

P.S.BAKER LIMITED (REGISTERED NUMBER: 04239112)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,824 50,989

CURRENT ASSETS
Debtors 5 736,609 591,634
Cash at bank 45,423 77,065
782,032 668,699
CREDITORS
Amounts falling due within one year 6 544,762 436,560
NET CURRENT ASSETS 237,270 232,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,094

283,128

CREDITORS
Amounts falling due after more than one
year

7

48,766

65,962
NET ASSETS 227,328 217,166

CAPITAL AND RESERVES
Called up share capital 95 95
Retained earnings 227,233 217,071
SHAREHOLDERS' FUNDS 227,328 217,166

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

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

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:




P S Baker - Director


P.S.BAKER LIMITED (REGISTERED NUMBER: 04239112)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

P.S.Baker 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from services is recognised when the service is provided and the right to consideration earned. To the extent that a service is provided to third parties but no billing made, the amount is recognised as revenue and recorded as accrued income. Billings made in advance of services being provided are recognised as deferred income.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

P.S.BAKER LIMITED (REGISTERED NUMBER: 04239112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 22,743 57,619 7,776 88,138
Additions - - 666 666
At 31 March 2024 22,743 57,619 8,442 88,804
DEPRECIATION
At 1 April 2023 22,181 8,403 6,565 37,149
Charge for year 141 12,304 386 12,831
At 31 March 2024 22,322 20,707 6,951 49,980
NET BOOK VALUE
At 31 March 2024 421 36,912 1,491 38,824
At 31 March 2023 562 49,216 1,211 50,989

P.S.BAKER LIMITED (REGISTERED NUMBER: 04239112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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 April 2023
and 31 March 2024 57,619
DEPRECIATION
At 1 April 2023 8,403
Charge for year 12,304
At 31 March 2024 20,707
NET BOOK VALUE
At 31 March 2024 36,912
At 31 March 2023 49,216

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 294,243 130,887
Other debtors 442,366 460,424
736,609 591,311

Amounts falling due after more than one year:
Other debtors - 323

Aggregate amounts 736,609 591,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,333 8,333
Hire purchase contracts (see note 8) 7,195 7,195
Trade creditors 302,340 329,574
Taxation and social security 143,743 61,571
Other creditors 83,151 29,887
544,762 436,560

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,334 23,334
Hire purchase contracts (see note 8) 35,432 42,628
48,766 65,962

P.S.BAKER LIMITED (REGISTERED NUMBER: 04239112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 9,133 9,133
Between one and five years 37,856 46,989
46,989 56,122

Finance charges repayable:
Within one year 1,938 1,938
Between one and five years 2,424 4,361
4,362 6,299

Net obligations repayable:
Within one year 7,195 7,195
Between one and five years 35,432 42,628
42,627 49,823

Non-cancellable operating leases
2024 2023
£    £   
Within one year 51,600 -
Between one and five years 21,500 -
73,100 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date P Baker owed the company £1,168 (2023 - £21,172). The balance is
unsecured, has no repayment terms and no interest is charged (2022: 2%).