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Registered number: 03764956
Baker Gladstone and York Limited
Financial Statements
For The Year Ended 31 May 2024
Adams & Moore Ltd
Adams & Moore House
Instone Road
Dartford
DA1 2AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03764956
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,042 6,224
Investments 5 1,158,624 1,092,659
1,163,666 1,098,883
CURRENT ASSETS
Debtors 6 30,496 30,344
Cash at bank and in hand 297,994 324,080
328,490 354,424
Creditors: Amounts Falling Due Within One Year 7 (295,144 ) (188,147 )
NET CURRENT ASSETS (LIABILITIES) 33,346 166,277
TOTAL ASSETS LESS CURRENT LIABILITIES 1,197,012 1,265,160
NET ASSETS 1,197,012 1,265,160
CAPITAL AND RESERVES
Called up share capital 8 1,001 1,001
Share premium account 2,249 2,249
Revaluation reserve 9 7,408 7,408
Profit and Loss Account 1,186,354 1,254,502
SHAREHOLDERS' FUNDS 1,197,012 1,265,160
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Gladstone
Director
30/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Baker Gladstone and York Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03764956 . The registered office is 75 Lavender Sweep, London, SW11 1EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
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Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 13,961 43,630 57,591
Additions - 499 499
As at 31 May 2024 13,961 44,129 58,090
Depreciation
As at 1 June 2023 10,217 41,150 51,367
Provided during the period 936 745 1,681
As at 31 May 2024 11,153 41,895 53,048
Net Book Value
As at 31 May 2024 2,808 2,234 5,042
As at 1 June 2023 3,744 2,480 6,224
5. Investments
Unlisted
£
Cost
As at 1 June 2023 1,092,659
Additions 65,965
As at 31 May 2024 1,158,624
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 1,158,624
As at 1 June 2023 1,092,659
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 16,511 28,376
Other debtors 11,380 -
Staff Loans 2,605 1,968
30,496 30,344
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 47,764 5,359
Corporation tax 164,761 128,894
Other taxes and social security 30,963 9,485
Pensions payable 4,371 4,022
Commercial Card 339 516
Accruals and deferred income 6,612 5,400
Directors' loan accounts 40,334 34,471
295,144 188,147
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,001 1,001
9. Reserves
Revaluation Reserve
£
As at 1 June 2023 7,408
As at 31 May 2024 7,408
Page 5