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REGISTERED NUMBER: 06787363 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BAKER JAYNE INSURANCE BROKERS LIMITED

BAKER JAYNE INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 06787363)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAKER JAYNE INSURANCE BROKERS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mr A Baker
Mr A Jayne





REGISTERED OFFICE: C/O Whitehall Accountants
The Coach House, Desford Hall
Leicester
LE9 9JJ





REGISTERED NUMBER: 06787363 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

BAKER JAYNE INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 06787363)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,138 153,189

CURRENT ASSETS
Debtors 5 746,399 609,140
Cash at bank 390,027 296,754
1,136,426 905,894
CREDITORS
Amounts falling due within one year 6 689,237 548,542
NET CURRENT ASSETS 447,189 357,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

569,327

510,541

CREDITORS
Amounts falling due after more than one
year

7

(92,823

)

(128,955

)

PROVISIONS FOR LIABILITIES (30,535 ) (29,106 )
NET ASSETS 445,969 352,480

CAPITAL AND RESERVES
Called up share capital 70,001 70,001
Retained earnings 375,968 282,479
SHAREHOLDERS' FUNDS 445,969 352,480

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 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.

BAKER JAYNE INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 06787363)

BALANCE SHEET - continued
31 March 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 Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





Mr A Baker - Director


BAKER JAYNE INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 06787363)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Baker Jayne Insurance Brokers 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.

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 represents the value of commissions receivable and net insurance premiums, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 16.67% on cost
Computer equipment - 33% 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.

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 11 (2023 - 12 ) .

BAKER JAYNE INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 06787363)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 890 40,323 6,788
Additions - - 2,382
At 31 March 2024 890 40,323 9,170
DEPRECIATION
At 1 April 2023 840 29,743 6,788
Charge for year 12 1,058 595
At 31 March 2024 852 30,801 7,383
NET BOOK VALUE
At 31 March 2024 38 9,522 1,787
At 31 March 2023 50 10,580 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 195,759 17,660 261,420
Additions - 2,096 4,478
At 31 March 2024 195,759 19,756 265,898
DEPRECIATION
At 1 April 2023 54,264 16,596 108,231
Charge for year 32,633 1,231 35,529
At 31 March 2024 86,897 17,827 143,760
NET BOOK VALUE
At 31 March 2024 108,862 1,929 122,138
At 31 March 2023 141,495 1,064 153,189

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 698,961 564,006
Other debtors 47,438 45,134
746,399 609,140

BAKER JAYNE INSURANCE BROKERS LIMITED (REGISTERED NUMBER: 06787363)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,375 9,375
Hire purchase contracts 26,745 26,065
Trade creditors 520,455 443,111
Taxation and social security 110,989 55,448
Other creditors 21,673 14,543
689,237 548,542

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,906 23,293
Hire purchase contracts 78,917 105,662
92,823 128,955

8. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by the directors.