Silverfin false false 31/01/2024 01/02/2023 31/01/2024 Catherine Jane Keers 01/02/2016 Mark Andrew Stansfeld 01/02/2016 28 October 2024 The principal activity of the Company during the financial year was that of IT consultancy services. 09978535 2024-01-31 09978535 bus:Director1 2024-01-31 09978535 bus:Director2 2024-01-31 09978535 2023-01-31 09978535 core:CurrentFinancialInstruments 2024-01-31 09978535 core:CurrentFinancialInstruments 2023-01-31 09978535 core:Non-currentFinancialInstruments 2024-01-31 09978535 core:Non-currentFinancialInstruments 2023-01-31 09978535 core:ShareCapital 2024-01-31 09978535 core:ShareCapital 2023-01-31 09978535 core:RetainedEarningsAccumulatedLosses 2024-01-31 09978535 core:RetainedEarningsAccumulatedLosses 2023-01-31 09978535 core:OfficeEquipment 2023-01-31 09978535 core:OfficeEquipment 2024-01-31 09978535 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-01-31 09978535 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-01-31 09978535 bus:OrdinaryShareClass1 2024-01-31 09978535 bus:OrdinaryShareClass2 2024-01-31 09978535 2023-02-01 2024-01-31 09978535 bus:FilletedAccounts 2023-02-01 2024-01-31 09978535 bus:SmallEntities 2023-02-01 2024-01-31 09978535 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09978535 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09978535 bus:Director1 2023-02-01 2024-01-31 09978535 bus:Director2 2023-02-01 2024-01-31 09978535 core:OfficeEquipment core:TopRangeValue 2023-02-01 2024-01-31 09978535 2022-02-01 2023-01-31 09978535 core:OfficeEquipment 2023-02-01 2024-01-31 09978535 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 09978535 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 09978535 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 09978535 bus:OrdinaryShareClass2 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09978535 (England and Wales)

EVERYBODY LOVES BAXTER LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

EVERYBODY LOVES BAXTER LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

EVERYBODY LOVES BAXTER LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 January 2024
EVERYBODY LOVES BAXTER LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 7,808 10,971
7,808 10,971
Current assets
Debtors
- due within one year 4 102,086 25,068
- due after more than one year 4 0 5,634
Cash at bank and in hand 32,068 193
134,154 30,895
Creditors: amounts falling due within one year 5 ( 76,880) ( 36,961)
Net current assets/(liabilities) 57,274 (6,066)
Total assets less current liabilities 65,082 4,905
Provision for liabilities ( 1,824) ( 2,615)
Net assets 63,258 2,290
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 63,158 2,190
Total shareholders' funds 63,258 2,290

For the financial year ending 31 January 2024 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 Everybody Loves Baxter Limited (registered number: 09978535) were approved and authorised for issue by the Board of Directors on 28 October 2024. They were signed on its behalf by:

Catherine Jane Keers
Director
EVERYBODY LOVES BAXTER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
EVERYBODY LOVES BAXTER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
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

Everybody Loves Baxter 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 1-3 College Yard, Worcester, WR1 2LB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 Statement of Financial Position 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 5 years straight line

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 Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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 Statement of Financial Position 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 February 2023 46,257 46,257
Additions 1,791 1,791
At 31 January 2024 48,048 48,048
Accumulated depreciation
At 01 February 2023 35,286 35,286
Charge for the financial year 4,954 4,954
At 31 January 2024 40,240 40,240
Net book value
At 31 January 2024 7,808 7,808
At 31 January 2023 10,971 10,971

4. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Trade debtors 101,440 7,730
Amounts owed by related parties 646 646
Amounts owed by directors 0 16,692
102,086 25,068
Debtors: amounts falling due after more than one year
Other debtors 0 5,634

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 4,137 137
Amounts owed to directors 418 0
Accruals 10,920 7,520
Taxation and social security 61,405 29,304
76,880 36,961

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 ORDINARY A shares of £ 1.00 each 50 50
50 ORDINARY B shares of £ 1.00 each 50 50
100 100

7. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Amounts owed from a company owned by the directors 646 646

Transactions with the entity's directors

2024 2023
£ £
Amount owed (to)/from directors (418) 16,692

Advances were made to the directors during the year totalling £90,591 and repayments to the company of £45,000. Interest of 2.25% was applied on the balances totalling £1,299. The amount owed to the directors at the year end was £419.

During the year year there were dividends voted of £74,001