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REGISTERED NUMBER: 07932944 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Baker Electrical Contractors Limited

Baker Electrical Contractors Limited (Registered number: 07932944)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Baker Electrical Contractors Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: D C Baker





REGISTERED OFFICE: 5 Sunfield Business Park
New Mill Road
Finchampstead
Berkshire
RG40 4QT





REGISTERED NUMBER: 07932944 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Baker Electrical Contractors Limited (Registered number: 07932944)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 72,148 56,592

CURRENT ASSETS
Inventories 10,695 5,000
Debtors 5 457,259 321,051
Cash at bank and in hand 26,276 2,689
494,230 328,740
CREDITORS
Amounts falling due within one year 6 (500,838 ) (333,415 )
NET CURRENT LIABILITIES (6,608 ) (4,675 )
TOTAL ASSETS LESS CURRENT LIABILITIES 65,540 51,917

CREDITORS
Amounts falling due after more than one
year

7

(45,559

)

(43,260

)

PROVISIONS FOR LIABILITIES (9,412 ) (3,431 )
NET ASSETS 10,569 5,226

CAPITAL AND RESERVES
Called up share capital 2 1
Retained earnings 10,567 5,225
10,569 5,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Baker Electrical Contractors Limited (Registered number: 07932944)

Balance Sheet - continued
29 February 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 20 November 2024 and were signed by:





D C Baker - Director


Baker Electrical Contractors Limited (Registered number: 07932944)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Baker Electrical Contractors 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.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

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.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Baker Electrical Contractors Limited (Registered number: 07932944)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued
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
Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

The company has entered into some hire purchase agreements for certain machinery assets. These assets have been capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Rights to use assets and corresponding obligations to lessors under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of fair value of the assets and the present value of the minimum lease payments, determined at the inception of the lease.

Lease payments are apportioned between finance charges and reduction of outstanding lease liabilities using the effective interest method, so as to produce a constant rate of interest on the remaining balance of the liabilities. Finance charges are recognised in the profit or loss. Assets held under finance leases are included in property, plant and equipment and are depreciated and reviewed for impairment the same way as assets owned outright.

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 - 9 ) .

Baker Electrical Contractors Limited (Registered number: 07932944)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 32,810 76,500 2,950 112,260
Additions - 36,750 2,991 39,741
Disposals - (7,250 ) - (7,250 )
At 29 February 2024 32,810 106,000 5,941 144,751
DEPRECIATION
At 1 March 2023 27,914 26,173 1,581 55,668
Charge for year 1,224 16,893 1,480 19,597
Eliminated on disposal - (2,662 ) - (2,662 )
At 29 February 2024 29,138 40,404 3,061 72,603
NET BOOK VALUE
At 29 February 2024 3,672 65,596 2,880 72,148
At 28 February 2023 4,896 50,327 1,369 56,592

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 23,000
Additions 26,500
At 29 February 2024 49,500
DEPRECIATION
At 1 March 2023 5,930
Charge for year 8,658
At 29 February 2024 14,588
NET BOOK VALUE
At 29 February 2024 34,912
At 28 February 2023 17,070

Baker Electrical Contractors Limited (Registered number: 07932944)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 396,309 292,334
Other debtors 24,260 16,973
Accrued income 34,105 8,404
Prepayments 2,585 3,340
457,259 321,051

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 6,210 6,210
Hire purchase contracts 11,013 3,518
Trade creditors 177,671 67,945
Tax 43,656 7,735
Social security and other taxes 7,296 13,067
Pensions creditor 29,237 28,916
VAT 35,476 19,490
Other creditors 180,306 158,867
Directors' current accounts 208 19,943
Accrued expenses 9,765 7,724
500,838 333,415

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 6,210 6,210
Bank loans - 2-5 years 18,629 18,629
Bank loans more 5 yr by instal 5,135 10,351
Hire purchase contracts 15,585 8,070
45,559 43,260

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,135 10,351

Baker Electrical Contractors Limited (Registered number: 07932944)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


8. RELATED PARTY DISCLOSURES

At the year end, the director was owed £208 (2023: £19,943) in relation to his director's loan account.

The loan is interest free and repayable on demand.

At the year end the company owed £150,812 (2023: £129,947) to BECS Fit-Out UK Limited, a company in which Mr D C Baker is the director and 100% shareholder.

This is a short term loan which is interest free and repayable on demand.

At the year end the company was owed £7,520 (2023: £8,005) by BECS Hire Limited, a company in which Mr D C Baker is the director and 100% shareholder.

This is a short term loan which is interest free and repayable on demand.