smallAccCompHo_0921.xslt
Company Registration No. 11172354 (England and Wales)
STANLEY C BAKER AND SONS LIMITED
Financial Statements
for the Period from 01 April 2023 to 31 March 2024

STANLEY C BAKER AND SONS LIMITED

Financial Statements for the period ending 31 March 2024

STANLEY C BAKER AND SONS LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

1. Statutory Information
STANLEY C BAKER AND SONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11172354.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit and loss. The accounts have been prepared on a going concern basis as the Directors have no intention of removing their support from the company and therefore consider that the company can continue as a going concern.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax. Revenue from construction contracts is recognised by reference to the stage of completion of a transaction at the end of the reporting period, that the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.

STANLEY C BAKER AND SONS LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

Current Tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible Fixed Asset Policy
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.Depreciation is calculated so as to write off the costs or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery 15% reducing balance Motor vehicles 25% reducing balanceComputer equipment 25% reducing balanceA review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

STANLEY C BAKER AND SONS LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

Intangible Asset Policy
Goodwill arises on business acquisitions and represents the excess of the costs of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years. Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Goodwill 20% straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Stock
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Deferred Tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

STANLEY C BAKER AND SONS LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 8
2023 8
4. Principal Activity
The principal activity of the Company is the construction, alteration and repair of buildings.

STANLEY C BAKER AND SONS LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

5. Fixed Assets
Plant and Machinery Motor Vehicles Computer Equipment Total
Cost or valuation £ £ £ £
At 01/04/2023 29,080 54,182 735 83,997
Additions 14,150 28,995 94 43,239
At 31/03/2024 43,230 83,177 829 127,236
Depreciation
At 01/04/2023 11,255 29,778 311 41,344
Charge for the year 4,795 13,349 130 18,274
At 31/03/2024 16,050 43,127 441 59,618
Net Book Value
At 31/03/2024 27,180 40,050 388 67,618
At 31/03/2023 17,825 24,404 424 42,653