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Company Registration No. 10915250 (England and Wales)
PATRICK BAKER LTD Unaudited accounts for the year ended 31 August 2024
PATRICK BAKER LTD Unaudited accounts Contents
Page
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PATRICK BAKER LTD Company Information for the year ended 31 August 2024
Directors
P D Baker H L Baker
Company Number
10915250 (England and Wales)
Registered Office
5 GUARDIAN WAY DEREHAM NORFOLK NR20 3UJ England
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PATRICK BAKER LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,660 
11,827 
Current assets
Inventories
325 
655 
Debtors
2,439 
1,621 
Cash at bank and in hand
12,990 
12,967 
15,754 
15,243 
Creditors: amounts falling due within one year
(8,031)
(5,987)
Net current assets
7,723 
9,256 
Total assets less current liabilities
17,383 
21,083 
Provisions for liabilities
Deferred tax
(2,077)
(2,247)
Net assets
15,306 
18,836 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
15,305 
18,835 
Shareholders' funds
15,306 
18,836 
For the year ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by
P D Baker Director Company Registration No. 10915250
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PATRICK BAKER LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
PATRICK BAKER LTD is a private company, limited by shares, registered in England and Wales, registration number 10915250. The registered office is 5 GUARDIAN WAY, DEREHAM, NORFOLK, NR20 3UJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
20% on reducing balance
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.
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PATRICK BAKER LTD Notes to the Accounts for the year ended 31 August 2024
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
5,451 
10,000 
1,294 
16,745 
Additions
- 
- 
630 
630 
At 31 August 2024
5,451 
10,000 
1,924 
17,375 
Depreciation
At 1 September 2023
2,556 
2,000 
362 
4,918 
Charge for the year
579 
2,000 
218 
2,797 
At 31 August 2024
3,135 
4,000 
580 
7,715 
Net book value
At 31 August 2024
2,316 
6,000 
1,344 
9,660 
At 31 August 2023
2,895 
8,000 
932 
11,827 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
2,439 
1,621 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6,841 
4,708 
Other creditors
279 
414 
Accruals
911 
865 
8,031 
5,987 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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PATRICK BAKER LTD Notes to the Accounts for the year ended 31 August 2024
8
Transactions with related parties
At the balance sheet date included in creditors is £166 (2023 £414) payable to the Directors. This is interest free and there are no fixed repayment terms.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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