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REGISTERED NUMBER: 10121756 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2024

for

BAKER & KING LTD

BAKER & KING LTD (Registered number: 10121756)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAKER & KING LTD

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr A W Baker
Mr J King





SECRETARY: Mrs K A Baker





REGISTERED OFFICE: 5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ





REGISTERED NUMBER: 10121756 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

BAKER & KING LTD (Registered number: 10121756)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,869 10,848

CURRENT ASSETS
Stocks 1,750 11,500
Debtors 5 48,802 82,147
Cash at bank 189,567 59,586
240,119 153,233
CREDITORS
Amounts falling due within one year 6 76,028 39,572
NET CURRENT ASSETS 164,091 113,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,960

124,509

PROVISIONS FOR LIABILITIES 7 4,717 1,129
NET ASSETS 178,243 123,380

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 178,241 123,378
SHAREHOLDERS' FUNDS 178,243 123,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 & KING LTD (Registered number: 10121756)

Balance Sheet - continued
30 April 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 27 November 2024 and were signed on its behalf by:




Mr J King - Director



Mr A W Baker - Director


BAKER & KING LTD (Registered number: 10121756)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

BAKER & KING LTD 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 4 years

Stocks
Stocks 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.

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.

BAKER & KING LTD (Registered number: 10121756)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 11,568 25,737 679 37,984
Additions - 11,000 - 11,000
At 30 April 2024 11,568 36,737 679 48,984
DEPRECIATION
At 1 May 2023 6,117 20,492 527 27,136
Charge for year 1,363 1,540 76 2,979
At 30 April 2024 7,480 22,032 603 30,115
NET BOOK VALUE
At 30 April 2024 4,088 14,705 76 18,869
At 30 April 2023 5,451 5,245 152 10,848

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,113 37,164
Unbilled sales contracts 20,689 44,983
48,802 82,147

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,618 14,715
Tax 36,497 6,587
Social security and other taxes 2,745 3,168
VAT 18,875 4,956
Other creditors - 1,056
Directors' current accounts 9,218 7,110
Accrued expenses 2,075 1,980
76,028 39,572

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,717 1,129

BAKER & KING LTD (Registered number: 10121756)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 1,129
Movement in year 3,588
Balance at 30 April 2024 4,717