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REGISTERED NUMBER: 02488907 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

BAXTER CONSTRUCTION LIMITED

BAXTER CONSTRUCTION LIMITED (REGISTERED NUMBER: 02488907)

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


BAXTER CONSTRUCTION LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: Mr I D Baxter
Mr W J Baxter
Mr C I Baxter



SECRETARY: Mr I D Baxter



REGISTERED OFFICE: 5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ



REGISTERED NUMBER: 02488907 (England and Wales)



BANKERS: National Westminster Bank plc
PO Box 10
26 Talbot Road
Blackpool
Lancashire
FY1 1LQ

BAXTER CONSTRUCTION LIMITED (REGISTERED NUMBER: 02488907)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,798 47,739

CURRENT ASSETS
Stocks 5 1,264,183 781,429
Debtors 6 1,345,568 2,085,754
Cash at bank 7,600 3,616
2,617,351 2,870,799
CREDITORS
Amounts falling due within one year 7 493,558 766,082
NET CURRENT ASSETS 2,123,793 2,104,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,157,591

2,152,456

CREDITORS
Amounts falling due after more than one
year

8

(361,535

)

(372,183

)

PROVISIONS FOR LIABILITIES - (4,255 )
NET ASSETS 1,796,056 1,776,018

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,795,056 1,775,018
SHAREHOLDERS' FUNDS 1,796,056 1,776,018

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.

BAXTER CONSTRUCTION LIMITED (REGISTERED NUMBER: 02488907)

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 8 January 2025 and were signed on its behalf by:





Mr C I Baxter - Director


BAXTER CONSTRUCTION LIMITED (REGISTERED NUMBER: 02488907)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Baxter Construction 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.

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.

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
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

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.

BAXTER CONSTRUCTION LIMITED (REGISTERED NUMBER: 02488907)

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 599,991 27,945 59,781 687,717
Additions - - 25,108 25,108
Disposals (81,543 ) (5,659 ) - (87,202 )
At 30 April 2024 518,448 22,286 84,889 625,623
DEPRECIATION
At 1 May 2023 561,957 19,274 58,747 639,978
Charge for year 8,317 1,001 21,422 30,740
Eliminated on disposal (75,230 ) (3,663 ) - (78,893 )
At 30 April 2024 495,044 16,612 80,169 591,825
NET BOOK VALUE
At 30 April 2024 23,404 5,674 4,720 33,798
At 30 April 2023 38,034 8,671 1,034 47,739

5. STOCKS
2024 2023
£    £   
Stocks 1,264,183 781,429

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Baxter Homes Limited 1,329,022 1,907,977
Baxter Estates Limited 1,676 1,676
Other debtors 6,084 3,384
Newberry Homes Limited - 166,577
Directors' current accounts 500 -
VAT 5,158 -
Prepayments 3,128 6,140
1,345,568 2,085,754

BAXTER CONSTRUCTION LIMITED (REGISTERED NUMBER: 02488907)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,740 9,740
Trade creditors 47,149 41,878
Tax - 6
Social security and other taxes 150 -
Other creditors - 566
The Baxter Group Limited 409,004 708,596
Newberry Homes Limited 24,886 -
Directors' current accounts 500 500
Accrued expenses 2,129 4,796
493,558 766,082

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 22,183 22,183
Bank loans more 5 yr by instal 339,352 350,000
361,535 372,183

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 339,352 350,000

9. RELATED PARTY DISCLOSURES

At 30 April 2024 a loan of £1,329,022 (2023 - £1,907,977) was owed by Baxter Homes Limited.

At 30 April 2024, the company was owed £1,676 by Baxter Estates Limited (2023 £1,676)

At 30 April 2024 the company owed 409,004 (2023 - £708,596) to The Baxter Group Limited (the Holding company).