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REGISTERED NUMBER: 06532620 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

THE BAXTER GROUP LIMITED

THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620)

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


THE BAXTER GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: Mr I D Baxter
Mr C I Baxter





SECRETARY: Mr I D Baxter





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





REGISTERED NUMBER: 06532620 (England and Wales)





ACCOUNTANTS: ma2 Limited
Chartered Accountants
5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ

THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,721,877 2,772,823
Investments 5 220,189 220,089
2,942,066 2,992,912

CURRENT ASSETS
Stocks 1,396,917 164,382
Debtors 6 1,147,482 1,562,087
Cash at bank 19,103 73,803
2,563,502 1,800,272
CREDITORS
Amounts falling due within one year 7 3,320,239 2,629,065
NET CURRENT LIABILITIES (756,737 ) (828,793 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,185,329

2,164,119

CREDITORS
Amounts falling due after more than one
year

8

(252,107

)

(250,960

)

PROVISIONS FOR LIABILITIES (303,592 ) (303,592 )
NET ASSETS 1,629,630 1,609,567

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 1,298,368 1,298,368
Retained earnings 331,162 311,099
SHAREHOLDERS' FUNDS 1,629,630 1,609,567

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.

THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620)

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


THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620)

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


1. STATUTORY INFORMATION

The Baxter Group 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 as modified by the revaluation of certain assets.

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 - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620)

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


2. ACCOUNTING POLICIES - continued

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 23 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 May 2023 2,396,487 289,510 248,620 68,334 3,002,951
Additions - 86,108 - 11,782 97,890
Disposals - (4,390 ) (83,980 ) - (88,370 )
At 30 April 2024 2,396,487 371,228 164,640 80,116 3,012,471
DEPRECIATION
At 1 May 2023 - 143,930 46,518 39,680 230,128
Charge for year - 35,297 32,418 4,298 72,013
Eliminated on disposal - - (11,547 ) - (11,547 )
At 30 April 2024 - 179,227 67,389 43,978 290,594
NET BOOK VALUE
At 30 April 2024 2,396,487 192,001 97,251 36,138 2,721,877
At 30 April 2023 2,396,487 145,580 202,102 28,654 2,772,823

Cost or valuation at 30 April 2024 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2024 2,396,487 371,228 164,640 80,116 3,012,471

THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620)

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


4. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,182,119 1,182,119
Aggregate depreciation 84,000 84,000

Value of land in freehold land and buildings 1,098,119 1,098,119

Freehold property was valued on an open market basis on 10 October 2022 by Cluttons .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 220,089
Additions 100
At 30 April 2024 220,189
NET BOOK VALUE
At 30 April 2024 220,189
At 30 April 2023 220,089

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,350 1,350
Baxter Homes Limited - 216,728
Baxter Construction Limited 409,004 708,596
Newberry Homes Loan account 712,455 516,575
VAT 18,985 112,588
Prepayments 5,688 6,250
1,147,482 1,562,087

THE BAXTER GROUP LIMITED (REGISTERED NUMBER: 06532620)

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 1,402,971 922,971
Hire purchase contracts 71,853 75,059
Trade creditors 59,773 48,609
Tax 17,103 29,268
Social security and other taxes 283,319 247,808
Baxter Estates Limited 3,494 3,494
Baxter Homes (Tithebarn) Ltd 100 -
Baxter Homes Limited 271,182 -
Directors' current accounts 1,207,944 1,289,695
Accrued expenses 2,500 12,161
3,320,239 2,629,065

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 226,550 227,710
Other creditors 25,557 23,250
252,107 250,960

9. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 1,298,368

10. RELATED PARTY DISCLOSURES

The company is the holding company of Baxter Construction Limited, Baxter Homes Limited, Baxter Estates Limited, Baxter Aggregates Limited and Lancashire Aggregates Limited.

The Baxter Family Trust owns 90% of the share capital.

Mr I D Baxter holds a loan account with the company, it remained in credit throughout the year.

At 30 April 2024, the company owed £271,182 to Baxter Homes Limited (2023 £216,728 was owed by Baxter Homes Limited).

At 30 April 2024 the company was owed £3,494 (2023 - £3,494) by Baxter Estates Limited.

At 30 April 2024, the company owed £409,004 (2023 - £708,596) by Baxter Construction Limited.