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REGISTERED NUMBER: 07560615 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Baker Davidson Thomas Limited

Baker Davidson Thomas Limited (Registered number: 07560615)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Baker Davidson Thomas Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: H M Elliott
A M Gibbs
R J Ware





SECRETARY: H M Elliott





REGISTERED OFFICE: 7 Faraday Office Park
Faraday Road
Basingstoke
Hampshire
RG24 8QQ





REGISTERED NUMBER: 07560615 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Baker Davidson Thomas Limited (Registered number: 07560615)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,286 1,912
2,286 1,912

CURRENT ASSETS
Debtors 6 362,993 282,607
Cash at bank 359,523 817,480
722,516 1,100,087
CREDITORS
Amounts falling due within one year 7 358,429 390,574
NET CURRENT ASSETS 364,087 709,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,373

711,425

PROVISIONS FOR LIABILITIES 9 572 440
NET ASSETS 365,801 710,985

CAPITAL AND RESERVES
Called up share capital 10 30 60
Capital redemption reserve 90 60
Retained earnings 365,681 710,865
SHAREHOLDERS' FUNDS 365,801 710,985

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Davidson Thomas Limited (Registered number: 07560615)

Balance Sheet - continued
30 November 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 20 January 2025 and were signed on its behalf by:





A M Gibbs - Director


Baker Davidson Thomas Limited (Registered number: 07560615)

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


1. STATUTORY INFORMATION

Baker Davidson Thomas 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of two businesses in March 2011, has been amortised over the estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


Baker Davidson Thomas Limited (Registered number: 07560615)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 360,000
AMORTISATION
At 1 December 2023
and 30 November 2024 360,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

Baker Davidson Thomas Limited (Registered number: 07560615)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2023 12,679 12,499 25,178
Additions - 2,480 2,480
At 30 November 2024 12,679 14,979 27,658
DEPRECIATION
At 1 December 2023 12,679 10,587 23,266
Charge for year - 2,106 2,106
At 30 November 2024 12,679 12,693 25,372
NET BOOK VALUE
At 30 November 2024 - 2,286 2,286
At 30 November 2023 - 1,912 1,912

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 347,351 264,349
Other debtors 15,642 18,258
362,993 282,607

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 5,422 5,500
Taxation and social security 286,715 347,528
Other creditors 66,292 37,546
358,429 390,574

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.24 30.11.23
£    £   
Within one year 22,000 22,000
Between one and five years 31,167 53,167
53,167 75,167

Baker Davidson Thomas Limited (Registered number: 07560615)

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


9. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 572 440

Deferred
tax
£   
Balance at 1 December 2023 440
Accelerated capital allowances 132
Balance at 30 November 2024 572

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
30 Ordinary £1 30 60

11. RELATED PARTY DISCLOSURES

During the year the company repurchased 30 of its own ordinary £1 shares from Mr B R Pickett for consideration of £375,000.

This repurchase of shares led to an increase in the capital redemption reserve of £30 during the year. All other movements on the company's reserves relate to comprehensive income and dividends paid during the year.