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REGISTERED NUMBER: 09175490 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

L R Baker Electrical Ltd

L R Baker Electrical Ltd (Registered number: 09175490)






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


L R Baker Electrical Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: L Baker





REGISTERED OFFICE: 19 Cambridge Road
Faversham
Kent
ME13 8RW





REGISTERED NUMBER: 09175490 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

L R Baker Electrical Ltd (Registered number: 09175490)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,931 616
14,931 616

CURRENT ASSETS
Debtors 6 50,084 58,314
Cash at bank and in hand 2,259 1,153
52,343 59,467
CREDITORS
Amounts falling due within one year 7 69,095 51,790
NET CURRENT (LIABILITIES)/ASSETS (16,752 ) 7,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,821

)

8,293

CREDITORS
Amounts falling due after more than one
year

8

15,672

8,269
NET (LIABILITIES)/ASSETS (17,493 ) 24

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (17,494 ) 23
(17,493 ) 24

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 director acknowledges his 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.

L R Baker Electrical Ltd (Registered number: 09175490)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





L Baker - Director


L R Baker Electrical Ltd (Registered number: 09175490)

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

1. STATUTORY INFORMATION

L R Baker Electrical 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

L R Baker Electrical Ltd (Registered number: 09175490)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 10,000
AMORTISATION
At 1 May 2023
and 30 April 2024 10,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 - 8,200 8,200
Additions 14,714 - 14,714
At 30 April 2024 14,714 8,200 22,914
DEPRECIATION
At 1 May 2023 - 7,584 7,584
Charge for year 245 154 399
At 30 April 2024 245 7,738 7,983
NET BOOK VALUE
At 30 April 2024 14,469 462 14,931
At 30 April 2023 - 616 616

L R Baker Electrical Ltd (Registered number: 09175490)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 14,714
At 30 April 2024 14,714
DEPRECIATION
Charge for year 245
At 30 April 2024 245
NET BOOK VALUE
At 30 April 2024 14,469

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,997 4,855
Other debtors 20,000 31,786
Directors' current accounts 11,096 21,673
VAT 7,817 -
Prepayments 174 -
50,084 58,314

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,304 11,583
Hire purchase contracts 2,781 -
Trade creditors 37,957 10,689
Tax 2,075 2,075
Social security and other taxes 4,236 18,416
VAT - 1,536
Other creditors 7,166 223
Net wages control 390 6,756
Commercial card 1,186 512
69,095 51,790

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - > 1 year 4,548 8,269
Hire purchase contracts 11,124 -
15,672 8,269