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REGISTERED NUMBER: 07992907 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 30 April 2024

for

D J Baybutt & Associates Ltd

D J Baybutt & Associates Ltd (Registered number: 07992907)






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


D J Baybutt & Associates Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: D Baybutt



SECRETARY: Mrs C Baybutt



REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



REGISTERED NUMBER: 07992907 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Barclays Bank plc

D J Baybutt & Associates Ltd (Registered number: 07992907)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 80,000 90,000
Tangible assets 5 16,282 21,709
Investments 6 759,488 759,488
855,770 871,197

CURRENT ASSETS
Debtors 7 2,532 8,278
Cash at bank 249,241 186,593
251,773 194,871
CREDITORS
Amounts falling due within one year 8 219,113 215,163
NET CURRENT ASSETS/(LIABILITIES) 32,660 (20,292 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

888,430

850,905

CREDITORS
Amounts falling due after more than one
year

9

367,670

396,479
NET ASSETS 520,760 454,426

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 520,660 454,326
SHAREHOLDERS' FUNDS 520,760 454,426

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.

D J Baybutt & Associates Ltd (Registered number: 07992907)

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 22 January 2025 and were signed by:





D Baybutt - Director


D J Baybutt & Associates Ltd (Registered number: 07992907)

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

1. STATUTORY INFORMATION

D J Baybutt & Associates 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
Fee income 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 2012, is being amortised evenly over its estimated useful life of twenty 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.
Fixtures and fittings - 25% on reducing balance

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

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.

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.

D J Baybutt & Associates Ltd (Registered number: 07992907)

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 200,000
AMORTISATION
At 1 May 2023 110,000
Amortisation for year 10,000
At 30 April 2024 120,000
NET BOOK VALUE
At 30 April 2024 80,000
At 30 April 2023 90,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 42,170
DEPRECIATION
At 1 May 2023 20,461
Charge for year 5,427
At 30 April 2024 25,888
NET BOOK VALUE
At 30 April 2024 16,282
At 30 April 2023 21,709

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 759,488
NET BOOK VALUE
At 30 April 2024 759,488
At 30 April 2023 759,488

D J Baybutt & Associates Ltd (Registered number: 07992907)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,532 2,286
Other debtors - 326
Tax - 5,666
2,532 8,278

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 43,096 43,096
Trade creditors 5,971 10,194
Corporation tax 29,889 4,125
Other creditors - 2,545
Due to connected companies 31,038 33,793
Directors' loan accounts 104,115 114,951
Accruals and deferred income 5,004 6,459
219,113 215,163

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 43,096 43,096
Bank loans - 2-5 years 129,289 129,289
Bank loans more 5 yr by instal 195,285 224,094
367,670 396,479

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 195,285 224,094

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 410,766 439,575

The bank loan is secured by a fixed and floating charge over the company's assets.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100