Company Registration No. 11925992 (England and Wales)
Baldwin Salter Ltd
Unaudited accounts
for the year ended 30 April 2024
Baldwin Salter Ltd
Unaudited accounts
Contents
Baldwin Salter Ltd
Company Information
for the year ended 30 April 2024
Directors
James Martin Baldwin
Matthew William Salter
Company Number
11925992 (England and Wales)
Registered Office
15 Priory Gate Road
Dover
Kent
CT17 9SA
England
Baldwin Salter Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
31,334
41,778
Inventories
112,338
93,939
Cash at bank and in hand
244,369
209,576
Creditors: amounts falling due within one year
(323,417)
(390,981)
Net current assets
87,107
11,582
Total assets less current liabilities
118,441
53,360
Creditors: amounts falling due after more than one year
(117,734)
(31,608)
Called up share capital
100
100
Profit and loss account
607
21,652
Shareholders' funds
707
21,752
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
Matthew William Salter
Director
Company Registration No. 11925992
Baldwin Salter Ltd
Notes to the Accounts
for the year ended 30 April 2024
Baldwin Salter Ltd is a private company, limited by shares, registered in England and Wales, registration number 11925992. The registered office is 15 Priory Gate Road, Dover, Kent, CT17 9SA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Baldwin Salter Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
67,768
16,923
84,691
At 30 April 2024
67,768
16,923
84,691
At 1 May 2023
34,600
8,313
42,913
Charge for the year
8,292
2,152
10,444
At 30 April 2024
42,892
10,465
53,357
At 30 April 2024
24,876
6,458
31,334
At 30 April 2023
33,168
8,610
41,778
Amounts falling due within one year
Trade debtors
42,018
97,884
Accrued income and prepayments
11,799
3,366
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
14,083
(169)
Obligations under finance leases and hire purchase contracts
4,641
8,238
Trade creditors
76,912
117,390
Taxes and social security
34,701
20,993
Loans from directors
113,647
166,369
Deferred income
28,850
29,833
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 29 (2023: 28).