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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
Page
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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
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Baldwin Salter Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,334 
41,778 
Current assets
Inventories
112,338 
93,939 
Debtors
53,817 
99,048 
Cash at bank and in hand
244,369 
209,576 
410,524 
402,563 
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)
Net assets
707 
21,752 
Capital and reserves
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
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Baldwin Salter Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Pension 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
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.
Leased assets
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.
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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 
Depreciation
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 
Net book value
At 30 April 2024
24,876 
6,458 
31,334 
At 30 April 2023
33,168 
8,610 
41,778 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
42,018 
97,884 
Accrued income and prepayments
11,799 
3,366 
Other debtors
- 
(2,202)
53,817 
99,048 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
14,083 
(169)
VAT
50,583 
48,327 
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 
323,417 
390,981 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
117,734 
31,608 
8
Average number of employees
During the year the average number of employees was 29 (2023: 28).
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