Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31truefalse2023-08-01falseNo description of principal activity1010trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04028929 2023-08-01 2024-07-31 04028929 2022-08-01 2023-07-31 04028929 2024-07-31 04028929 2023-07-31 04028929 c:Director1 2023-08-01 2024-07-31 04028929 c:Director2 2023-08-01 2024-07-31 04028929 c:RegisteredOffice 2023-08-01 2024-07-31 04028929 d:Buildings 2023-08-01 2024-07-31 04028929 d:Buildings 2024-07-31 04028929 d:Buildings 2023-07-31 04028929 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04028929 d:PlantMachinery 2023-08-01 2024-07-31 04028929 d:PlantMachinery 2024-07-31 04028929 d:PlantMachinery 2023-07-31 04028929 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04028929 d:MotorVehicles 2023-08-01 2024-07-31 04028929 d:MotorVehicles 2024-07-31 04028929 d:MotorVehicles 2023-07-31 04028929 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04028929 d:FurnitureFittings 2023-08-01 2024-07-31 04028929 d:FurnitureFittings 2024-07-31 04028929 d:FurnitureFittings 2023-07-31 04028929 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04028929 d:ComputerEquipment 2023-08-01 2024-07-31 04028929 d:ComputerEquipment 2024-07-31 04028929 d:ComputerEquipment 2023-07-31 04028929 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04028929 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04028929 d:CurrentFinancialInstruments 2024-07-31 04028929 d:CurrentFinancialInstruments 2023-07-31 04028929 d:Non-currentFinancialInstruments 2024-07-31 04028929 d:Non-currentFinancialInstruments 2023-07-31 04028929 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 04028929 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04028929 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 04028929 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 04028929 d:ShareCapital 2024-07-31 04028929 d:ShareCapital 2023-07-31 04028929 d:SharePremium 2024-07-31 04028929 d:SharePremium 2023-07-31 04028929 d:RetainedEarningsAccumulatedLosses 2024-07-31 04028929 d:RetainedEarningsAccumulatedLosses 2023-07-31 04028929 c:FRS102 2023-08-01 2024-07-31 04028929 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04028929 c:FullAccounts 2023-08-01 2024-07-31 04028929 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04028929 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Company registration number: 04028929







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024


BAKERS INSTRUMENT BROKERS LIMITED






































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BAKERS INSTRUMENT BROKERS LIMITED
 


 
COMPANY INFORMATION


Directors
T H M Baker 
R W Wright 




Registered number
04028929



Registered office
Richmond House
Walkern Road

Stevenage

SG1 3QP




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


BAKERS INSTRUMENT BROKERS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 9

 


BAKERS INSTRUMENT BROKERS LIMITED
REGISTERED NUMBER:04028929



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
337,604
343,740

  
337,604
343,740

Current assets
  

Stocks
  
748,283
552,796

Debtors: amounts falling due within one year
 5 
609,250
271,325

Cash at bank and in hand
  
2,569,526
2,190,424

  
3,927,059
3,014,545

Creditors: amounts falling due within one year
 6 
(1,435,248)
(1,073,602)

Net current assets
  
 
 
2,491,811
 
 
1,940,943

Total assets less current liabilities
  
2,829,415
2,284,683

Creditors: amounts falling due after more than one year
 7 
-
(4,858)

  

Net assets
  
2,829,415
2,279,825


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
19,700
19,700

Profit and loss account
  
2,808,715
2,259,125

  
2,829,415
2,279,825

Page 1

 


BAKERS INSTRUMENT BROKERS LIMITED
REGISTERED NUMBER:04028929


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
T H M Baker
Director

Date: 14 March 2025

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 


BAKERS INSTRUMENT BROKERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Bakers Instrument Brokers 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


BAKERS INSTRUMENT BROKERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Plant and machinery
-
25%
Motor vehicles
-
20%
Fixtures and fittings
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


BAKERS INSTRUMENT BROKERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Page 5

 


BAKERS INSTRUMENT BROKERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 10).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment

£
£
£
£
£



Cost or valuation


At 1 August 2023
319,734
100,274
54,334
63,511
22,942


Additions
-
-
-
-
2,018



At 31 July 2024

319,734
100,274
54,334
63,511
24,960



Depreciation


At 1 August 2023
-
99,981
37,355
63,511
16,208


Charge for the year on owned assets
-
114
4,187
-
3,853



At 31 July 2024

-
100,095
41,542
63,511
20,061



Net book value



At 31 July 2024
319,734
179
12,792
-
4,899



At 31 July 2023
319,734
293
16,979
-
6,734
Page 6

 


BAKERS INSTRUMENT BROKERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 August 2023
560,795


Additions
2,018



At 31 July 2024

562,813



Depreciation


At 1 August 2023
217,055


Charge for the year on owned assets
8,154



At 31 July 2024

225,209



Net book value



At 31 July 2024
337,604



At 31 July 2023
343,740


5.


Debtors

2024
2023
£
£


Trade debtors
546,466
245,448

Other debtors
62,784
25,877

609,250
271,325


Page 7

 


BAKERS INSTRUMENT BROKERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
9,073

Trade creditors
344,577
193,351

Amounts owed to group undertakings
131,071
131,071

Amounts owed to connected undertakings
30,716
30,716

Taxation and social security
522,858
469,615

Other creditors
406,026
234,476

Obligations under finance lease and hire purchase contracts
-
5,300

1,435,248
1,073,602


The following liabilities were secured:

2024
2023
£
£



Bank Loans
-
9,073

Obligations under finance lease and hire purchase contracts
-
5,300

-
14,373

Details of security provided:

Bank loans and other borrowing facilities are secured by a fixed and floating charge over the assets of the company.
Obligations under finance lease and hire purchase contracts are secured against the asset concerned.

Page 8

 


BAKERS INSTRUMENT BROKERS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Obligations under finance lease and hire purchase contracts
-
4,858

-
4,858


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
-
4,858

-
4,858

Details of security provided:

Bank loans and other borrowing facilities are secured by a fixed and floating charge over the assets of the company.
Obligations under finance lease and hire purchase contracts are secured against the asset concerned.


8.


Related party transactions

At the reporting date the company owed £30,716 (2023: £30,716) to companies under common control. The balance can be found within creditors due within one year and no interest is being charged on this.

 
Page 9