Registered number
09787114
Baker Ing International Limited
Filleted Accounts
31 December 2024
Baker Ing International Limited
Registered number: 09787114
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 4,564 6,085
Tangible assets 4 14,850 16,244
Investments 5 83 -
19,497 22,329
Current assets
Debtors 6 906,372 772,637
Cash at bank and in hand 359,011 653,148
1,265,383 1,425,785
Creditors: amounts falling due within one year 7 (522,473) (536,128)
Net current assets 742,910 889,657
Total assets less current liabilities 762,407 911,986
Creditors: amounts falling due after more than one year 8 (256,052) (269,219)
Net assets 506,355 642,767
Capital and reserves
Called up share capital 1 1
Profit and loss account 506,354 642,766
Shareholders' funds 506,355 642,767
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christopher Snelson
Director
Approved by the board on 24 March 2025
Baker Ing International Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Computer equipment 25% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 36 25
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 7,087
At 31 December 2024 7,087
Amortisation
At 1 January 2024 1,002
Provided during the year 1,521
At 31 December 2024 2,523
Net book value
At 31 December 2024 4,564
At 31 December 2023 6,085
4 Tangible fixed assets
Plant and machinery Computer Equipment Total
£ £ £
Cost
At 1 January 2024 4,254 25,882 30,136
Additions - 5,670 5,670
At 31 December 2024 4,254 31,552 35,806
Depreciation
At 1 January 2024 2,451 11,441 13,892
Charge for the year 738 6,326 7,064
At 31 December 2024 3,189 17,767 20,956
Net book value
At 31 December 2024 1,065 13,785 14,850
At 31 December 2023 1,803 14,441 16,244
5 Investments
Investments in
subsidiary
undertakings Total
£ £
Cost
Additions 83 83
At 31 December 2024 83 83
6 Debtors 2024 2023
£ £
Trade debtors 905,626 766,440
Other debtors 746 6,197
906,372 772,637
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 84,392 38,281
Trade creditors 103,032 102,552
Taxation and social security costs 295,802 368,045
Other creditors 39,247 27,250
522,473 536,128
The company borrowed £84,000 under the Coronavirus Business Interuption Loan Scheme. The interest rate is 3.1% plus the Base Rate.
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 256,052 269,219
9 Controlling party
The company is controlled by S J Ing and L M Baker - Reynolds.
10 Other information
Baker Ing International Limited is a private company limited by shares and incorporated in England. Its registered office is:
Office 7, 35-37 Ludgate Hill
London
EC4M 7JN
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