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REGISTERED NUMBER: 12342054 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BAXENDALE EMPLOYEE OWNERSHIP LIMITED

BAXENDALE EMPLOYEE OWNERSHIP LIMITED (REGISTERED NUMBER: 12342054)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAXENDALE EMPLOYEE OWNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: E S Hall
E A Alston





REGISTERED OFFICE: Runway East
20 St Thomas Street
London
SE1 9RS





REGISTERED NUMBER: 12342054 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

BAXENDALE EMPLOYEE OWNERSHIP LIMITED (REGISTERED NUMBER: 12342054)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 6,263 6,201

CURRENT ASSETS
Debtors 5 325,248 386,825
Cash at bank 641,963 802,463
967,211 1,189,288
CREDITORS
Amounts falling due within one year 6 595,892 818,133
NET CURRENT ASSETS 371,319 371,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,582

377,356

PROVISIONS FOR LIABILITIES 1,566 1,558
NET ASSETS 376,016 375,798

CAPITAL AND RESERVES
Called up share capital 75,000 75,000
Retained earnings 301,016 300,798
376,016 375,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BAXENDALE EMPLOYEE OWNERSHIP LIMITED (REGISTERED NUMBER: 12342054)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





E S Hall - Director


BAXENDALE EMPLOYEE OWNERSHIP LIMITED (REGISTERED NUMBER: 12342054)

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


1. STATUTORY INFORMATION

Baxendale Employee Ownership 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 presentational currency of the financial statements is the Pound Sterling (£) which is rounded to the nearest pound (£).

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
Turnover represents amounts receivable for consultancy services rendered by the entity to assist traditional companies with the transition to becoming employee-owned businesses.

Turnover is recognised in the period for which the services are rendered and based on the stage of completion.

Tangible fixed assets
Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a straight line basis at rates between 15% to 33% per annum.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.


BAXENDALE EMPLOYEE OWNERSHIP LIMITED (REGISTERED NUMBER: 12342054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Employee benefits
The cost of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2024 14,190
Additions 4,287
At 31 December 2024 18,477
DEPRECIATION
At 1 January 2024 7,989
Charge for year 4,225
At 31 December 2024 12,214
NET BOOK VALUE
At 31 December 2024 6,263
At 31 December 2023 6,201

BAXENDALE EMPLOYEE OWNERSHIP LIMITED (REGISTERED NUMBER: 12342054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 200,556 260,358
Other debtors 124,692 126,467
325,248 386,825

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 10,439 15,217
Taxation and social security 93,109 100,828
Other creditors 492,344 702,088
595,892 818,133

7. OFF-BALANCE SHEET ARRANGEMENTS

As at 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £46,512 (2023 - £74,321).

8. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Baxendale Employee Ownership Trustees Limited as trustee of the Baxendale Employee Ownership Trust (a trust where the assets are held for the benefit of the employees). Baxendale Employee Ownership Trustees Limited was incorporated and is a registered company in Scotland.