Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 03423003 R A Baxendell Mr J J Baxendell Mrs L C Baxendell Mr J J Baxendell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03423003 2023-08-31 03423003 2024-08-31 03423003 2023-09-01 2024-08-31 03423003 frs-core:Non-currentFinancialInstruments 2024-08-31 03423003 frs-core:BetweenOneFiveYears 2024-08-31 03423003 frs-core:ComputerEquipment 2023-09-01 2024-08-31 03423003 frs-core:FurnitureFittings 2023-09-01 2024-08-31 03423003 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 03423003 frs-core:MoreThanFiveYears 2024-08-31 03423003 frs-core:MotorVehicles 2023-09-01 2024-08-31 03423003 frs-core:WithinOneYear 2024-08-31 03423003 frs-core:ShareCapital 2024-08-31 03423003 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03423003 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03423003 frs-bus:AbridgedAccounts 2023-09-01 2024-08-31 03423003 frs-bus:SmallEntities 2023-09-01 2024-08-31 03423003 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03423003 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03423003 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31 03423003 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-08-31 03423003 frs-bus:Director1 2023-09-01 2024-08-31 03423003 frs-bus:Director1 2023-08-31 03423003 frs-bus:Director1 2024-08-31 03423003 frs-bus:Director2 2023-09-01 2024-08-31 03423003 frs-bus:Director3 2023-09-01 2024-08-31 03423003 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 03423003 frs-countries:EnglandWales 2023-09-01 2024-08-31 03423003 2022-08-31 03423003 2023-08-31 03423003 2022-09-01 2023-08-31 03423003 frs-core:Non-currentFinancialInstruments 2023-08-31 03423003 frs-core:BetweenOneFiveYears 2023-08-31 03423003 frs-core:MoreThanFiveYears 2023-08-31 03423003 frs-core:WithinOneYear 2023-08-31 03423003 frs-core:ShareCapital 2023-08-31 03423003 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 03423003 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31
Registered number: 03423003
Bax Marketing Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Allen Mills Howard & Co
Chartered Accountants
Lewis House
56 Manchester Road
Altrincham
Cheshire
WA14 4PJ
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 03423003
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,023,104 1,010,363
1,023,104 1,010,363
CURRENT ASSETS
Debtors 173,202 51,464
Cash at bank and in hand 78,723 279,923
251,925 331,387
Creditors: Amounts Falling Due Within One Year (245,882 ) (294,391 )
NET CURRENT ASSETS (LIABILITIES) 6,043 36,996
TOTAL ASSETS LESS CURRENT LIABILITIES 1,029,147 1,047,359
Creditors: Amounts Falling Due After More Than One Year (7,500 ) (36,332 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (94,614 ) (91,429 )
NET ASSETS 927,033 919,598
CAPITAL AND RESERVES
Called up share capital 6 100 100
Fair value reserve 9 247,764 247,764
Profit and Loss Account 679,169 671,734
SHAREHOLDERS' FUNDS 927,033 919,598
Page 1
Page 2
For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr J J Baxendell
Director
29th May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Bax Marketing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03423003 . The registered office is Oakhurst, Toft Road, Knutsford, Cheshire, WA16 9ED.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
The presentation currency of the financial statements is the Pound  Sterling (£).
2.2. Turnover
Turnover comprises rental income and property related fees, excluding value added tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the life of the lease
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 September 2023 1,059,156
Additions 21,200
As at 31 August 2024 1,080,356
Depreciation
As at 1 September 2023 48,793
Provided during the period 8,459
As at 31 August 2024 57,252
Net Book Value
As at 31 August 2024 1,023,104
As at 1 September 2023 1,010,363
5. Secured Creditors
The following amounts are secured against Unit 501 Birchwood.
2024 2023
£ £
Other Creditors 19,832 58,047
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 27,000 -
Later than one year and not later than five years 67,750 16,000
Later than five years 21,667 25,667
116,417 41,667
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Joshua Baxendell - 107,499 - - 107,499
The above loan is unsecured, interest free and repayable on demand.
9. Reserves
Fair Value Reserve
£
As at 1 September 2023 247,764
As at 31 August 2024 247,764
10. Related Party Transactions
At the 31st August 2024 the company owed £203,187  (2023; £54,058) to a director. No interest has been charged to the company in respect of these loans which are repayable on demand and classified in creditors due within one year.
On the 14th February 2020 the company borrowed £177,790 from Bax SSAS. The loan is repayable over five years. The interest on the loan is 5%. The loan is secured against one of the company's investment properties. The balance outstanding at the balance sheet date is £19,832 (2023:£58,407).
Mr J Baxendell and Mrs L Baxendell are members of the Bax SSAS.
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