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REGISTERED NUMBER: 12199676 (England and Wales)


















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BAKERS OF DANBURY CONTRACTS LIMITED

BAKERS OF DANBURY CONTRACTS LIMITED (REGISTERED NUMBER: 12199676)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAKERS OF DANBURY CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M H Holland
P J Smyth



REGISTERED OFFICE: Eves Corner
Danbury
Chelmsford
Essex
CM3 4QB



REGISTERED NUMBER: 12199676 (England and Wales)



SENIOR STATUTORY AUDITOR: Lee Daley FCA FCCA



AUDITORS: THP Limited
Chartered Accountants
and Statutory Auditors
Unit 4 Mulgrave Chambers
26-28 Mulgrave Road
Sutton
Surrey
SM2 6LE

BAKERS OF DANBURY CONTRACTS LIMITED (REGISTERED NUMBER: 12199676)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 37,076 26,001

CURRENT ASSETS
Debtors 5 4,977,647 2,959,531
Cash at bank 470,240 905,339
5,447,887 3,864,870
CREDITORS
Amounts falling due within one year 6 4,636,000 3,136,643
NET CURRENT ASSETS 811,887 728,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

848,963

754,228

CREDITORS
Amounts falling due after more than one
year

7

(9,575

)

(5,879

)

PROVISIONS FOR LIABILITIES 10 (1,928 ) -
NET ASSETS 837,460 748,349

CAPITAL AND RESERVES
Called up share capital 236,033 236,033
Retained earnings 601,427 512,316
837,460 748,349

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





P J Smyth - Director


BAKERS OF DANBURY CONTRACTS LIMITED (REGISTERED NUMBER: 12199676)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Bakers of Danbury Contracts 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

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.

Going concern
The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts.

The directors, having considered all the information available, are confident that the company has adequate reserves and resources thereto to continue its operational activities for the foreseeable future.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 iA 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Amounts recoverable on contracts
Revenue from amounts recoverable on contracts is based on the completion stage of those contracts which is based on the costs incurred to date. The stage of completion is calculated by comparing actual costs incurred, mainly in relation to labour and materials, as a proportion of total final expected costs and by using this percentage of completion, an adjustment is made to recognise the appropriate revenue at the forecast margin.

Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

BAKERS OF DANBURY CONTRACTS LIMITED (REGISTERED NUMBER: 12199676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or financial leases are capitalised in the balance sheet and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period on a straight line basis. The capital element of the future payment is treated as a liability.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 - 90,907 90,907
Additions 15,500 14,716 30,216
Disposals - (2,270 ) (2,270 )
At 30 September 2024 15,500 103,353 118,853
DEPRECIATION
At 1 October 2023 - 64,906 64,906
Charge for year - 18,536 18,536
Eliminated on disposal - (1,665 ) (1,665 )
At 30 September 2024 - 81,777 81,777
NET BOOK VALUE
At 30 September 2024 15,500 21,576 37,076
At 30 September 2023 - 26,001 26,001

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 78,505
Transfer to ownership (10,305 )
At 30 September 2024 68,200
DEPRECIATION
At 1 October 2023 56,744
Charge for year 15,713
Transfer to ownership (9,360 )
At 30 September 2024 63,097
NET BOOK VALUE
At 30 September 2024 5,103
At 30 September 2023 21,761

BAKERS OF DANBURY CONTRACTS LIMITED (REGISTERED NUMBER: 12199676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,344,311 974,018
Amounts recoverable on contracts 720,953 980,166
Other debtors 288,434 332,086
Amounts owed by group undertakings 2,621,432 663,848
Deferred tax asset
Accelerated capital allowances - 2,393
Prepayments and accrued income 2,517 7,020
4,977,647 2,959,531

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 3,283 -
Hire purchase contracts (see note 8) 5,878 15,814
Trade creditors 1,295,323 1,081,872
Amounts owed to group undertakings 1,583,689 1,121,225
Corporation tax 33,558 37,731
Social security and other taxes 66,425 58,166
VAT 615,211 261,124
Other creditors 4,006 3,852
Accruals and deferred income 1,028,627 556,859
4,636,000 3,136,643

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans - 1-2 years 3,283 -
Other loans - 2-5 years 6,292 -
Hire purchase contracts (see note 8) - 5,879
9,575 5,879

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,878 15,814
Between one and five years - 5,879
5,878 21,693

Non-cancellable operating leases
2024 2023
£    £   
Within one year 13,444 6,059
Between one and five years 17,642 12,624
31,086 18,683

BAKERS OF DANBURY CONTRACTS LIMITED (REGISTERED NUMBER: 12199676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 12,858 -
Hire purchase contracts 5,878 21,693
18,736 21,693

Liabilities under hire purchase are secured against the assets on hire.

Other loans are secured against the assets financed with fixed interest rates of 8.9% over the term of the loan.

Bank facilities provided by Barclays Bank Plc are secured by a debenture over the assets of the company and its parent and fellow group undertakings.

10. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax
Accelerated capital allowances 1,928

Deferred
tax
£   
Balance at 1 October 2023 (2,393 )
Provided during year 4,321
Balance at 30 September 2024 1,928

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lee Daley FCA FCCA (Senior Statutory Auditor)
for and on behalf of THP Limited

12. PARENT COMPANY

The company is a 100% owned subsidiary of Bakers of Danbury Limited which is both the immediate and ultimate parent company and is incorporated in England and Wales.

Registered address : Eves Corner, Little Baddow Road, Danbury, Chelmsford, Essex, CM3 4BQ.