Registered number
10342045
R S Baxter & Associates Limited
Filleted Accounts
31 August 2024
R S Baxter & Associates Limited
Registered number: 10342045
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 1,565 1,950
Cash at bank and in hand 23,652 22,501
25,217 24,451
Creditors: amounts falling due within one year 5 (18,065) (14,143)
Net current assets 7,152 10,308
Total assets less current liabilities 7,152 10,308
Creditors: amounts falling due after more than one year 6 (3,000) (7,000)
Net assets 4,152 3,308
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,052 3,208
Shareholders' funds 4,152 3,308
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.
R S Baxter
Director
Approved by the board on 18 June 2025
R S Baxter & Associates Limited
Notes to the Accounts
for the year ended 31 August 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. Turnover includes revenue earned from the rendering of services and is recognised according to the date on which the services are provided.
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:
Fixtures, fittings, and office equipment 3 years straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 1 1
3 Tangible fixed assets
Fixtures, fittings and office equipment
£
Cost
At 1 September 2023 1,277
At 31 August 2024 1,277
Depreciation
At 1 September 2023 1,277
At 31 August 2024 1,277
Net book value
At 31 August 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 1,565 1,950
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,000 4,000
Taxation and social security costs 10,683 7,266
Other creditors 3,382 2,877
18,065 14,143
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,000 7,000
7 Related party transactions
During the year dividends were paid to the shareholding directors of £43,000 (2023: £48,000).

The balance owed to the directors was £988 (2023: £482) at the year end.
8 Controlling party
The company is wholly controlled by the directors.
9 Other information
R S Baxter & Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
31 Abbey Road
Grimsby
North East Lincolnshire
DN32 0HQ
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