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REGISTERED NUMBER: 02977693 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Baptt Shopfitters Limited

Baptt Shopfitters Limited (Registered number: 02977693)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Baptt Shopfitters Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: A Blackwell





SECRETARY:





REGISTERED OFFICE: Unit 9 Kingsway Business Centre
Swansea West Industrial Park
Swansea
SA5 4DL





REGISTERED NUMBER: 02977693 (England and Wales)





ACCOUNTANTS: Shaw & Co
Chartered Certified Accountants
3 Colegate
Norwich
Norfolk
NR3 1BN

Baptt Shopfitters Limited (Registered number: 02977693)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,657 93,840

CURRENT ASSETS
Stocks 568,346 361,154
Debtors 5 830,061 672,996
Cash at bank 25,546 76,730
1,423,953 1,110,880
CREDITORS
Amounts falling due within one year 6 1,130,783 486,801
NET CURRENT ASSETS 293,170 624,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,827

717,919

CREDITORS
Amounts falling due after more than
one year

7

(105,607

)

(23,940

)

PROVISIONS FOR LIABILITIES (21,138 ) (17,728 )
NET ASSETS 270,082 676,251

CAPITAL AND RESERVES
Called up share capital 920 920
Capital redemption reserve 270 270
Retained earnings 268,892 675,061
270,082 676,251

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

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

The director acknowledges his 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.

Baptt Shopfitters Limited (Registered number: 02977693)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2025 and were signed by:





T J Ellis - Director


Baptt Shopfitters Limited (Registered number: 02977693)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Baptt Shopfitters 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property - straight line over 10 years
Plant and machinery - 25% straight line
Fixtures and fittings - 20% straight line
Computer equipment - 25% straight line
Motor vehicles - 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Baptt Shopfitters Limited (Registered number: 02977693)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 236,622
Additions 30,245
At 31 July 2024 266,867
DEPRECIATION
At 1 August 2023 142,782
Charge for year 20,428
At 31 July 2024 163,210
NET BOOK VALUE
At 31 July 2024 103,657
At 31 July 2023 93,840

Baptt Shopfitters Limited (Registered number: 02977693)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 128,069 636,227
Other debtors 701,992 36,769
830,061 672,996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 60,000 10,000
Trade creditors 699,202 288,622
Taxation and social security 243,479 169,731
Other creditors 128,102 18,448
1,130,783 486,801

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 105,607 23,940