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REGISTERED NUMBER: 00758166 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2025

for

James Baxter Limited

James Baxter Limited (Registered number: 00758166)






Contents of the Financial Statements
for the Year Ended 31 May 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

James Baxter Limited

Company Information
for the Year Ended 31 May 2025







DIRECTORS: Mrs M M Baxter
J J Baxter
Mrs G Baxter





SECRETARY: Mrs G Baxter





REGISTERED OFFICE: Valley Farm
Tinsel Lane
Wellesborough
Nuneaton
Warwickshire
CV13 6LL





REGISTERED NUMBER: 00758166 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

James Baxter Limited (Registered number: 00758166)

Balance Sheet
31 May 2025

2025 2024
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 2,652,555 2,518,869
Investments 5 1,029 1,029
2,653,584 2,519,898

CURRENT ASSETS
Inventories 240,290 231,290
Debtors 6 136,940 162,806
Cash at bank and in hand 747,928 800,734
1,125,158 1,194,830
CREDITORS
Amounts falling due within one year 7 (714,350 ) (848,442 )
NET CURRENT ASSETS 410,808 346,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,064,392

2,866,286

CREDITORS
Amounts falling due after more than one
year

8

(240,953

)

(180,954

)

PROVISIONS FOR LIABILITIES (336,175 ) (84,811 )
NET ASSETS 2,487,264 2,600,521

CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Retained earnings 2,482,264 2,595,521
SHAREHOLDERS' FUNDS 2,487,264 2,600,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

James Baxter Limited (Registered number: 00758166)

Balance Sheet - continued
31 May 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:





J J Baxter - Director


James Baxter Limited (Registered number: 00758166)

Notes to the Financial Statements
for the Year Ended 31 May 2025

1. STATUTORY INFORMATION

James Baxter 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.

Turnover
Revenue 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
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.
Land and buildings - 3% on cost
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

James Baxter Limited (Registered number: 00758166)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Pension contributions
The company operates a small self administered pension scheme. The assets of the scheme are held separately from those of the company in an independantly administered fund. The pension cost charge represents contributions payable by the company to the fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2024 1,418,486 1,865,562 3,284,048
Additions - 501,881 501,881
Disposals - (198,653 ) (198,653 )
At 31 May 2025 1,418,486 2,168,790 3,587,276
DEPRECIATION
At 1 June 2024 107,315 657,864 765,179
Charge for year 3,163 199,789 202,952
Eliminated on disposal - (33,410 ) (33,410 )
At 31 May 2025 110,478 824,243 934,721
NET BOOK VALUE
At 31 May 2025 1,308,008 1,344,547 2,652,555
At 31 May 2024 1,311,171 1,207,698 2,518,869

Included in cost of land and buildings is freehold land of £ 1,267,408 (2024 - £ 1,267,408 ) which is not depreciated.

James Baxter Limited (Registered number: 00758166)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2024 141,400
Transfer to ownership (21,400 )
At 31 May 2025 120,000
DEPRECIATION
At 1 June 2024 16,500
Charge for year 15,525
At 31 May 2025 32,025
NET BOOK VALUE
At 31 May 2025 87,975
At 31 May 2024 124,900

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2024
and 31 May 2025 1,029
NET BOOK VALUE
At 31 May 2025 1,029
At 31 May 2024 1,029

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 92,331 114,826
Other debtors 44,609 47,980
136,940 162,806

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 142,969 274,709
Taxation and social security (26,902 ) (26,258 )
Other creditors 598,283 599,991
714,350 848,442

James Baxter Limited (Registered number: 00758166)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 60,000 -
Other creditors 180,953 180,954
240,953 180,954

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
5,000 Ordinary £1 5,000 5,000

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
James Baxter Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of James Baxter Limited for the year ended 31 May 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of James Baxter Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of James Baxter Limited and state those matters that we have agreed to state to the Board of Directors of James Baxter Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than James Baxter Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that James Baxter Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of James Baxter Limited. You consider that James Baxter Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of James Baxter Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


17 July 2025