REGISTERED NUMBER: 04688907 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BAKER & BAKER FURNITURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G J Baker

Mrs M A Baker

A C W Bone

SECRETARY:

Mrs M A Baker

REGISTERED OFFICE:

Unit 1, Greenfields Farm

Yeldham Road

Stambourne

Halstead

Essex

CO9 4ND

REGISTERED NUMBER:

04688907 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

619,226

Tangible assets

4

615,098

CURRENT ASSETS

39,390

Stocks

5

28,959

9,854

Debtors

6

5,046

13,261

Cash at bank

9,982

62,505

43,987

CREDITORS

149,542

Amounts falling due within one year

7

136,088

(87,037

)

NET CURRENT LIABILITIES

(92,101

)

532,189

TOTAL ASSETS LESS CURRENT LIABILITIES

522,997

CREDITORS

(232,528

)

Amounts falling due after more than one year

8

(219,528

)

(56,981

)

PROVISIONS FOR LIABILITIES

(56,196

)

242,680

NET ASSETS

247,273

CAPITAL AND RESERVES

200

Called up share capital

10

200

227,345

Revaluation reserve

11

227,345

15,135

Retained earnings

19,728

242,680

SHAREHOLDERS' FUNDS

247,273

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

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

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 12 September 2025 and were signed on its behalf by:

Mrs M A Baker - Director

1.	STATUTORY INFORMATION

Baker & Baker Furniture 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing work in progress and trade debtor balances.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Freehold land and buildings have not been depreciated and are incuded within the accounts at open market value.

Stocks

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

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Totals

property

machinery

£

£

£

COST OR VALUATION

At 1 April 2024

717,304

600,000

117,304

Additions

994

-

994

Disposals

(2,398

)

-

(2,398

)

At 31 March 2025

715,900

600,000

115,900

DEPRECIATION

At 1 April 2024

98,078

-

98,078

Charge for year

5,038

-

5,038

Eliminated on disposal

(2,314

)

-

(2,314

)

At 31 March 2025

100,802

-

100,802

NET BOOK VALUE

At 31 March 2025

615,098

600,000

15,098

At 31 March 2024

619,226

600,000

19,226

Cost or valuation at 31 March 2025 is represented by:

Freehold

Plant and

Totals

property

machinery

£

£

£

Valuation in 2022

280,673

280,673

-

Cost

435,227

319,327

115,900

715,900

600,000

115,900

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

319,327

319,327

Freehold land and buildings were valued on an open market basis on 31 March 2025 by the directors .

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

28,959

39,390

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

4,272

8,513

Other debtors

774

1,341

5,046

9,854

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

17,012

26,833

Trade creditors

8,936

5,491

Taxation and social security

37,923

37,440

Other creditors

72,217

79,778

136,088

149,542

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

219,528

232,528

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

151,479

165,197

9.	SECURED DEBTS

Barclays Bank PLC hold a fixed and floating charge over all property or undertakings of the company dated 14th December 2014.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

100

Redeemable

£1

100

100

200

200

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

227,345