Baker Steel Trading Ltd 08953796 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Manufacture of metal structures Digita Accounts Production Advanced 6.30.9574.0 true 08953796 2024-04-01 2025-03-31 08953796 2025-03-31 08953796 core:CurrentFinancialInstruments 2025-03-31 08953796 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 08953796 core:Non-currentFinancialInstruments 2025-03-31 08953796 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 08953796 core:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 08953796 core:FurnitureFittings 2025-03-31 08953796 core:MotorVehicles 2025-03-31 08953796 core:OfficeEquipment 2025-03-31 08953796 core:PlantMachinery 2025-03-31 08953796 bus:SmallEntities 2024-04-01 2025-03-31 08953796 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08953796 bus:FilletedAccounts 2024-04-01 2025-03-31 08953796 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08953796 bus:RegisteredOffice 2024-04-01 2025-03-31 08953796 bus:Director1 2024-04-01 2025-03-31 08953796 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08953796 bus:Agent1 2024-04-01 2025-03-31 08953796 core:FurnitureFittings 2024-04-01 2025-03-31 08953796 core:MotorVehicles 2024-04-01 2025-03-31 08953796 core:OfficeEquipment 2024-04-01 2025-03-31 08953796 core:PlantMachinery 2024-04-01 2025-03-31 08953796 countries:AllCountries 2024-04-01 2025-03-31 08953796 2024-03-31 08953796 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 08953796 core:FurnitureFittings 2024-03-31 08953796 core:MotorVehicles 2024-03-31 08953796 core:OfficeEquipment 2024-03-31 08953796 core:PlantMachinery 2024-03-31 08953796 2023-04-01 2024-03-31 08953796 2024-03-31 08953796 core:CurrentFinancialInstruments 2024-03-31 08953796 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08953796 core:Non-currentFinancialInstruments 2024-03-31 08953796 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08953796 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 08953796 core:FurnitureFittings 2024-03-31 08953796 core:MotorVehicles 2024-03-31 08953796 core:OfficeEquipment 2024-03-31 08953796 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 08953796

Baker Steel Trading Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Baker Steel Trading Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Baker Steel Trading Ltd

Company Information

Director | Mr T S Baker

Registered office | Unit 3a (Rear) The Timber Yard Lucas Green Road Woking Surrey GU24 9YB

Accountants | Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

Baker Steel Trading Ltd

(Registration number: 08953796)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 3,196 | 3,604
Tangible assets | 5 | 90,950 | 170,756
|  | 94,146 | 174,360
Current assets |  |  |
Stocks | 6 | 10,000 | 10,000
Debtors | 7 | 79,170 | 86,482
Cash at bank and in hand |  | 50,121 | 165,169
|  | 139,291 | 261,651
Creditors: Amounts falling due within one year | 8 | (135,596) | (142,224)
Net current assets |  | 3,695 | 119,427
Total assets less current liabilities |  | 97,841 | 293,787
Creditors: Amounts falling due after more than one year | 8 | (38,742) | (58,276)
Provisions for liabilities |  | (23,143) | (42,664)
Net assets |  | 35,956 | 192,847
Capital and reserves |  |  |
Called up share capital |  | 120 | 120
Retained earnings |  | 35,836 | 192,727
Shareholders' funds |  | 35,956 | 192,847

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 August 2025

Baker Steel Trading Ltd

(Registration number: 08953796)
Balance Sheet as at 31 March 2025 (continued)

......................................... Mr T S Baker Director

Baker Steel Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The address of its registered office is:
Unit 3a (Rear)
The Timber Yard
Lucas Green Road
Woking
Surrey
GU24 9YB

These financial statements were authorised for issue by the director on 27 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Baker Steel Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | 33% Reducing Balance method
Fixtures and Fittings | 33% Reducing Balance method
Motor Vehicles | 25% Reducing Balance method

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Baker Steel Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Baker Steel Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2024 - 9).

Baker Steel Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4 | Intangible assets

| Trademarks, patents and licenses £ | Total £
Cost or valuation
At 1 April 2024 | 4,080 | 4,080
At 31 March 2025 | 4,080 | 4,080
Amortisation
At 1 April 2024 | 884 | 884
At 31 March 2025 | 884 | 884
Carrying amount
At 31 March 2025 | 3,196 | 3,196
At 31 March 2024 | 3,604 | 3,604

5 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £
Cost or valuation
At 1 April 2024 | 20,700 | 101,216 | 21,639 | 267,533
Additions | - | - | 833 | -
At 31 March 2025 | 20,700 | 101,216 | 22,472 | 267,533
Depreciation
At 1 April 2024 | 19,265 | 77,496 | 18,971 | 176,031
Charge for the year | - | - | - | 29,208
At 31 March 2025 | 19,265 | 77,496 | 18,971 | 205,239
Carrying amount
At 31 March 2025 | 1,435 | 23,720 | 3,501 | 62,294
At 31 March 2024 | 6,190 | 30,280 | - | 134,286

Baker Steel Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5 | Tangible assets (continued)

| Total £
Cost or valuation
At 1 April 2024 | 411,088
Additions | 833
At 31 March 2025 | 411,921
Depreciation
At 1 April 2024 | 291,763
Charge for the year | 29,208
At 31 March 2025 | 320,971
Carrying amount
At 31 March 2025 | 90,950
At 31 March 2024 | 170,756

Baker Steel Trading Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5 | Tangible assets (continued)

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 10,000 | 10,000

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 23,344 | 37,494
Other debtors | 55,826 | 48,988
| 79,170 | 86,482

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 74,315 | 79,887
Taxation and social security | 20,251 | 30,576
Other creditors | 41,030 | 31,761
| 135,596 | 142,224

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 38,742 | 58,276

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 38,742 | 58,276