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Baildon Green Autos Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Teale Accountants Ltd
1 Industrial Street
Bingley
West Yorkshire
BD16 4JG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12168684
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 60,000 64,000
Tangible Assets 5 43,220 57,625
103,220 121,625
CURRENT ASSETS
Stocks 6 36,881 2,500
Debtors 7 7,961 13,852
Cash at bank and in hand 19,815 22,954
64,657 39,306
Creditors: Amounts Falling Due Within One Year 8 (82,787 ) (86,534 )
NET CURRENT ASSETS (LIABILITIES) (18,130 ) (47,228 )
TOTAL ASSETS LESS CURRENT LIABILITIES 85,090 74,397
Creditors: Amounts Falling Due After More Than One Year 9 (24,476 ) (29,981 )
NET ASSETS 60,614 44,416
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 60,514 44,316
SHAREHOLDERS' FUNDS 60,614 44,416
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Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sam Jackson
Director
26/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Baildon Green Autos Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12168684 . The registered office is Baildon Green Mill, Green Road, Baildon, Shipley, West Yorkshire, BD17 7NW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 80,000
As at 31 December 2024 80,000
Amortisation
As at 1 January 2024 16,000
Provided during the period 4,000
As at 31 December 2024 20,000
Net Book Value
As at 31 December 2024 60,000
As at 1 January 2024 64,000
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 46,212 37,990 2,029 86,231
As at 31 December 2024 46,212 37,990 2,029 86,231
Depreciation
As at 1 January 2024 24,837 2,550 1,219 28,606
Provided during the period 5,343 8,860 202 14,405
As at 31 December 2024 30,180 11,410 1,421 43,011
Net Book Value
As at 31 December 2024 16,032 26,580 608 43,220
As at 1 January 2024 21,375 35,440 810 57,625
6. Stocks
2024 2023
£ £
Stock 36,881 2,500
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,961 3,706
Prepayments and accrued income - 10,146
7,961 13,852
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,544 11,607
Bank loans and overdrafts 6,600 6,600
Corporation tax 12,782 8,500
Other taxes and social security 2,272 1,360
VAT 10,849 2,958
Accruals and deferred income 2,895 2,750
Director's loan account 30,845 52,759
82,787 86,534
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,476 29,981
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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